Every Sand Hill Road VC rejected Confinity's early pitches
Max Levchin · PayPal: Max Levchin (Part 1 of 2) · Jun 13, 2022 · at 38:37
Max Levchin, co-founder of Confinity (which became PayPal), recalls attempting to raise institutional seed capital with Peter Thiel in Silicon Valley in 1998.
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“We ran out of venture capital, kind of the Sandhill Road, classic blue chip venture capitalist community very quickly. I think we were roundly rejected by 100% of those pitches. We drove up and down Sandhill Road and Got absolutely nothing.”
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