PayPal Exec Dana Stalder Joins VC Matrix Partners (EBAY)

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dana stalder ebay.jpgDana Stalder, an SVP at eBay's PayPal, has left the company to become a general partner at Matrix Partners at its Sand Hill road office. He'll be focusing on Web investments for the VC firm, which has its roots in Boston and is best known for taking stakes in more technical plays, like SanDisk and Veritas.

This move looks to be different than the PayPal exodus that generated lots of attention a couple of years ago. Back then, departures from the company were noteworthy because the folks leaving were original employees (who then went on to form companies like YouTube, Slide and Yelp). But Dana, who joined PayPal in 2004, is part of the wave of eBay vets who moved to the payment unit to step into those vacant slots.



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16 Comments

Joe said:
Spell "because" correctly.

Man. Also managed to spell Dana's name wrong twice. Banner day for me.

jay said:
LOL.

Dana as a VC is the funniest thing I have read in a long time. The eBay "vet" has no instincts for early-stage investments. In fact, has any eBay exec demonstrated any ability to forge something new?

eBay is all about PowerPoint and meetings, probably the last place to find a exec with early-stage VC talents.

So here's Dana's argument: eBay has been acquiring a half-dozen companies a year for the last 10 years. So this isn't new ground for him.

jay said:
Peter:
PayPal only acquired one company during his era. I don't think he was involved in the StumpleUpon transaction, which was smart, or the Skype fiasco.

But Matrix should not be investing in companies to be acquired by eBay; their fund is too large for that to be really interesting.

He also doesn't grasp that all of the great consumer Internet plays are started by founders in their 20s.

strikes me that matrix's choice is another fine decicision in a long history of wise investments in talent and ideas. dana's business acumen stands on its own merits - including, by all accounts, a well honed instinct for, and understanding of, consumer web behavior. his track record is fairly public - and proven - unlike anonymous commentary in this discussion.

Mark said:
Having worked with Dana for years, I can say he was a source of highly innovative, forward-looking ideas in e-commerce and payments. He struck a great balance between applications of new trends/technologies and realism/practicality. I think he has exactly what it will take to succeed at Matrix

jay said:
Of all of the eBay executives and employees, why has there been exactly one, moderately, successful entrepreneur?

Mark and iapyap:
Have either of you started a company?
Raised top-tier venture capital?
Successfully exited such venture with major profits returned to your investors?

I doubt it.

Henry said:
Along with Mark, I've also worked with Dana at eBay before joining a successful VC-backed start-up that just recently had a successful exit and can say Dana is awesome. Jay doesn't know what he's talking about. Not only did Dana lead a number of successful deals at eBay and PayPal (Rent, Veritas's payment processing business and others), he's also been in operating roles at start ups and on the boards of several others. He's sharp, strategic and has practical operating experience that I think will make him both a good investor and a great advisor.

Anyway, it's all just talk at this point. Congrats to Dana on joining other successful eBay entrepreneur and alum, Bo Shao at Matrix. And good luck to Jay with whatever you do.


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