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How I Built This with Guy Raz
PayPal: Max Levchin (June 2022)
Mar 3, 2025
Max Levchin, co-founder of PayPal and founder of Affirm, shares his journey from Soviet Ukraine to Silicon Valley's tech scene. He discusses the formation of PayPal with notable figures like Elon Musk and the challenges they faced, including Musk's ouster as CEO. Levchin reflects on the intense work culture and pivotal moments in the company's rapid growth, driven by innovation. His transition to entrepreneurship after PayPal's acquisition by eBay showcases his relentless drive to create impactful fintech solutions.
01:23:31
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Quick takeaways
- Max Levchin's early life in Ukraine shaped his resilience and passion for technology, driving his eventual success with PayPal.
- PayPal's evolution highlighted the necessity of adaptation in business, transitioning from a focus on Palm Pilot to a web-based model.
Deep dives
Max Levchin's Early Life and Journey to the U.S.
Max Levchin was born in Ukraine during the Soviet era to a family facing significant challenges, including persecution of Jews. His grandparents were physicists who survived harsh conditions, which instilled a strong emphasis on education within his family. After immigrating to the United States in 1991, his family struggled initially, but both his parents found jobs, and Max quickly adapted to school despite language barriers. Levchin's early exposure to programming began when he helped his mother learn to code, igniting his passion for technology.
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