Skip to Main Content
Founders at Work: Stories of Startups' Early Days
book

Founders at Work: Stories of Startups' Early Days

by Jessica Livingston
January 2007
Beginner content levelBeginner
472 pages
16h 43m
English
Apress
Content preview from Founders at Work: Stories of Startups' Early Days

CHAPTER 1Max LevchinCofounder, PayPal

imagePayPal was founded in December 1998 by recent college grad Max Levchin and hedge fund manager Peter Thiel. The company went through several ideas, including cryptography software and a service for transmitting money via PDAs, before finding its niche as a web-based payment system. That service became wildly popular for online vendors, especially eBay sellers, who preferred it to traditional payment methods. PayPal went public in early 2002 and was acquired later that year by eBay for $1.5 billion.

PayPal was started during the Internet Bubble, but it was in no sense a Bubble startup. Its success was a direct ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Communicate with Teams More Effectively

Communicate with Teams More Effectively

Charles Humble

Publisher Resources

ISBN: 9781590597149Purchase book