Paypal (PYPL) CEO Dan Schulman Interview

Paypal (PYPL) CEO Dan Schulman on how he views competition

“I don’t think a lot about competition.  To me, competition is like gravity.  I don’t wake up every morning, get out of bed, and feel that gravity is weighing me down today.  If it wasn’t for gravity, I could jump 20 feet.  Competition is the same way.  If you’re in business, you battle against competition all the time but if you spend too much time thinking about what competition is doing and reacting to that as opposed to laser-like focusing on what customers expect and demand from you.  And then we use our unique assets and think about how we extend that out to the major pain points that consumers and merchants are facing.”

 

 

Source: Fortune Interview July 13, 2016 https://www.youtube.com/watch?v=QKC4bZlL744