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9102. Information - Paypal Gang - A group good at creating new things(2/2)

, yelp, yammer, spacex, etc. In 2011, the slide service was shut down by Google, and Levchin also resigned from Google and became an angel investor.

In Silicon Valley, there may be no one who is more popular than Max Levchin. From Paypal to Slide, he has created entrepreneurial miracles. Unlike many entrepreneurs, he prefers to constantly build a company and then sell it. This kind of person is very popular in Silicon Valley.

Known as entrepreneurial players, they are more like innocent and naughty children who keep making the toys they like according to their own wishes. When the novelty loses, they find a place to sell them and then go back to making new toys.

Chen Weiguang, a partner at blue run venture, said of him: "He is the boss of Silicon Valley. Venture capital investors often come to Max Levchin and ask, what are you working on recently? Do you need funds?"

max levchin himself also answered questions about entrepreneurship on quora. I will extract a few points for readers:

It's better to start a business with a partner than to start it alone, but you can't hire a co-founder, you can only impress him.

It is much better to find a team that is generally similar (background, education, values, other qualities, etc.) and you can save a lot of time in arguments.

Don't let bad blood arise between senior management groups. Once this happens, you need to mediate or arbitrate immediately.

If you are not sure about the candidates for the first 5-6 positions when you start a business, then there is no doubt that you are not ready to start a business yet.

Leading by example is the most effective way. If you want your team to work around the clock, it's best if you do the same, even if you're not actually involved in the team's tasks. It's a bit ridiculous, but it's true.

Raise funds through good stories or good results. Raise funds before launching the project or just after it is launched. Don't plan to raise funds long after the project is launched.

But what is levchin doing now? According to the American technology website gigaom, levchin has now opened a half-laboratory and half-incubator called hvf (hard, valuable, fun.). Currently, the company has hatched two

Projects, the first of which is the mobile payment company Affirm, and the second project is glow (which successfully raised US$6 million in June 2013).

Through glow, couples can record and track various important physical signals related to pregnancy, including menstrual cycle, morning temperature, time of last sexual intercourse, weight, psychological stress, and of course, the most important cervical mucus consistency. After entering the data,

Glow's built-in algorithm can calculate the best time for conception.

It is also worth mentioning that glow has a glow first community fund. Couples who have difficulty conceiving can continuously save money into this fund every month while preparing for pregnancy, with a monthly deposit of US$50 for 10 months. If after 10 months, glow

If it has not helped you successfully conceive, this fund will fund your follow-up examinations and treatments. However, Levchin is determined to position Glow's future as a health insurance company.

In addition, levchin is using glow to enter the domestic market. The company's core R&D team is set up in Shanghai and is currently recruiting founding team members. The positions include android development engineers, ios development engineers, product managers, product design, backend development engineers and QA, etc.

They all report directly to the Product VP or Technology VP. If you are interested, you can click here to submit your resume or send your resume directly to may.pan# (replace # with).

5. roelof botha

When PayPal went public and was acquired by eBay, Roelof Botha served as the former's chief financial officer. Later, Botha quickly joined Sequoia Capital, the top venture capital firm in Silicon Valley, as a partner of the company. Although Botha has always been out of the spotlight,

Indeed, there are board directors of many technology companies, including jawbone, eventbrite, evernote, mahalo, natera, square, tokbox, tumblr, weebly, unity, whisper and xoom, etc. Before Google's acquisition, he served as a director of youtube and meebo.

The author of "The Choice of Venture Capital: Who is the Next Billion-Dollar Company" interviewed 16 investment pioneers in the American venture capital community, telling their experiences in investing in the market and startups, as well as the legendary stories of the growth of startups. Among them

In the first chapter, the interview was with Roelof Botha. This interview can be summarized in one sentence: "For a startup to succeed, the key is to have pure motives and aim to solve a problem of interest."

6. Yelp CEO Jeremy Stoppelman, the largest review website in the United States

Stoppelman previously worked at Iron Man Elon Musk's online bank

When Stoppelman and Simmons told Levchin about their entrepreneurial idea, Levchin did not hesitate to become their seed investor, investing US$1 million at the time. This entrepreneurial idea of ​​Stoppelman and Simmons gave birth to Yelp, the largest review website in the United States.

Yelp once received an acquisition invitation from Google, and Apple's Qiao helped Stoppelman give up the acquisition invitation from Google, which led to Yelp's successful IPO in March 2012. Stoppelman has personally invested in many projects, including eventbrite, ntir technologies, pinterest, airbnb, and uber.

Among them, the valuations of Uber, the originator of taxi-hailing, and Airbnb, the short-term travel rental company, are still very high.

Stoppelman once accepted an interview question at an event: "What is your most important management secret, and who or where did you learn it from?" He replied, "I learned this from Paypal. I strongly support everyone.

Weekly 1-on-1 presentations. Sometimes, I feel like I’m the psychiatrist in the company, but I love listening, listening to their problems, both professionally and privately, and removing old ones and replacing them with new ones to keep our organization alive.”

7. Chad Hurley and Steve Chen (Chen Shijun), founders of YouTube, the world’s largest video website

c. In PayPal, Steve Chen met Chad Hurley and Jawed Karim. In 2005, the three of them co-founded the famous video website YouTube, which was sold to Google for US$1.65 billion only one year later.

After the acquisition, Chad Hurley and Steve Chen continued to focus on video social networking and started Mixbit, while Jawed Karim began to develop into an investor role and established Youniversity Fund. As you can tell from the name, it is a fund to support college students' entrepreneurship. In mid-2011, Chad Hurley and

Steve Chen acquired the social bookmarking website Delicious from Yahoo, aiming to continue to provide users with their favorite content through Delicious, making it more convenient and interesting for the website to save, share and explore the "most interesting" content on the Internet.

To sum up the YouTube entrepreneurial journey of these two people, it can be described in three words: the power of technology, the culture of engineers, and the belief in the Internet.

8.Keith Rabois, one of the “most important people behind the scenes” in Silicon Valley

Keith Rabois has worked in many companies founded by his former colleagues at Paypal, including linkedin, slide, square, ventures, and has personally invested in many good projects including tokbox, xoom, slide, linkedin, geni, room 9 entertainment, youtube, linkedin and slide

.

Last year, Labouise joined the mobile payment company Square and served as chief operating officer. Today, Square is valued at more than $1 billion, and Labouise himself is sometimes called one of the "most important people behind the scenes" in Silicon Valley.

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Keith Rabois has a great workplace motto: "Choose your boss, not your job."

9. david sacks, founder of corporate internal social network yammer

In 1999, David Sacks joined Paypal from consulting giant McKinsey. When it was acquired by eBay, Sacks served as Paypal COO. After leaving Paypal, Sacks pursued his movie dream and participated in the preparation of the Golden Globe Award-winning film "Thank You" as an independent producer.

"Smoking". In 2006, he founded an online genealogy service, which was acquired by MyHeritage in 2012. In 2008, Sacks founded the enterprise social network service tool Yammer. In 2012, Microsoft acquired Yammer for US$1.2 billion in 2012. In addition, it is worth mentioning

By the way, Sacks is also an angel investor in Uber.

When talking about the direction of entrepreneurship in an interview, Sacks believed that traditional technology is too mature and it is a bit unrealistic to break the monopoly of giant companies. Rather than looking for a place for oneself in a dense forest, it is better to go

To open up a territory outside the forest. I would rather choose to become an Uber than squeeze my head to become the next Facebook.

10. super angel dave mcclure

Before PayPal's IPO, dave mcclure joined the company as marketing director. In 2004, mcclure founded simplyhired.

McClure quickly became famous for providing advice directly to innovative companies and entrepreneurs in his blog. In 2010, he founded 500 startups, a business incubation and investment company in Silicon Valley. Its incubation and investment projects include twilio, wildfire, makerbot, sendgrid, credit

Karma, etc. Among them, the social media marketing company Wildfire Interactive has been acquired by Google for US$350 million, the 3D printing company Makerbot has been acquired by Stratasys, a giant in the same field, for US$400 million, and the cloud communication service company Twilio has been valued at US$500 million after the fourth round of financing.

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He also believes that consumer and small business Internet opportunities are far from over, and the argument that "it is difficult to obtain a large number of users" is even more wrong. Almost all Internet distribution channels now have more users than in the past, whether it is search

, social networks, mobile terminals, videos, localization, SMS, email, instant messaging, etc. In Asia, Latin America, the Middle East, etc., there are rapidly developing Internet and mobile Internet markets.

Paypal has become the company that has created the largest number of entrepreneurs in the history of Silicon Valley. Whether they are entrepreneurs or investors, they have jointly written an Internet legend. Although they no longer work together, the connection between the members of the "Paypal Gang" has never been interrupted.
Chapter completed!
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