Max Levchin

App That Paid Users to Exercise Owes Nearly $1 Million for Not Paying Users to Exercise

In the capitalistic nightmare we live in, everything has to be a transaction. So, when Pact launched its fitness app that let you make money for …

Exponential Finance Conference

How convertible notes drive founders away from emerging ecosystems

Recently, Crunchbase published a new case study on early-stage funding including the different types of deal structures, priced (equity) and unpriced (convertible notes or SAFES). The post was a useful, if very high level, overview of the early-stage funding process. However, due to this …

Venture Capital

“In order to jump off the cliff, you have to really believe you can assemble a plane on the way down”

Finally! Episode number two of our epic new podcast “Beyond the Series B: How the Giants of Silicon Valley Made It” is here.<p>And it’s a doozy.<p>This …

Silicon Valley

Walmart in Talks With Finance Startup Affirm to Offer Loans to Customers

Walmart Stores Inc (WMT) is in talks with financing startup Affirm Inc to use its services to offer installment loans to customers with limited …

Banking

Flo raises $5 million for its AI-powered period-tracking app

Flo, an app that tracks women’s health from periods to pregnancy, announced today funding of $5 million. The round was led by returning investor Flint Capital, with participation from model and activist Natalia Vodianova and other angel investors.<p>Women can download the app on both iOS and Android …

Startups

Unity adds Max Levchin and Robynne Sisco to board as it readies for IPO

Unity Technologies has named tech veterans Max Levchin and Robynne Sisco as the company’s first independent directors. Unity CEO John Riccitiello said the move is necessary if Unity is to prepare itself for an initial public offering in the future. Riccitiello said in an exclusive interview with …

Startups

Here’s How PayPal Became the Internet’s Largest Payment System

Elon Musk played a part and now Venmo is keeping it strong.<p>PayPal is the global online payment system that helps individuals and businesses make electronic money transfers. The company played a crucial role in the development of e-commerce by serving as the world’s first digital wallet — a …

Banking

TransferWise links with Apple Pay globally

NEW YORK (Reuters) - Financial technology startup TransferWise will allow users around the world to send money internationally through its service using Apple Pay, in a bid to make transfers easier and more secure.<p>The London-based money transfer company said on Thursday that it was joining with …

FinTech

Tech leaders speak out against Trump ban on transgender troops

Salesforce and the CEO of Google are among the first tech leaders to publicly speak out after President Trump's announcement Wednesday to ban …

Politics

May/June 2017: The Future of Everything

Does Amanda Nunes have what it takes to stay on top in an unforgiving, unpredictable and constantly evolving sport?<p>From Silicon Valley startups to the U.S. Department of Defense, scientists and engineers are hard at work on a brain-computer interface that could turn us into programmable, debuggable …

U.S. Department of Defense

Google can take on Amazon's cloud dominance: PayPal co-founder

Tech companies are increasingly becoming more mobile and cloud based. According to Affirm and PayPal co-founder Max Levchin, Google’s (GOOGL) best bet to rival Amazon (AMZN) is through the cloud services business.<p>In his opinion, Google should diversify and focus on its cloud storage services as a …

Exponential Finance Conference

The Strange Sexism of Period Apps

From heteronormative language and pink flowers to major privacy concerns, these apps are letting us down.<p>A few months ago, I got an invite from my friend Holly to start using Eve, a fertility tracking app for "savvy" gals who "just want to track their cycle and have fun," as the app says. An …

Exponential Finance Conference

Transferwise aims to kick off a new fundraising to take its value above £1bn

TransferWise, the six-year-old British payment transfer startup, is aiming to kick off a new fundraising round which would see its value exceed £1bn …

FinTech

Elon Musk buys back X.com domain from PayPal

Way back in 1999, well before SpaceX and Tesla, Elon Musk founded an online financial services company called X.com which, after merging with another …

Elon Musk

Elon Musk now owns X.com, the defunct domain of his second startup

That eventually became PayPal and made Musk a fortune<p>Elon Musk was a successful internet entrepreneur long before the first Tesla Model X rolled off the assembly line and SpaceX fired its first rocket into orbit. Now, Musk has reclaimed a bit of that internet history for himself by purchasing the …

Elon Musk

Stripe announces cooperation with Alipay and WeChat Pay

U.S online payments company Stripe announced today that it making a move towards China’s mobile wallet ecosystem by signing a cooperation agreement …

Banking

Bill Gates, Warren Buffett, and Oprah all use the 5-hour rule — here's how it works

In the article "Malcolm Gladwell got us wrong," the researchers behind the 10,000-hour rule set the record straight: Different fields require different amounts of deliberate practice to become world class.<p>If 10,000 hours isn't an absolute rule that applies across fields, what does it really take to …

Success

SaaStr Podcast #132: Kurt Bilafer, CRO @ WePay on Why The 1 Metric You Have To Know Is “Magic Number”

Kurt Bilafer is the CRO of WePay, the most complete payments solution for platforms. To date, they have raised close to $75m in VC funding from some …

SaaS

Here Are 38 Amazing Immigrants Worth Celebrating On Independence Day

A reminder that often it’s the people who come to America that make America great.<p>PayPal cofounder Max Levchin is originally from Ukraine. Forever 21 cofounder Do Won Chang was born in South Korea. And former eBay president-turned-social entrepreneur Jeff Skoll started out in a far-off land called …

July 4th

Jack Dorsey Goes After Max Levchin’s Consumer Lending Business

Square’s Affirm-like installment loans are designed to help its merchants get paid—fast.<p>Shoppers love to browse online, but somewhere between filling up their cart and checkout, they change their minds. In 2016 alone, consumers left $4.6 trillion of merchandise abandoned in their carts, according …

FinTech

Microlender Affirm Offers a Way to Buy Pricey Gadgets on Credit

The glossy, internet lender wants to streamline the process.<p>In America, it’s pretty common to take out a loan to buy a car, or a house, or college …

Exponential Finance Conference

How the PayPal Mafia Reaches Into Every Corner of Silicon Valley -- The Motley Fool

The self-titled PayPal mafia was forged during the creation of the online-payments giant. This group of alumni continues to drive innovation through …

Silicon Valley

Ex-Googler Gets Backing of Silicon Valley Investors Thiel, Levchin to Build ‘the World’s Most Badass Recruitment Engine’

With the rise of the gig economy, managing freelance workers can be difficult for companies comfortable with the traditional employer setup. Pete …

Startups

Paris deal decision expands Trump-Silicon Valley divide

Silicon Valley isn't happy with President Trump's decision to walk away from the Paris climate accord. Elon Musk said he'd leave advisory councils …

Silicon Valley

How Max Levchin Impressed His PayPal Co-Founder Peter Thiel

PayPal co-founder Max Levchin reflects on what made him a successful co-founder.

Startups

How Max Levchin Learned to Trust His Own Instincts

The co-founder of PayPal and Affirm reflects on a business breakup at one of his first startups--and how it taught him to 'just be comfortable with who you are.'<p><i>Max Levchin may still be most well-known as a member of the founding "PayPal Mafia," but that payments company is just one of his many</i> …

Exponential Finance Conference

This ex-Googler got backing from Peter Thiel and Max Levchin to build a LinkedIn killer

Pete Johnston's plan to build "the world's most badass recruitment engine" could put a dent in Microsoft's plans to wring money from LinkedIn's 500 …

Mark Cuban's Best Personal Finance Advice, in 1 Sentence

When to spend it, when to save it, and how to ask for it: Bobbi Brown, Max Levchin, Daymond John, and 19 other founders pass along the financial wisdom that led to their success.<p>Toni Ko thought she was on top of her company's finances. Then she woke up one morning in 2016 to find half a million …

Startups

PayPal co-founder: You can't trust banks

PayPal co-founder Max Levchin said people don’t trust traditional banks—especially millennials.<p>“They have reason not to trust,” Levchin told the FOX Business Network. “If you look at something like a deferred interest product where it’s truly too good to be true and you get caught off guard and …

Business

Unity, whose software powers half of all new mobile games, lands $400 million from Silver Lake

Unity Technologies, a 13-year-old, San Francisco-based company that makes development tools for video game creators, has raised $400 million in fresh funding from the private equity firm Silver Lake. A “big chunk” of the round went toward purchasing the shares of longtime employees and earlier …

Technology