Max Levchin

With His Fintech Startup, PayPal Co-Founder Max Levchin Struggles to Match His Product to the Pitch. Why This Matters for You

The entrepreneur had some instructive remarks for anyone interested in combating criticism.<p>When questioned about the contradictions of his money lending startup, Affirm, at the CB Insights Future of Fintech conference last week, PayPal co-founder Max Levchin had an unusual response: "I profoundly …

Exponential Finance Conference

Fintech newcomer Brex launches credit card for startups

The company also announced that it's raised $50 million in new venture capital from Silicon Valley investors, including PayPal cofounders Peter Thiel …

Startups

PayPal Co-Founders Back New Credit Card for Startups

Losing gobs of money on a quest for hyper-growth and world domination might get you funding from venture capitalists, but it won’t get you a credit …

Startups

Where Max Levchin Is Finding Opportunity in Fintech

In early April, CB Insights published its quarterly report on global investment in fintech and the authors made a bullish prediction. They expect …

Exponential Finance Conference

Brex, a fintech startup that provides a credit card for startups and is backed by PayPal cofounders Peter Thiel and Max Levchin, raises $50M Series B led by YC

Startups

Thoughts on startups

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Startups

PayPal Co-Founder Max Levchin Raises $45 Million for Startup Affirm

Windows Phone

Mixpanel - San Francisco,

Almost 10 years ago, Suhail Doshi founded Mixpanel, a near-unicorn analytics startup, when he was practically fresh out of college. Doshi learned how to navigate the professional world straight from the CEO position, alongside co-founder Tim Trefren (who only recently turned 30). Before too long, …

San Francisco

Online fraud detection startup Sift Science raises $53M Series D led by Stripes Group; its previous investors include Alexis Ohanian, Marc Benioff, Max Levchin

Startups

Affirm financing is now available in brick-and-mortar stores

Affirm, a point-of-sale lending startup, has popularized the use of online installment loans to pay for big-ticket purchases like sofas and mattresses. <b>Now the company is bringing its technology into brick-and-mortar retail, starting with a dozen existing merchant partners, including Peloton and</b> …

Business

Paypal co-founder to speak at U of I commencement

Paypal co-founder Max Levchin is scheduled to deliver the keynote address at this year's spring commencement on the University of Illinois' Urbana-Champaign campus.<p>The (Champaign) News-Gazette reports that the school on Monday announced the 1997 Illinois computer science graduate's speech at the …

Silicon Valley

Zūm Raises $19 Million in Series B Funding, Grew 340% in 2017

<b>Spark Capital Leads Investment for Company Redesigning Transportation for Children and Schools</b><p>REDWOOD CITY, Calif., March 13, 2018 /PRNewswire/ -- …

Venture Capital

2 formerly obese economists who lost a combined 120 pounds in 18 months say 'meta-rules' were a key part of their success

"Unless it's a special occasion, never have seconds."<p>"During the week, always have salad for lunch."<p>These seemingly stifling directives are examples of so-called "meta-rules," and they're designed to help you figure out how to lose weight without losing your mind.<p>Christopher Payne and Rob Barnett …

Fitness

PayPal Exec Says ‘Very High Likelihood’ Bitcoin Will Become Popular Payment Method

PayPal’s chief financial officer, John Rainey, said that there is a “high likelihood” for BTC to become a popular payment option during an interview …

Cryptocurrency

PayPal Co-Founder Max Levchin on Gender Diversity in Silicon Valley

Affirm CEO Max Levchin, a co-founder of PayPal, discusses his experience with gender diversity in Silicon Valley. He speaks with Emily Chang on …

Silicon Valley

2 formerly obese economists lost a combined 120 pounds in 18 months — here are the best tricks they used

Rob Barnett calls it the "fateful conversation."<p>He'd just appeared on a video for Bloomberg, where he worked as an economist, to discuss a recent news event.<p>Barnett asked a fellow Bloomberg economist, Christopher Payne, "Did you see my latest video?"<p>"Yeah, I saw it," Payne said. "Good …

Weight Loss

The Founder of Paypal Says Being Healthier Comes Down to a Single Habit

This is Max Levchin's fitness mantra.<p><i>by</i><p><i>By Alyson Shontell and Shana Lebowitz</i><p><b>Max Levchin is a cofounder of PayPal and the CEO of online lending</b> …

Startups

How a 23-year-old Max Levchin got Peter Thiel to invest in his startup — which became PayPal — in under 24 hours

The summer of 1998 in Palo Alto was really hot.<p>Max Levchin, a 23-year-old recent graduate from the University of Illinois had just moved to the west coast, lured by two friends who were his former cofounders. The three of them had previously started a company that failed within a year.<p>Levchin …

Silicon Valley

PayPal Co-Founder Max Levchin Gave a Remarkably Honest Response to Accusations About His New Startup

Affirm lends money to make purchases. It's like a credit card, but less risky for customers.<p>The personal loans startup Affirm offers a straightforward proposition: Buy things now, pay for them later. The service is not so different from a credit card, but consumers take out individual loans instead …

Personal Finance

Max Levchin’s Affirm raises $200 million at a nearly $2 billion valuation

Affirm, the platform that helps consumers find financing, is getting some financing of its own.<p>The San Francisco-based company confirmed that it’s raising $200 million, led by GIC, a Singaporean sovereign wealth fund. Existing investors Khosla Ventures and Spark Capital are also …

Venture Capital

Consumer lender Affirm raises $200M at nearly $2B valuation

LendingClub may be floundering, but Affirm - which makes loans to consumers to pay for goods and services at more than 1.2K merchants - just closed a …

Business

Affirm Raises Another $200 Million, With Investment From Singapore's Sovereign Wealth Fund

Affirm, which offers instant loans for online purchases, said on Monday it has raised another $200 million in equity.<p>The San Francisco-based company’s Series E funding round was led by Singapore’s sovereign wealth fund GIC. It also had participation from Khosla Ventures, Lightspeed Venture …

Venture Capital

Startup Affirm Nears $2 Billion Valuation After Investment

Financial-technology startup Affirm Inc. said Monday that it raised $200 million in new equity as it battles larger players getting into its core business of lending to consumers for retail purchases.<p>GIC, a Singaporean sovereign-wealth fund, led the fundraising round, which gave a private-market …

Venture Capital

Insider Q&A: PayPal founder talks digital payments, bitcoin

SAN FRANCISCO (AP) — Max Levchin helped introduce the masses to the concept of a digital wallet when he co-founded PayPal in the late 1990s.These …

Technology

Affirm is raising up to $210 million, per a a Delaware filing.

Affirm, the personal credit startup led by PayPal co-founder Max Levchin, has filed a stock authorization form in Delaware that would allow it to …

Business

Before being known as PayPal, the company went by what name?

Founded in December 1998 by Max Levchin, Peter Thiel and Luke Nosek, the payment platform that would later become PayPal began as a Palm Pilot …

Peter Thiel

PayPal's Max Levchin: Blockchain 'Brilliant' But Undecided on Bitcoin

Max Levchin, co-founder of PayPal, has revealed that he is a big fan of blockchain technology, but is still making up his mind on bitcoin.<p>Speaking to …

Bitcoin

Affirm racks up $200 mln Series E

San Francisco-based <b>Affirm Inc,</b> a financial services firm, has raised $200 million in Series E funding, according to a source familiar with the …

Venture Capital

Senate’s GOP tax reform accused of destroying the incentive to work for startups

Joining an early-stage startup is risky: toiling for long hours at below market rates for a company that has a minuscule chance of hitting it big. To lure talented employees away from public companies and comfortable jobs, startup founders often have to dole out stock options. These options give …

Silicon Valley

Why Silicon Valley Startups Are Fighting Against a Provision in the Senate Tax Reform Bill

The measure would tax employees' vested stock options and hurt startups' ability to recruit talent.<p>Top Silicon Valley companies like Airbnb and Uber are fighting a provision in the Senate tax reform bill that would tax employees' vested stock options.<p>The measure, which was introduced last week, …

Silicon Valley