Quotes by Max Levchin - Page 1

Technology has come a long way since PayPal.
Max Levchin / Computer Scientist
Technology
Long
Long Way
Paypal
Way
Technology Long Way
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The single most important top-level trend is the shift to mobile.
Max Levchin / Computer Scientist
Important
Levels
Mobile
Trends
Shift
Trend
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Right now, nearly all the apps on Facebook take a week to build. No more.
Max Levchin / Computer Scientist
Apps
Right Now
Week
Nearly
Facebook
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The world is now awash in data and we can see consumers in a lot clearer ways.
Max Levchin / Computer Scientist
Consumers
Data
Way
World
Clearer
Ways
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Facebook is so ubiquitous now that it's like another manifestation of the web itself.
Max Levchin / Computer Scientist
Manifestation
Facebook
Ubiquitous
Web
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Ignore your mistakes. The number one thing to worry about is -Am I doing what I'm good at?
Max Levchin / Computer Scientist
Mistake
Numbers
Worry
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Mobile is the perfect example of what is enabling economic growth in the technology sector.
Max Levchin / Computer Scientist
Technology
Economic
Economic Growth
Enabling
Example
Growth
Mobile
Perfect
Perfect Example
Sector
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A classic engineering mistake and one I've made is confusing what is hard and what is valuable.
Max Levchin / Computer Scientist
Confusing
Engineering
Mistake
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I've been developing mobile for years before anybody else really thought it was that important.
Max Levchin / Computer Scientist
Developing
Important
Mobile
Years
Anybody Else
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You can't get married to any one particular plan. That is the biggest lesson I learned at PayPal.
Max Levchin / Computer Scientist
Lessons
Married
Particular
Paypal
Biggest Lesson
Get Married
Lesson
Plan
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Facebook and Myspace are the U.S. audience, which is tried and true when it comes to being susceptible to ads.
Max Levchin / Computer Scientist
Ads
Audience
Susceptible
Myspace
Facebook
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If I see what you're up to on Facebook but I don't see your updates on Flickr, I'll still care about Facebook.
Max Levchin / Computer Scientist
Care
Stills
Updates
Facebook
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Being an entrepreneur is not about being in love with an idea, it's about being in love with running a company.
Max Levchin / Computer Scientist
Running
Being In Love
Ideas
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I have this massive notebook called IDEAS and another one called PERSONAL IDEAS and another one called CRAZY IDEAS.
Max Levchin / Computer Scientist
Notebook
Crazy
Ideas
Massive
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We're all put on Earth for a limited amount of time. Am I using in a way that is great, or good enough, or wasteful?
Max Levchin / Computer Scientist
Earth
Good Enough
Way
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If you're building a social product, you're still living in the last century if your product doesn't work on Facebook.
Max Levchin / Computer Scientist
Building
Lasts
Social
Facebook
Work Living Your
Last Century
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I actually think Facebook made it their business to be close with all of the app developers. They couldn't have done more.
Max Levchin / Computer Scientist
Developers
App
Facebook
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The notion that diversity in an early team is important or good is completely wrong. You should try to make the early team as non-diverse as possible.
Max Levchin / Computer Scientist
Diversity
Important
Team
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Having a highly homogeneous background, education, values, preferences, etc, in the very early team is better than not - cuts down on time-wasting arguments.
Max Levchin / Computer Scientist
Cutting
Etc
Team
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You can have successful teams where people hate but deeply respect each other; the opposite (love but not respect among team members) is a recipe for disaster.
Max Levchin / Computer Scientist
Hate
Successful
Team
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PayPal once rejected a candidate who aced all the engineering tests because for fun, the guy said that he liked to play hoops. That single sentence lost him the job.
Max Levchin / Computer Scientist
Jobs
Engineering
Fun
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We're becoming slaves to our social networks - and that's not a bad thing. You like your favorite networks, so do you friends, and pretty soon you have market winners.
Max Levchin / Computer Scientist
Becoming
Social Network
Winner
Bad Thing
Networks
Social Networks
Winners
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Think of Slide as a giant media network for people to transmit information. The content that's in there now has been provided by users - it's whatever they want it to be.
Max Levchin / Computer Scientist
Media
People
Thinking
Transmit
Users
Content
Giant
Network
Provided
Slide
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If we compare the two, Facebook is currently a superior place to market a product like Slide. Twitter is more like a general distribution agent. It's like broadcast radio.
Max Levchin / Computer Scientist
Agents
Compare
Distribution
Radio
Two
Twitter
Agent
Currently
Broadcast
Facebook
Slide
Superior
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If the game designer produces more content than he can consume per month, some fraction of the people will say more quests, more tests, more challenges, more whatever, and they will be compelled by it.
Max Levchin / Computer Scientist
Challenges
Compelled
Designer
Games
People
Month
Consume
Fraction
Per
Produces
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You are not designing for yourself, and shouldn't be. Most people using the Web don't understand (most of) what makes it work and don't want to. Design for those people. There are many more of them than you.
Max Levchin / Computer Scientist
Design
People
Want
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You're going to pull out your phone and try to use whatever is the most appropriate app on your iPhone or your Android device. Yelp saw that very early on. And when we launched the mobile product, we saw immediate growth, and we were stunned.
Max Levchin / Computer Scientist
Appropriate
Growth
Iphone
Mobile
Phones
Stunned
Android
App
Device
Phone
Immediate
Pull
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Media is very different from financial services. People are very fickle and very vocal. They believe that things should be one way and not the other. It's still very rewarding to build products for huge audiences. It feels like you're making an impact.
Max Levchin / Computer Scientist
Believe
Fickle
Financial Services
Impact
Media
Vocal
Believe People Way
Rewarding
Services
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If you can work a brand successfully into the narrative of your product, then it's really cool. Then people actually take the brand up and say, 'My positive experience in your product is directly connected and influenced by this brand and that worked great.
Max Levchin / Computer Scientist
Narrative
People
Positive Experiences
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If you can work a brand successfully into the narrative of your product, then it's really cool. Then people actually take the brand up and say, 'My positive experience in your product is directly connected and influenced by this brand and that worked great.'
Max Levchin / Computer Scientist
Connected
Narrative
Directly
Influenced
Successfully
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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.
Max Levchin / Computer Scientist
Accuracy
Amount
Behavior
Certain
Human Behavior
Patterns
Used
Predict
Looking
Pretty
Did
Collaborative
Filtering
Machine
One Of The Things
System
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The very first company I started failed with a great bang. The second one failed a little bit less, but still failed. The third one, you know, proper failed, but it was kind of okay. I recovered quickly. Number four almost didn't fail. It still didn't really feel great, but it did okay. Number five was PayPal.
Max Levchin / Computer Scientist
Inspirational
Inspiring
Success
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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 entrepreneurship - 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.
Max Levchin / Computer Scientist
Entrepreneur
Goal
Thinking
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As I was getting interviewed by the Wall Street Journal, or some big pub guy, all I remember was that he went off to the bathroom for a second, and they brought out my omelet. The next thing I remember, I woke up, and I was on the side of my own omelet, and there was no one at Buck's. Everyone was gone. They just let me sleep.
Max Levchin / Computer Scientist
Guy
Sleep
Wall
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