Max Levchin

Tech start-ups are not happy with this provision in the GOP’s tax reform plan

One of the best recruiting tools that a start-up can offer is stock options. Many young companies don’t have the cash to attract new talent–and plenty of big companies want to offer something more than just a salary to their employees. People like to have some equity in the firms they work for and …

Exponential Finance Conference

Recode Daily: High-profile VC Steve Jurvetson steps down from DFJ during a sexual harassment investigation

Plus, 30 governments — not just Russia — have been caught spreading disinformation online, Qualcomm rejects Broadcom’s takeover bid and Lord & Taylor throws in with Walmart.com.<p><b>Steve Jurvetson stepped down as a partner at his own venture capital firm after allegations of sexual harassment</b>; he’s the …

Silicon Valley

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 …

Exponential Finance Conference

Pivot Or Die: Why The Most Important Lesson About Success Is Not Holding On But Letting Go

You may not want to admit it but the key to finding the path to success lies in a path you haven't yet found.<p><b>"The future is there... looking back at us... trying to make sense of the fiction we will have become." William Gibson</b><p>When I started my first business I believed that changing course was a …

Exponential Finance Conference

Silicon Valley is trying to stop the U.S. Senate from taxing employees’ stocks while their companies are private

Even the mere possibility of a stock tax drew a sharp rebuke from leading companies and their investors.<p>Top Silicon Valley investors and leading companies like Airbnb and Uber are beginning to mobilize against the U.S. Senate’s tax reform bill, fearing a provision that would change how employees …

Silicon Valley

These 4 Companies Are Trying To Solve the Biggest Reasons You Can't Go Home For the Holidays

With a record number of people not taking off for vacations, these four companies offer unique solutions to ensure you'll be with your loved ones this holiday season.<p>Holidays can be rough.<p>Each year they start earlier and earlier, with the constant barrage of requests to buy gifts for the people we …

Personal Finance

LinkedIn's surprising list of the 50 hottest startups for job seekers names Uber as No. 1

LinkedIn released a list of the 50 most sought-after startups by job seekers on Thursday and it was chock full of surprises.<p>The first surprise was that Uber landed as the No. 1 most desired company by job seekers, despite its very public meltdown in 2017 that led to the resignation of its CEO, …

Startups

One Man's Quest to Cure Diabetes 2

<b>After leaving Finland for California, Sami Inkinen pushed himself to the limits as a triathlete and an entrepreneur. His real-estate site Trulia became a big winner. But his latest venture, a new online medical clinic, is a lot riskier—and potentially far more lucrative.</b><p><i>This article appeared in the</i> …

Entrepreneurship

All-new Affirm app aims to be an alternative to traditional credit cards

The new app features a clean design, easy-to-understand fees, and more.<p>Credit cards are both awesome and terrible at the same time. They can be crazy …

Android News

Affirm launches app to break purchases into monthly payments

Affirm is rolling out an app to make it easier to pay for large purchases in monthly payments. The concept has been in beta testing and it is now being made available widely.<p>The company was started by PayPal co-founder Max Levchin. He believes that his business promotes better fiscal responsibility …

Startups

Affirm Wants To Move Beyond Simple Lending to Provide Financial Advice

CEO Max Levchin says company has lent over a billion dollars to date<p>By<p>Rolfe Winkler<p>Rolfe Winkler<p>The Wall Street Journal<p>Biography<p>@RolfeWinkler<p>Google+<p>Rolfe.Winkler@wsj.com<p>LAGUNA BEACH, Calif.—Online financial services company Affirm Inc. wants to move beyond simple lending to provide financial advice …

Exponential Finance Conference

Max Levchin on the Future of FinTech, Equifax and Bitcoin

October 18th, 2017, 6:18 PM UTC<p>Max Levchin, chief executive officer of Affirm and co-founder of PayPal, discusses the future of financial technology …

Business

JP Morgan has acquired US fintech startup WePay

JP Morgan has splashed some cash on fintech, acquiring US online payments provider WePay.<p>Seven-year-old WePay, which is backed by PayPal co-founder …

FinTech

Bloomberg Markets: Balance of Power 10/18/2017

Bloomberg Markets: Balance of Power<p>October 18th, 2017, 8:49 PM UTC<p>Guests include: Max Levchin, PayPal's co-founder, David Shambaugh, George …

Bloomberg Markets

Affirm CEO: Credit Security Is Centuries Behind

Exponential Finance Conference

Fireside Chat with Max Levchin of Affirm

In an exclusive event for the Caltech Community, Max Levchin, the Co-Founder and former CTO of Paypal and the current Chief Executive of Affirm, is …

Exponential Finance Conference

The Unimprovable Awards: Tech’s Tastemakers Pick Their Favorite Things

No updates required<p>Photography by Grant Cornett for the Wall Street Journal<p>Scroll<p><b>A HOME FOR THE ROAD: AIRSTREAM CLASSIC TRAILER</b><br>“The Airstream is an icon of Americana, a classic symbol of the great outdoors. In 1929, Airstream founder Wally Byam built a tent on a Model T base, only to find out it …

Exponential Finance Conference

The Top 7 Biggest Crowdfunding Sites by Money Raised

The top 10 equity crowdfunding sites (What is equity crowdfunding?) have raised over $100M to fund their own operations. The race is on and these …

Venture Capital

This startup wants to change how we borrow money

Almost 40 percent of American households have some kind of credit card debt. A new startup called Affirm wants to provide an alternative. The company partners with stores to offer customers loans for big purchases, like a mattress or a bike. When it's time to buy, you take out a loan through Affirm …

Exponential Finance Conference

10/02/2017: One startup's alternative to credit card debt

An in-depth conversation with PayPal co-founder Max Levchin on American debt and his new startup, Affirm.

Business

Podcast 120: Scott Robinson of Plug and Play Fintech

Fintech entrepreneurs starting out today have many options to help them grow their business. One of those options is to enter an accelerator program, …

Startups

ICOs and what makes financial markets work

Initial Coin Offerings (ICOs) are the hottest thing in tech right now. Countless cases of founders raising tens or hundreds of millions of dollars …

Bitcoin

The Great Amazon-Walmart Showdown Is Coming, Says Tech CEO

PayPal cofounder and CEO of Affirm Max Levchin told BuzzFeed News that he is not "too worried" about Amazon becoming a monopoly, given the competition from Walmart and smaller retailers.<p>As retailers scramble to stave off competition from Amazon, one boldface name from Silicon Valley has yet to be …

Business

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

App That Paid Users To Exercise Owes $1.2 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 …

Technology (Australia)

Cryptocurrency investors worry about a bubble as Jamie Foxx and other celebrities jump on board

Actor Jamie Foxx became the latest celebrity to join the ICO bandwagon on Thursday when he promoted the token sale of Cobinhood, a free …

Jamie Foxx

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 …

Business

Apple, Google, Facebook and more speak out on DACA

Silicon Valley once again is speaking out against President Donald Trump, this time over his plan to end the popular but controversial "Dreamers" program.<p>President Donald Trump has decided he will end DACA, a controversial Obama-era immigration program that offers undocumented immigrants who came …

Immigration

“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

The 30 Point Checklist to Accelerate Your Learning

<i>What follows is a true story with a hook, and a checklist to accelerate your learning at the end. It’s easy to talk about “accelerated learning” but</i> …

Elon Musk