David Sacks
Cofounder and Partner, Craft Ventures
Age – 53
Residence – San Francisco, California
Citizenship – United States
Source of Wealth – software, Self Made
Notable Deal – SpaceX
Ranks: 85 The Midas List: Top Tech Investors (2025)
David Sacks, co-founder and partner at Craft Ventures, is one of Silicon Valley’s most respected founders and investors. For over two decades, he has built and backed some of the world’s most iconic tech companies, with investments in over 20 unicorns including Airbnb, Slack, SpaceX, Uber, Twitter, Reddit, and Palantir.
Sacks began his tech journey in 1999 at Confinity, later known as PayPal, where he served as COO and the company’s first product leader. He played a key role in shaping PayPal’s business model and product direction, helping it pivot from Palm Pilot payments to web-based transactions. When PayPal went public in 2002, Sacks was just 29, part of the legendary “PayPal Mafia” that went on to define a generation of tech innovation.
In 2008, he founded Yammer, one of the earliest SaaS companies to bring viral consumer growth tactics into enterprise software. As CEO, he grew Yammer to 500 employees and $60 million in annual revenue before selling it to Microsoft for $1.2 billion in 2012. His “Bottom-Up SaaS” approach, combining product-led growth with B2B sales, became a defining model for modern SaaS startups.
Beyond investing, Sacks co-hosts the All In podcast with Chamath Palihapitiya, Jason Calacanis, and David Friedberg, covering tech, business, and global issues. Known for his sharp product sense, AngelList’s Naval Ravikant once called him “the world’s best product strategist.” True to form, Sacks prefers to start every pitch meeting with a product demo.
