Elon Musk will be giving a deposition to Twitter in Delaware next week, according to a court filing made on Tuesday September 20, 2022. 

The tech billionaire will be under oath as he answers questions from Twitter’s legal team from September 26 to 27. It is likely that the social media company will be looking for information on why the co-founder of Tesla decided to terminate the deal although Musk has repeatedly stated that his issue was with Twitter’s issues with spam and bot accounts. 

But Musk isn’t the only one to have received a subpoena. Banks like Morgan Chase, Barclays and Bank of America have seen some of their units receive subpoenas. Musk’s associates have also not been spared, with the likes of Peter Thiel, David O. Sacks and Marc Andreessen also receiving summons. 

Who is David O. Sacks?

David Oliver Sacks is a venture capitalist, entrepreneur and a part of the PayPal Mafia. He was born on May 25 1972 in Cape Town, South Africa but his family moved to the United States when he was five. 

Sacks attended Stanford University, graduating with an economics degree in 1994. Like Peter Thiel who went to law school, Sacks graduated from the University of Columbia Law School in 1998. 

A year later, he dropped his job at McKinsey to go work at PayPal as the Chief Operating Officer and its product lead. Sacks a lot of the companies day to day operations from accounting to customer service to fraud operations and product management and design. PayPal was acquired in 2002 for $1.5 billion, the lawyer walked away from the company, opting instead to follow his own business interests. 

Arguably, Sacks has the most diverse portfolio amongst the PayPal mafia. After the eBay acquisition, he decided to produce and finance the film Thank You for Smoking, which was nominated for two Golden Globes in 2007. 

He founded Geni.com in 2006, a website for family members to collaboratively build out their family tree. It was acquired by MyHeritage in 2012. While working on Geni.com he also built Yammer, an internal communications tool for corporates in 2008. Microsoft acquired the software-as-a-service platform in 2012 for $1.2 billion. 

After his exit from PayPal, Sacks would often provide angel investments to several startups that were coming up in the aftermath of the dotcom bubble. He put in money towards recognisable brands like Uber, Postmates, Slack, SpaceX and Airbnb amongst others. 

In 2017, Sacks co-founded Craft Ventures with an initial fund of $350 million. By 2021, the total assets managed by Craft Ventures was $2 billion, according to a Medium post from the company. 

Most recently, Sacks has gone back to his love for producing films, and has been one of the financiers behind the film Dali Land, the story of Salvador Dali and his tempestuous marriage to his wife Gala.