59 Quotes by Max Levchin

The only predictable thing about startups is their unpredictability

Building a startup is very much an endurance sport

<...> I think we didn't know what we were doing. I think the hallmark of a really good entrepreneur is that you're not really going to build one specific company. The goal—at least the way I think about entrepreneur- ship—is you realize one day that you can't really work for anyone else. You have to start your own thing. It almost doesn't matter what that thing is. We had six different business plan changes, and then the last one was PayPal.

For a long time, it was one of these things where—I was really much younger than now—my whole "brand" both to the investors and to our board members was this crazy Russian boy-genius who comes out and sprinkles magic dust on technology and things just work.

But between the founding and the actual PayPal, it was just this tug-of-war where it was like, 'We're trying this, this week." Every week you go to investors and say, "We're doing this, exactly this. We're really focused. We're going to be huge." The next week you're like, "That was a lie.

One of the things we did at PayPal was collaborative filtering and machine learning: looking at patterns of human behavior. We used it there to predict when people would try to cheat the system to get money. But you can predict pretty much any behavior with a certain amount of accuracy.

I actually think Facebook made it their business to be close with all of the app developers. They couldn't have done more.

Facebook and Myspace are the U.S. audience, which is tried and true when it comes to being susceptible to ads.

I'm trying to build something where people will go every day.