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Summary:

In Part II of his video interview, Slide Founder Max Levchin talks about PayPal’s turbulent early years, the delicate balance between platform owners and developers and his not-so-fond-memories of the advertising based business models. He talks about the lack of desire for big breakthroughs in society.

maxlevchin

In order to survive and continue playing on OPP, companies and developers need to think about how they add value to the platform, said Max Levchin, founder of Slide and co-founder of PayPal. OPP (no, not the song) means other people’s platforms.

Levchin has played on two platforms in his past lives; eBay was the reason why PayPal really took off, and later, Facebook helped Slide gain momentum. Levchin notes that the relationship between platforms and developers are “complicated” because of divergent business interests. “The platform judges you by what value you add to them,” he said.

In Part II of his video interview, he talks about PayPal’s turbulent early years and his perpetual fear of PayPal security being breached. From those tough years, and some straight talk from his wife, Levchin said that he learned how to “quit whining” and move forward.

In this conversation, Levchin laments the rise of advertising-based business models and explains why he chased what he calls the circus-business model. Needless to say, he is not a fan of the ad-based model. “I think advertising as a business model is fine, as it works for some people,” he quipped. “It is a scale business.”

Toward the end of the interview, he talks about the lack of desire for big breakthroughs in society. You’ll want to watch to the end.

Part II:

In Part 1 of the conversation, Levchin talked about his journey to the top.

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  1. omis.me » Max Levchin: What Startups Can Learn From PayPal & Slide Tuesday, November 9, 2010

    [...] I interview Max Levchin, co-creator of PayPal and founder of Slide. The videos — Part 1 and Part 2 – are posted here on GigaOM. In this two part interview, he offers some crucial tips and [...]

  2. Towards the end of the first video he says one of the greatest things I heard all last year: You should work on a big project and try to change the world to the better, even if it is a long and not so easy to exit path.
    Thank you Max for letting this out.

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