levchin

This gave him the financial foundation & creditability to invest in Max Levchin and ultimately run PayPal.

According to Max Levchin their custom fraud detection system was the only reason they were able to stay in business.

I remember reading from Max Levchin (?) that a company should hire people exactly like them, culturally, early on.

A good version of it is to be found in Founders at Work, as told by Max Levchin (the nerd who mostly solved fraud for PayPal).

Worse, people like Peter Thiel and Max Levchin celebrate this and encourage other startups not to hire women and not to hire men who are even slightly different than themselves.

I think Peter Thiel and Max Levchin meant that literally...

We are based in San Francisco; founded by Max Levchin (founding CTO PayPal), Jeff Kaditz (CDO DeNA/ngmoco), and Nathan Gettings (founding CTO of Palantir); and building a team of exceptionally talented people to join us on our mission.

“That’s what Silicon Valley’s good for, and that’s what we’re doing.” Levchin is not young, so I guess his startup is DOA.

>Because of incumbent banks’ endless surcharges, late fees and other abuses, “there’s room for a product by young people for young people,” Levchin, 39, said in a phone interview this week.

I'd possibly agree with you, but, can you give references for the allegations about Thiel and Levchin?

It was founded in December 1998 by Max Levchin, Peter Thiel, and Luke Nosek, initially as a Palm Pilot payments and _cryptography_ company.

Fun fact: PayPal's founding CTO, Max Levchin, has since then founded Affirm[1], a credit startup that directly competes with this product.