7

Master the Pivot

I’m so glad you made this mistake. Because I want to run a company where we are moving too quickly and doing too much, not being too cautious . . . If we don’t have any of these mistakes, we’re not taking enough risk.

—Larry Page, Google CEO, to a Google executive who made a multimillion-dollar blunder

MAX LEVCHIN, COFOUNDER of PayPal, majored in computer science during college, where he developed an intense interest in security and encryption technology. Soon thereafter, Levchin wrote a software package running on a PalmPilot to replace the handfuls of password-generating devices that IT administrators carried around (one for each secure computer or system). After receiving hundreds of downloads and offers to develop more ...

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