max levchin: there already is.e are helping to push credit scoring and underwriting into the 21st century. emily: you spend a lot of time thinking about big problems that you can solve and you have been pretty outspoken about the lack of big innovation in silicon valley -- why aren't you working on flying cars and rocket ships? max levchin: i try to find places where i can add value. i don't know much about jet propulsion and engines. i am not sure rocket ships are my forte. i really like math. my idea of a good time, until very recently when i had kids, was still curling up with a book on probability theory. applying that passion and that love for numbers, to places where numbers can make a huge difference, such as consumer finance, health care. emily: you mentioned your kids. you are very passionate about your work and your hobbies. what kind of parent are you? max levchin: i hope i am a good parent. my number one worry these days is if i am as good a father as i can be. my wife has now determined that not only a

max levchin: how do you want to be rememberedmax levchin:?emily: how do you want to be remembered? max levchin: that he was around or at least helpful. emily: thank you for joining us today. great to have you. ♪ >> welcome to "money clip," where we bring together the best years and interviews. i'm pimm fox. here's the rundown. diplomacy in action -- european officials and u.s. secretary of state john kerry make a push for peace in ukraine. europe and greece remain at loggerheads. in company, we get physical -- under armour buys into the fitness app game and concern about the measles -- why the virus outbreak could get worse before it gets better. wall street is eager for ipo but

max levchin: it is.e are probably -- we're probably going to have 50,000 confirmed pregnancies by the end of the year. emily: you are doing some creative things that you hope will help revolutionize health care. max levchin: we are helping women conceive naturally, or stay out of conception if that is their goal, or helping them carry healthy babies to term across any form of health care. the number one cost is complicated pregnancy. they can cost upwards of $100,000. just carrying multiple babies to term is an incredible expense that employers bear. it has been the source of some controversy. aol was the last one to talk about million-dollar babies that are too expensive. i don't think it is in any way reasonable, but if we can prevent those costs by addressing the cause early, that is a lot of money saved, and a business model. emily: let's talk about where you are spending most of your time, trying to become the modern bank. max levchin: it is going really well. the best question to ask is your atm is

max levchin: yes, i am very worried. as an engineer, i always think through a solution -- it is not obvious that there is one. it seems to be at least somewhat contained, but it is horrifying. emily: how does that affect you? max levchin: it makes me worry about people i grew up with. i don't feel like i can help the situation. a shot of cold water in a sheltered, beautiful place to try and change the world. emily: do you worry it could escalate into another cold war? max levchin: i think the cold war was largely a product of mistrust and disinformation, the lack of clarity between people. and between social media and the internet, that is not possible today. i think the conflicts are unearthed very quickly. we seem to be frequently resolve bethey still, sadly, seem to frequently resolved with guns and bullets, but long-term, passive-aggressive interactions between states are less frequent. emily: having lived there and here, who is to blame for the frostiness? max levchin: i feel like there is always -- we are the great

emily: how do you, max levchin, want to be remembered? ust want to make sure my kids say he was around and he was really fun. or at least helpful. emily: max levchin, thank you so much for joining us today on this edition of "studio 1.0." max: pleasure. emily: great to have you. ♪ >> tonight on "titans at the table," we talk football and the big apple. >> there will be a coin toss right here. >> with the man who is bringing it all together. jonathan tisch, co-chairman of the loews corporation and co-owner of the new york giants. tisch was born and raised in a new york family. in 1959, his family branched out and bought loews theaters. today, the loews corporation has $80 billion in assets that generate $15 billion in annual revenue with interest from everything in hotels, insurance, to oil and gas.

emily: how do you, max levchin, want to be remembered? ust want to make sure my kids say he was around and he was really fun. or at least helpful. emily: max levchin, thank you for joining us today on this edition of "studio 1.0." max: pleasure. emily: great to have you. ♪ ♪ emily: he's a modern-day silicon valley renegade. chamath palihapitiya is unafraid of breaking the conventional rules of engagement, vowing to take bigger risks, solve the biggest problems, and make money big-time. from putting chips in our clothes to starting a university from scratch. he is, perhaps, best known for supercharging facebook from 50 million users to 750 million users. but tech's growth legend started on an unlikely path in a country gripped by civil war. joining me today on "studio

emily: how do you, max levchin, want to be remembered? ust want to make sure my kids say he was around and he was really fun. or at least helpful. emily: max levchin, thank you so much for joining us today on this edition of "studio 1.0." max: pleasure. emily: great to have you. ♪ . . emily: he's been called the start-up whisperer of silicon valley. reid hoffman is the co-founder and executive chairman of linkedin, and an investor in some of the most successful companies of all time, including facebook. yet, the man with one of the most impressive resumes in silicon valley wasn't always on track to be an entrepreneur. a student of philosophy, hoffman at one point pursued a career in academia. but he took his first job out of school at apple, then later joined the now legendary paypal mafia. now a partner at greylock, hoffman sits on seven boards. he is the author of "the start-up of you," and now a new book, "the alliance."

emily: how do you, max levchin, want to be remembered? ust want to make sure my kids say he was around and he was really fun. or at least helpful. emily: max levchin, thank you so much for joining us today on this edition of "studio 1.0." max: pleasure. emily: great to have you. ♪ ryan: oleg tinkov is one of russia's most passionate cyclists. oleg: oleg tinkov is the man. he is number one. ryan: he is also one of its most prolific, patriotic, and outspoken businessmen. oleg: you have to go to war. then you have to go to the war. like with vietnam. maybe it was the wrong war, but you have to go. ryan: he is happy to weigh in on the extreme of russian business. oleg: if you would have been the u.s., you would have died already. even in an aggressive environment. it is normal for russia. ryan: after month changing him, -- after months chasing him we ,ot

emily: how do you, max levchin, want to be remembered? ust want to make sure my kids say he was around and he was really fun. or at least helpful. emily: max levchin, thank you so much for joining us today on this edition of "studio 1.0." max: pleasure. emily: great to have you. ♪ >> hi. >> good morning. >> tonight on "titans at the table" -- >> this place is gorgeous. i will be chatting with businessman turned environmental activist, tom steyer. he was born and raised in the financial capital of the u.s., new york city, but chose to open his company in san francisco. he founded the company with $8 million, and by the time he stepped down, he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the world. his fortune is an estimated $2.6 billion.

joining me today on "studio 1.0" is paypal cofounder, max levchin. thanks for joining us. max: thank you for inviting me. emily: you were born in the ukraine. how much of a connection do you still feel to the people and the country? max: anytime i am told -- oh, you are russian, i feel the need to say, no, i am a jew who was born in ukraine. it is still a part of what defined me. i haven't been back in a long time. on occasion, i miss it. emily: what do you miss? max: the people are very genuine. they don't pretend to be anything they're not. emily: what would you be doing if you were still there today? max: probably writing code of some form. i probably would have started a company. more or less. emily: have you been following what has been going on their recently? are you worried about a civil war? max: yes, i am very worried. as an engineer, i always think through a solution -- it is not obvious that there is one. it seems to be at least somewhat contained, but it is horrifying. emily: how does that affect you? max: it makes me worry about people i grew up with. i don't

but many years ago, max levchin had no country to call home.oviet union, and ever the entrepreneur, built a new life in america. joining me today on "studio 1.0" is paypal co-founder and affirm ceo, max levchin.

many years ago, max levchin had no country to call home.ed the soviet union, and ever an entrepreneur, built a

max levchin is one of silicon valley's most iconic and serial entrepreneurs.played a role in some of tech's biggest successes, from yahoo! to yelp. today, you can find him in his innovation lab, tackling issues like fertility, health care, and banking. but many years ago, max levchin had no country to call home. he fled the soviet union, and

but many years ago, max levchin had no country to call home.oviet union, and ever the entrepreneur, built a new life in america. jo

many years ago, max levchin had no country to call home.he soviet union, and every entrepreneur, build a new life in america.

intersection of kind of interesting business models or business technology -- things like big data -- max levchinr a willingness to just think super big, with risk as not a variable, elon. right? >> what do they call you for? >> laughs. no. [laughter] >> i've heard you are kind of funny. >> occasionally. i don't know. other people are funnier. a view of the valley. like, ok, i'm thinking about x, who are the right people to talk to about x? >> you were instrumental in the sale to ebay for $1.5 billion, 2002. looking back, was it the right decision? i mean, ebay and paypal have had an interesting year. some other members of the paypal mafia think they are better apart. >> it was absolutely the right decision at the time. and we made it collaboratively. and part of the reason was because to really get to the right kind of level of mass of the payments transaction system, it required a much closer connection with ebay. now that it has gotten to a certain level, you can say, look, is it better inside or outside? one could make good arguments both ways. the argument with is, for example, actually, in

. >> do not miss the full interview with max levchin. etsy has filed to go public.of their core sellers are not thrilled. we broke the story and sellers expressed their outrage in blogs, forums, and imprison gatherings. yes, they are real people, too. why are they ticked off? we spoke with some san francisco sellers to find out. >> stuffed owls dressed like hipsters are rebecca's thing. she spends five hours decorating and sewing each of them by hand. she sells them for $50 apiece on etsy. >> etsy was the perfect platform for may. they were doing their part to gain customers and elevate the experience of handmade. >> that is, she says until etsy became more corporate. >> they made some changes that caused a weird shift in the ecosystem. >> 16 months ago, etsy allowed sellers to use manufacturers to produce en masse. the goal was to allow sellers to expand their businesses at greater scale. the new policy has made it harder for consumers to find her pillows and compete on price. why not just use a manufacturer to compete? >> etsy sellers have this extreme emotional c

i worked with max levchin. when i saw the side project from the u.k. had been working on i decided to start a new company. charlie: what is the idea of "hello" and sense? i guess we should talk about crowdsourcing too. james: our initial launch was a kickstarter campaign. what we think is, we invent the alarm. charlie: but kickstarter sent you about $2 million? james: $2.4 million. charlie: in denominations of what? james: it was $99 on average. charlie: $2.4 million in denominations of $20? no, $100. and, what do you owe to the people who send you the money? james: the product. charlie: they want to see you succeed, because they believe you have a good idea that will benefit you and humanity. so what is the product? james: it is a simple system to understand how you are sleeping, but also what is going on in your bedroom. and then reinvent the alarm as a smarter alarm, so you wake up feeling good. charlie: how does it work? james: it is a two-part system. this is on your bedside table. charlie: lots of sensors in there? james: things like light, sound