{ "docId": "019f6b8f-5038-7098-98aa-aee728fe103e", "docSlug": "jarvis-paypal-confinity-wallet-banking-business-plan", "documentTitle": "Paypal Confinity Wallet Banking Business Plan", "authorId": "paypal-confinity-wallet-banking-business-plan", "authorName": null, "documentKindSlug": "deck", "documentKindLabel": "Deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": null, "orientation": null, "aspectRatio": null, "pageNumber": 15, "pageCount": 22, "prevPage": 14, "nextPage": 16, "slideType": "team_bio", "function": "other", "density": "overcrowded", "nDataPoints": 0, "notes": "This appears to be a page from a business plan or investor deck for Confinity (the precursor to PayPal).", "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019f6b8f-5038-7098-98aa-aee728fe103e/15", "deckHref": "/decks/019f6b8f-5038-7098-98aa-aee728fe103e", "deckJsonHref": "/decks/019f6b8f-5038-7098-98aa-aee728fe103e.json", "deckAnchorHref": "/decks/019f6b8f-5038-7098-98aa-aee728fe103e#slide-15", "components": [ { "bbox": { "h": 0.075, "w": 0.766, "x": 0.117, "y": 0.112 }, "kind": "paragraph", "text": "Senior Software Engineer Russel Simmons works with Mr. Levchin in developing Confinity's efinance software. Previously, Mr. Simmons worked as a consultant for NetMeridian Software and also has collaborated with Mr. Levchin on numerous software projects over the last four years. Mr. Simmons received his BS from the University of Illinois Urbana-Champaign.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0500761d-54f0-4f31-b322-69a033991c48", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.062, "w": 0.766, "x": 0.117, "y": 0.544 }, "kind": "paragraph", "text": "Director Scott Banister founded several of the leading web-promotion services – SubmitIt, ClickTrade, ListBot, and PositionAgent, all of which were sold to LinkExchange and subsequently bought by Microsoft. Mr. Banister brings to Confinity broad experience in technology, product design, marketing, and branding.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2e1f69ea-a85f-4331-aa3f-c50e34ab10e9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.088, "w": 0.766, "x": 0.117, "y": 0.325 }, "kind": "paragraph", "text": "Concurrent with its first venture capital round, Confinity plans to hire three more developers (including one with a focus on web design) and four more people with a business focus (in online marketing, sales, and business development). At the same time, Confinity will start to recruit a core team of two or three people with the background in the banking industry needed to manage the tax, accounting, and regulatory issues involved in starting a new bank.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "48429c36-80a1-4618-83f8-0baa41810113", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.062, "w": 0.766, "x": 0.117, "y": 0.219 }, "kind": "paragraph", "text": "Senior Software Engineer Yu Pan works with Mr. Levchin in developing Confinity's efinance software. Previously, Mr. Pan collaborated with Mr. Levchin and Mr. Simmons on numerous software projects over the last four years. Mr. Pan received his BS from the University of Illinois Urbana-Champaign.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "570f632d-a806-42ad-9579-e3983209df12", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.038, "w": 0.766, "x": 0.117, "y": 0.646 }, "kind": "paragraph", "text": "Director Reid Hoffman is the chief strategist and founder of SocialNet, an internet community service. Mr. Hoffman brings to Confinity a strong background in business strategy, development and operations.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "920a2366-90c1-419a-ac0b-96143257dc26", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.766, "x": 0.117, "y": 0.771 }, "kind": "paragraph", "text": "World-renowned cryptographer Martin Hellman advises Confinity on the technological and business positioning of its security products. An electrical engineering professor at Stanford University, Dr. Hellman is perhaps best known for his leading role in the development of public-key cryptography.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c1da967a-e9a6-4e39-82d2-28d2946e5ede", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.025, "w": 0.766, "x": 0.117, "y": 0.491 }, "kind": "paragraph", "text": "Confinity has four directors: CEO Peter Thiel, CTO Max Levchin, and outside directors Scott Banister and Reid Hoffman.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d24829df-787d-4e26-b351-b3c632d93729", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.025, "w": 0.766, "x": 0.117, "y": 0.861 }, "kind": "paragraph", "text": "Hand-held encryption pioneer Dan Boneh is helping Confinity develop secure protocols for its MobileWallet software. A computer science professor at Stanford", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f27186cc-14db-496b-829e-3ca66bbc0c47", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.021, "w": 0.255, "x": 0.117, "y": 0.735 }, "kind": "title", "text": "C. The Technology Advisors", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "19cf56bb-044f-4b69-ad95-5377815a69b0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.021, "w": 0.235, "x": 0.117, "y": 0.458 }, "kind": "title", "text": "B. The Board of Directors", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b63cfbd8-1b86-4d26-9cef-63b7b513ef41", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 16, "from": 14, "beatId": "1dba96ac-f4ee-4ef5-9c57-e4686e21ca6f", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Team", "beatSlug": "sequoia-pitch-team", "evidence": "Team bios are presented on pages 14-16.", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [ { "to": 22, "from": 4, "name": "Why Now", "slug": "15-why-now", "bestFor": "Sales pitches, fundraising, requesting immediate budget approval", "matchId": "bbe5d22a-549c-4a80-b433-becde347d99b", "evidence": "The deck presents a clear market opportunity and potential for growth.", "position": 0, "objective": "Why now is the right time for Confinity's mobile banking platform", "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity", "confidence": 0.7, "description": "Create temporal urgency by proving that the window of opportunity is opening or closing" }, { "to": 22, "from": 2, "name": "Quick Win Big Bet", "slug": "47-quick-win-big-bet", "bestFor": "Transformation planning, 100-day plans, resource allocation", "matchId": "4b147b1e-8a49-4308-a972-94cacbcf7be6", "evidence": "The deck presents a clear vision for Confinity's potential.", "position": 1, "objective": "Whether Confinity's mobile banking platform is a quick win or a big bet", "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap", "confidence": 0.6, "description": "Separate initiatives into immediate wins and longer-term strategic bets" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }