How rich is Max Levchin?
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He attended Mather High School and after that earned his bachelor in Computer Science in the University of Illinois at Champaign Urbana in 1997 and co-founded two businesses that made Internet-tools, Net Meridian Software and Sponsor Net New Media. In 1998, Levchin founded Fieldlink with John Bernard Powers (who left the firm soon afterwards) and Peter Thiel. After altering the company name to Confinity, they developed a favorite payment merchandise called PayPal. PayPal Inc. went public in February 2002, and was later acquired by eBay. Levchin’s 2.3% position in PayPal was worth about $34 million at the time of the acquisition. In 2002, he was named to the MIT Technology Review TR100 as among the top 100 innovators on the planet below the age of 35, along with Innovator of the Year. He’s chiefly known for his contributions to PayPal’s anti-fraud attempts and can also be the co-originator of the Gausebeck Levchin evaluation, among the very first commercial implementations of a CAPTCHA. In 2004, Levchin founded Slide, your own media-sharing service for social networking sites like MySpace and Facebook. On 26 August 2011, Google announced it was shutting down Slide, which Levchin was leaving the firm. In 2004, he helped begin Yelp, an on-line social networking and review service. He’s their biggest stockholder, owning more than 7 million shares by 2012. Since Yelp’s foundation in July 2004, he’s served on their Board of Directors as Chairman. In late 2011, Max Levchin began a business called HVF (standing for Tough, Precious, and Fun) that was designed to research and fund jobs and businesses in your community of leveraging information, including information from analog detectors. In early 2012 Affirm was spun from HVF, using the aim of creating another generation credit network. In 2013, HVF found Luminescence, an infertility program that helps couples conceive naturally.