Thiel paid bonuses to PayPal employees living near the office
Everett Randle · Benchmark's GP, Everett Randle on Why Mega Funds Will Not Produce Good Returns · 20VC with Harry Stebbings · Nov 10, 2025 · at 6:10
Everett Randle, General Partner at Benchmark, discusses how Peter Thiel structured incentives to drive employee commitment during PayPal's early days.
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“He had, like, a bonus system for PayPal employees. If they lived within, like, a couple miles of the office, you'd give them more money.”
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