Dan Schulman Quotes

Dan Schulman

Profession : Businessman

Birth : January 19, 1958

In many ways, leadership is about defining reality and inspiring hope, but if you have these great people around you and they know that what they do is going to be recognized, it can be incredibly powerful.

Dan Schulman

No one can say that democratizing financial services is bad. It is good for communities, countries, the global economy, and educational progress.

Dan Schulman

Our overriding mantra is to be customer champion.

Dan Schulman

Most devices have been hacked in some way and are part of - part of a botnet network that can come after you in DDoS attacks.

Dan Schulman

Monetizing by creating more value for a Venmo user makes a ton of sense to me. But other forms of monetization that are more intrusive, like in advertising or something like that, the jury is really still out for me.

Dan Schulman

I grew up in a progressive household with a family that believed in equality for all, and that leaves its mark on you. In the past, I planned to go into politics and never considered Wall Street as an option.

Dan Schulman

Software is eating the financial services industry. We have a large addressable market for PayPal to play in.

Dan Schulman

I spent the first 18 years of my career at AT&T, and it was a wonderful place that kept me moving all the time. I mean, I started off as entry level a position as you can get at AT&T.

Dan Schulman

I do think there's no substitute for really hard work. But I think the thing that launched my career at AT&T, I had a pretty tragic thing happen in my family. My sister died, and I was leading a big team at the time, and I had to take time off.

Dan Schulman

Before I became the president of AT&T's consumer division, I was running strategy and our internet services, so I was the president of one of the first internet service providers, ISPs, AT&T Worldnet, and running our internet protocol product development as well. So I knew a lot about what was going on with the internet.

Dan Schulman

I think that sometimes people talk about disruption, and I've seen tons of startups come in as disruptors and then disappear. And I think what we need to do as an industry is think about a world that is dominated by mobile and software and not extrapolate from what was. And I think a lot of big companies tend to want to do that.

Dan Schulman

I think what we really need to think about is how do we reimagine the management and movement of money in an era where everyone will have a smartphone.

Dan Schulman

Everyone has all the power of a bank branch in the palm of their hand. And so in that world of software at scale, theoretically the incremental unit cost of something at scale approaches zero.

Dan Schulman

When I first went into financial services, people told me not to be too over-optimistic about change.

Dan Schulman

If you think about the under-30 generation, the millennial generation - GenTech, as I call them - they grew up with a screen in front of them. And so they think about everyday processes, like payments, differently than you and I do.

Dan Schulman

The difference between online and offline commerce is basically blurring and disappearing.

Dan Schulman

We're really thinking how do we re-imagine PayPal almost as a service. PayPal as a SaaS platform.

Dan Schulman

If you want to have the best employees, there really needs to be a vision and a mission. Talent looks for a mission. And if you have the best talent, that's the single biggest competitive advantage any company can have.

Dan Schulman

I think a lot of people have predicted the demise of cash, and they've frequently been wrong. But there's no question that the smartphone is leading to the digitization of money. You really now have all the power of a bank branch in the palm of your hand.

Dan Schulman

We take the privacy of our consumers' information as one of the most trusted things that people look to Paypal for, because when it comes to financial services, the single most important brand attribute you can have is trust.

Dan Schulman