The money transfer service company
Posted: Thu Jan 02, 2025 8:59 am
Processes payment for auction sites, online vendors, and other commercial users for a fee. Max Levchin and Peter Thiel founded PayPal in 1998. The former, a Chicago-based but Ukrainian-born computer scientist, had previously established three startup companies. He later sold them to Microsoft for $100,000 before graduating from college. As Max waited to close the deal, he was broke and took time to visit Silicon Valley.
Here, he stayed at his friend’s place, confused about what he would do vp audit email list with his life. During that time, he attended Peter Thiel’s lecture at Stanford University. Besides being a political activist, philanthropist, and businessman, Peter was a genius. Impressed, Max approached him and proposed a company to develop a library to encrypt licensable schemes. Peter was impressed with the idea and promised to invest seed money in the startup through his hedge fund.
Max and Peter named the company Field Link. Max later discovered a lack of demand for that level of security. Peter suggested the money storage idea, encouraging Max to develop “I owe you” (IOU, an informal document acknowledging debt), a cryptographically secure service. The service would be beamed from one user to the other through Palm’s inbuilt infrared ports. They named the company Confinity. Later, Max announced that users wouldn’t need a palm (a personal digital assistant or a type of handheld gadget popularly known as a palmtop computer).
Here, he stayed at his friend’s place, confused about what he would do vp audit email list with his life. During that time, he attended Peter Thiel’s lecture at Stanford University. Besides being a political activist, philanthropist, and businessman, Peter was a genius. Impressed, Max approached him and proposed a company to develop a library to encrypt licensable schemes. Peter was impressed with the idea and promised to invest seed money in the startup through his hedge fund.
Max and Peter named the company Field Link. Max later discovered a lack of demand for that level of security. Peter suggested the money storage idea, encouraging Max to develop “I owe you” (IOU, an informal document acknowledging debt), a cryptographically secure service. The service would be beamed from one user to the other through Palm’s inbuilt infrared ports. They named the company Confinity. Later, Max announced that users wouldn’t need a palm (a personal digital assistant or a type of handheld gadget popularly known as a palmtop computer).