At age 23, Max Levchin moved to Palo Alto, where some of his former startup cofounders lived.
One former cofounder recommended he talk to Peter Thiel, who was teaching a class at Stanford. Levchin wandered into Thiel's class and they struck up a conversation.
Thiel picked one of Levchin's business ideas and decided, over breakfast the next day, that he wanted to invest. That business became PayPal.
The summer of 1998 in Palo Alto was really hot.
Max Levchin, a 23-year-old recent graduate...