![]() Check out previous episodes with:Īnd a "Master Class" episode on leadership advice from our guestsįollowing is a transcript, which has been lightly edited for clarity. Subscribe to "Success! How I Did It" on Apple Podcasts, Google Play, RadioPublic, or your favorite app. He now spends most of his time at Affirm, which offers small loans but doesn't charge any penalties or fees. ![]() He has since gone on to launch a bunch of startups - and his girlfriend got back together with him. On this episode, Levchin talks about his failures before PayPal and how he stumbled into a product that fit the market. He also really struggled to find himself after the acquisition, so much so that his girlfriend dumped him. "I had the embarrassment factor of having our HR head, who was still there, take me aside and say, 'Hey, I just want to remind you: You quit, right?'" Levchin said in an interview on Business Insider's podcast, "Success! How I Did It." He had cofounded the company with Peter Thiel and built it into a Silicon Valley success with the help of Reid Hoffman and Elon Musk.Īfter the sale, all four left the company. When PayPal was sold to eBay in 2002, Max Levchin didn’t know what to do with himself. Levchin grew up in Ukraine in a family of scientists he learned how to code using pen and paper. He is now the CEO of Affirm, an online lending service. PayPal went public and was sold to eBay in 2002 for $1.5 billion. Max Levchin founded PayPal with Peter Thiel in 1999, and it grew with the help of Elon Musk and Reid Hoffman.
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