Luke Nosek Explained

Luke Nosek
Birthname:Łukasz Nosek
Birth Date:1 June 1976[1]
Birth Place:Tarnów, Poland
Alma Mater:University of Illinois at Urbana–Champaign
Occupation:Venture capitalist, Entrepreneur
Known For:Co-founder and VP of marketing at PayPal
Website:Forbes profile

Łukasz Nosek (;[2] born June 1975) is a Polish-American entrepreneur, notable for being a co-founder of PayPal.

Biography

Łukasz Nosek was born in Tarnów, Poland. After emigrating to the US, he earned a B.S. in Computer Engineering from the University of Illinois at Urbana–Champaign.[3]

In the summer of 1995, while still in college, he co-founded SponsorNet New Media, Inc., along with fellow Illinois students Max Levchin and Scott Banister. Nosek then worked for Netscape. In 1998, with Max Levchin, Peter Thiel and Ken Howery, Nosek co-founded PayPal, serving as vice president of marketing and strategy, creating the company's "instant transfer" product.[4] [5]

In his first conversation with Thiel, he told Thiel he had just registered to be cryonically suspended, in other words, that he would be subject to low-temperature preservation in case of his legal death in hopes that he might be successfully revived by future medical technology.[6] Thiel himself would later follow Nosek's example.[7]

After PayPal went public and was sold to eBay for $1.5 billion in 2002, Nosek left the company to travel and pursue angel investing. In 2005, with Thiel and Ken Howery, he started Founders Fund, a San Francisco-based venture capital firm with over $1 billion under management.[1]

In July 2017, Nosek left Founders Fund to launch Gigafund, an investment fund focused on space exploration.[8]

Nosek was the first institutional investor in Elon Musk's SpaceX, and sits on the company's board. He also sits on the board of ResearchGate.[9]

Notes and References

  1. Web site: Putting Founders First: How one VC Firm coddles its CEOs.. https://web.archive.org/web/20070328172047/https://www.inc.com/magazine/20070301/finance-raising-funds.html. dead. March 28, 2007. Amy. Feldman. March 1, 2007. Inc..
  2. https://www.youtube.com/watch?v=2uGZyn1Pjd8 "Luke Nosek | Consciousness Hacking | 6/14/2014"
  3. Web site: Alumni Awards. 2014-08-24. dead. https://web.archive.org/web/20140826120121/http://www.ece.illinois.edu/alumni/awards/yaaa/2011-Nosek.html. 2014-08-26.
  4. Web site: Beam Me up Some Cash. Plotkin. Hal. CNBC. September 8, 1999. April 17, 2022. https://web.archive.org/web/19991128221108/http://www.cnbc.com:80/commentary/commentary_full_story_stocks.asp?StoryID=6517. November 28, 1999. dead.
  5. Web site: How the 'PayPal Mafia' redefined success in Silicon Valley. Forrest. Conner. June 30, 2014. TechRepublic. November 11, 2014.
  6. Book: Thiel. Peter. Zero to One

    Notes on Startups, or How to Build the Future

    . September 16, 2014. Crown Business. 978-0-8041-3929-8. 1 (chapter 14).
  7. News: Brown. Mick. Peter Thiel: the billionaire tech entrepreneur on a mission to cheat death. October 16, 2014. The Telegraph. September 19, 2014.
  8. News: PayPal co-founder Luke Nosek leaving Founders Fund, reportedly for SpaceX-focused fund. Roof. Katie. TechCrunch. July 28, 2017. February 16, 2018.
  9. Web site: Press Coverage. researchgate.net. February 22, 2012. April 19, 2017.