Last week we heard about the origin story of papow and all the characters who helped build it, including read hoffman, peter teal and elon musk al. This week we hear how max lebchin regained his sense of purpose after losing himself in the long shadowf pay pal. He eventually built a firm that's changing how we buy things on credit. And if you miss last week's episode, please go back and start there before continuing with this one.
After PayPal sold to eBay in 2002, Max Levchin could have relaxed on a beach for the rest of his life. But that’s not the kind of person he is. He isn’t happy unless he’s coming up with new ideas and building companies – so much so that he actually fell into a dark place after leaving PayPal. He didn’t fully find himself until years later, when he rediscovered his passion for the “hard, valuable, fun” problems of fintech. Now, Max runs another billion-dollar company: Affirm, a “buy now, pay later” service that’s transforming how we purchase things on credit. This is the second part of a two-part conversation with Max; to hear the story of PayPal, be sure to listen to part 1!
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