Wednesday, November 28, 2007

These young guys who have fortunes on the internet.

These last years, the Web has been the spot for very young people to express their creativity.
For some lucky and clever ones, what had begin as a little project had become a huge success story.

Two of the three co-founders of Paypal were 27 years old when they launched this system. Last semester, the buyings have increased of 34%, with 12,2 Md$.

Max Levchin was born in 1975. He is a Ukrainian-born American computer scientist and entrepreneur widely known as co-founder (with Peter Thiel) and former Chief technology officer of PayPal. Originally from Kyiv, Ukraine (then part of the Soviet Union), he moved to Chicago, Illinois in 1991. He received his bachelor's degree in computer science at the University of Illinois at Urbana-Champaign in 1997 and co-founded two companies that made Internet-tools, NetMeridian Software and SponsorNet New Media. In 1998, he founded Fieldlink with John Bernard Powers, which was later restructured to become Confinity and eventually PayPal. PayPal went public in February 2002, and was subsequently acquired by eBay. His 2.3% stake in PayPal was worth approximately $34 million at the time of the acquisition.He is primarily known for his contributions to PayPal's anti-fraud efforts and is also the co-creator of the Gausebeck-Levchin test, one of the first commercial implementations of a CAPTCHA. Meet him is this NerdTV interview.

Like Levchin, Luke Nosek, born in 1975 too, is another co-founder of PayPal and serves now as The Funders Fund Vice President of Marketing and Strategy. While at PayPal, Luke oversaw the company's marketing efforts at launch, growing the user base to 1 million customers in the first six months. Luke also created "Instant Transfer," PayPal's most profitable product. Prior to PayPal, Luke was an evangelist at Netscape. Luke has also co-founded two other consumer Internet companies, including the web's first advertising network, and has made a number of venture investments since 2000. Luke received a B.S. in Computer Science from the University of Illinois, Urbana-Champaign.


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