Definition of "PayPaler"

The company had merged with Sequoia [Capital]-backed X.com, and [Michael] Moritz had insisted on a grown-up CEO to run the combined company. The offer that came back from investors was a $200 million round at a $500 million pre-money valuation. Sounds rich, right? The PayPalers were insulted. It was the height of the bubble; they all thought PayPal was the next great [Silicon] Valley company and should be worth far more than that.

2008, Sarah Lacy, “Sell Out”, in Once You’re Lucky, Twice You’re Good: The Rebirth of Silicon Valley and the Rise of Web 2.0, Gotham Books, Penguin Group (USA) Inc., page 237

It’s not that he [David Marcus] thinks PayPal should be a stand-alone; he says he would prefer if eBay simply sold it to a more natural fit, such as a Visa. “Another giant in the space would pay a huge premium for PayPal.” [Elon] Musk and other former PayPalers like [David Oliver] Sacks would prefer that it operate as a stand-alone, arguing that, once unchained, it could eventually be worth $100 billion (compared with the $40 billion or so it’s valued at today).

2014 February 26, Steven Bertoni, “The wallet wars”, in Chicago Tribune, 166th year, number 57, section 1A, page 11, column 3

A half-dozen years later, Peter Thiel, a cofounder of PayPal, led (meaning he put in more money than anyone else) a small group of Silicon Valley veterans investing in Facebook only a few months after [Mark] Zuckerberg had launched a social network aimed at connecting classmates and friends. Thiel personally invested $500,000 in Facebook in 2004. Eight years later, after the company went public, his stake was worth more than $1 billion. Fellow PayPaler Reid Hoffman was preoccupied with a new company he had cofounded called LinkedIn, but he threw in another $37,500—an investment that would be worth more than $100 million.

2019, Gary Rivlin, “Venture Capital 101”, in Becoming a Venture Capitalist, Simon & Schuster, pages 17–18