Keith Rabois
Keith Rabois is an American businessman, entrepreneur, and member of the PayPal mafia.

Who is Keith Rabois?

Keith Rabois is an American businessman and entrepreneur. A member of the so-called PayPal mafia, Rabois worked at PayPal before moving onto a series of other businesses. This has included Square, LinkedIn, and more. Like many other members of the PayPal Mafia, Rabois’s career is extensively tied to PayPal co-founder Peter Thiel, and the two have worked together extensively. 

Early Life

Rabois was born on March 17, 1969. His birthplace was Edison, New Jersey. Rabois attended college at Stanford University, graduating in 1991 with a B.A. in Political Science. His time there was not without controversy: Rabois joined other students in allegedly screaming homophobic insults outside of an instructor’s home. Rabois was punished for the incident, which he characterized as a protest and challenge of rules that Stanford had that were viewed by many as prohibiting freedom of speech.

Quick Facts

Full Name
Keith Rabois
Birth
March 17, 1969
Net Worth
Over $1 billion
Children
None
Nationality
American
Place of Birth
Edison, New Jersey
Fields of Expertise
  • Business
  • Entrepreneurship
  • Technology
  • Investing
Institutions
Stanford, Harvard, PayPal, Square
Contributions
Member of the PayPal mafia, Numerous successful investments and business successes

Rabois would earn a J.D. from Harvard University in 1994. After graduating from Harvard, he clerked for the 5th Circuit Appeals Court. He also spent some time as a corporate litigator before turning to the business sector. 

Career

PayPal

Rabois business career really started when he was hired by PayPal in November 2000. Though he would leave the company two years later, the success that Rabois had at PayPal would set the stage for much of Rabois’s business success. 

Rabois served the company as the Executive Vice President of Business Affairs, Public Affairs, and Policy. This was a critical time in PayPal’s history: The company went public in February 2002. In October 2002, the company was purchased by eBay for $1.5 billion. Rabois left shortly afterward. 

LinkedIn

Rabois next major career stop was at LinkedIn, the company that was founded by a fellow PayPal Mafia member, Reid Hoffman. Rabois would work there from January 2005 – May 2007. His role as Vice President of Business and Corporate Development. 

Rabois’ own LinkedIn profile notes that the company’s user base multiplied by ten during his time with the network. He lists his accomplishments as having created new corporate advertising streams, LinkedIn Answers, and public profiles. 

Slide

In May 2007, Rabois served as the Executive Vice President for Business and Corporate Development of Slide. Slide was founded by fellow PayPal Mafia member Max Levchin. Slide was a social gaming company. During his time there, Rabois managed the company’s relationships with other social media giants of the time, including Facebook and MySpace. He also ran a variety of corporate departments, including development, strategy, and communications.

Rabois left the company when it was sold to Google in August 2010. The company was sold for $182 million, not including money spent on retention bonuses. 

Square

Rabois’s next stop was Square, the payment processing company, where he served as the company’s Chief Operating Officer. He served in that role from August 2010 – February 2013.

Rabois’ time at Square was cut short by the threat of a sexual harassment lawsuit. According to published reports, a boyfriend of Rabois threatened to sue him for sexual harassment. Rabois admitted that he encouraged the individual to apply for a job at Square, but said that he had nothing to do with his hiring. He called the lawsuit a shakedown and said he was investigating legal and criminal options.

Khosla Ventures

Khosla Ventures marked Rabois’s first formal entry into venture capital, although he had made investments and guided others on the subject in the past. He made numerous successful investments during his time at the company. Rabois stayed there for six years, making his time at Khosla the longest position he had held in his working career.

Founders Fund

Rabois joined the Founders Fund in 2019. His role at the Founders Fund was that of a general partner. The move reunited Rabois with Peter Thiel, co-founder of PayPal, and former member of the PayPal Mafia. 

As part of his role at the Founders Fund, has made it clear that it plans on acquiring similarly situated companies and expanding its business footprint. In November 2021, Rabois announced that he had raised $75 million to purchase Shopify businesses. These Shopify purchases would allow OpenStore, a Rabois-backed business, to purchase merchants that used the Shopify platform. 

What is Keith Rabois known for?

PayPal Mafia

Rabois is one of the more successful American businessmen of the past two decades, and like many others, he owes that success to his membership in the so-called PayPal Mafia. This is the group of men that worked at PayPal from its founding to its eventual sale to eBay. Many have gone on to become wildly successful businessmen, and Rabois is one such example.

Furthermore, the relationships that Rabois built during this time proved critical to his future business success. He would repeatedly return to the relationships he built during this time, working with Peter Thiel and Reid Hoffman, among others. 

Startup Success

Rabois’s time with a variety of corporations and investments that he led during his time at Clarium Capital, Khosla Ventures, and the Founders Fund proved highly profitable. His investments included Opendoor, DoorDash, Scribed, and more. 

Rabois parlayed his business expertise into time with other businesses. He served on the boards of many other companies, including Yelp and Xoom. He was also involved in the founding of other businesses, including Opendoor and the Alliance of American football. 

Keith Rabois: Marriage, Divorce, Children, Personal Life

Net Worth

Rabois has a very high net worth, totaling at least $1 billion. He has been involved in a variety of highly successful business launches and IPOs. 

Marriage

Rabois married his husband, Jacob Helberg, in 2018. 

Children

Rabois and Helberg have no children.

Keith Rabois: Awards and Achievements

Keither Rabois has not won any awards that have been noted in his biography or other official sources. 

Keith Rabois: Published Works and Books

Keith Rabois has not published any books.

Keith Rabois: Quotes

“Formula for startup success: Find large highly fragmented industry w low NPS; vertically integrate a solution to simplify value product.” – Tweet from Rabois, 6/2/2017

Keith Rabois – Complete Biography, History, and Inventions FAQs (Frequently Asked Questions) 

Who is Keith Rabois?

Keith Rabois is an American businessman, a member of the PayPal mafia, and one of the more successful start-up businessmen in the country. He is also a highly successful investor and venture capitalist.

What is Keith Rabois known for?

Rabois is known for being a member of the PayPal Mafia and his time at some of the 2000s most successful business start-ups. This has included LinkedIn and Square. He has also had a great degree of business success with a variety of other companies, including Opendoor, Slide, and more.

Why did Keith Rabois leave Square?

Rabois left Square after being threatened with a sexual harrassment lawsuit. A suit was filed against Rabois by a former boyfriend who had been hired by Rabois after their relationship began. The two continued dating but kept their relationship quiet. The lawsuit would allegedly have stated that the affair was nonconsensual, and Rabois stated that he resigned in order to protect his career and reputation.

How much is Keith Rabois worth?

A 2014 estimate had Rabois’ net worth at more than $1 billion, and that number has likely only increased since then. Furthermore, Rabois is on the Forbes Midas List, the list of richest men in the United States. He is currently 37th on that list, thus implying a very high net worth. How old is Keith Rabois?

As of this writing, Keith Rabois is 52 years old.

When did Keith Rabois move to Miami?

Rabois and his husband, Jacob Helberg, moved to Miami in November 2020.

  • Available here: https://en.wikipedia.org/wiki/Keith_Rabois
  • Available here: https://www.linkedin.com/in/keith/
  • Available here: https://www.nydailynews.com/news/national/tech-titan-quits-square-gay-lover-dangles-harass-suit-article-1.1248802
  • Available here: https://therealdeal.com/miami/2020/12/17/tech-investor-keith-rabois-pays-record-29m-for-venetian-islands-home/
  • Available here: https://www.forbes.com/profile/keith-rabois/?sh=72f70e2521cf
  • Available here: https://www.forbes.com/sites/alexkonrad/2021/11/17/openstore-keith-rabois-raises-75-million-shopify/?sh=79ba4ea83bea
  • Available here: https://medium.com/@rabois/investments-led-khosla-ventures-ebe1cfc3ead2
  • Available here: https://www.forbes.com/sites/ericsavitz/2013/01/25/square-coo-rabois-resigns-amid-sexual-harassment-charge/?sh=4b8b5efb4982
  • Available here: https://techcrunch.com/2010/08/04/google-buys-slide-for-182-million-getting-more-serious-about-social-games