Archive for the ‘Max Levchin’ Category

Yelp Files For $100 Million IPO

Amit Chowdhry | November 18, 2011 | 447 views | 1 Comment
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Yelp is a local business review website that has filed for a $100 million IPO. Goldman Sachs, Citigroup, and Jefferies are working as the lead underwriters. However the San Francisco based company has not selected an exchange to be traded on. Yelp is using multiple classes of shares for the public offering.

Google Shuts Down Slide So Max Levchin Leaves

Amit Chowdhry | August 26, 2011 | 567 views | Add a Comment
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Google Inc. (NASDAQ:GOOG) acquired Slide about a year ago for $182 million. Now Slide is being shut down so Slide founder Max Levchin is leaving Google.

Quid Raises $10 Million In Series C

Amit Chowdhry | July 25, 2011 | 587 views | Add a Comment
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Quid is a quantitive analysis startup company that has raised $10 million in Series C funding from Atomico Ventures, SV Angel (Ron Conway’s investor fund), Founders Fund, Endeavour Vision, Infocomm Investments, and Charles Lho. PayPal co-founder Max Levchin joined Quid’s board of directors.

Listia Raises $1.75 Million

Amit Chowdhry | April 19, 2011 | 537 views | Add a Comment
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Listia is a website where people trade in their stuff for credits and receive trade it in for other stuff. Listia raised $1.75 million in a round of funding led by Andreessen Horowitz, SV Angel, Founder Collective, High Line Venture Partners, Max Levchin, Naval Ravikant, Alex Zubillage, and James Hong.

Max Levchin Becomes VP Engineering At Google After Slide Acquisition

Amit Chowdhry | August 25, 2010 | 1,700 views | 1 Comment
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Max Levchin was a co-founder of PayPal and was most recently the CEO of Slide.com. After Google bought Slide.com for $182 million plus $42 million in retention bonuses, Max Levchin became the VP of engineering at the search engine company.

WePay Raises $1.65 Million In First Round Of Funding From August Capital, Angel Investors

Amit Chowdhry | December 24, 2009 | 2,231 views | Add a Comment
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WePay, a startup where groups of people manage financial accounts has just raised $1.65 million in their first round of funding. August Capital and several angel investors were involved in the WePay funding. WePay can be used for invoice production, money collection, and transaction management.

WePay was founded by Boston College students Bill Clerico and Rich Alberman. The company has been moved to Silicon Valley ever since and has moved into Palo Alto’s University Avenue where Facebook used to be based. Interestingly WePay’s founders had a hard time finding funding out in Boston. The investors in Boston said that they were too much in the early stages. Y Combinator ended up accepting WePay.

WePay makes money by taking 3.5% from every transaction, similar to the PayPal business model. WePay is starting by partnering with small companies and professional groups. Some of the angel investors include Max Levchin (PayPal co-founder), Paul Buccheit, Ron Conway, Mark Goines, Angus Davis, Andrew McCollum, and Joe Campanelli.

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