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Now Available: Innovators Under 35 2013 See The 2013 List »

Max Levchin, 26

Innovator of the Year

PayPal

After emigrating from Ukraine to Chicago as a teenager, Max Levchin enrolled as a computer science student at the University of Illinois so he could create and break codes. He moved to Silicon Valley after graduation to start a company based on his cryptography passion. In 1999, he cofounded PayPal in Palo Alto, CA, which quickly became the Internets leading person-to-person payments processor. One in four transactions on eBay is settled using PayPals system for debiting and crediting checking accounts and charge cards. In February, the company went public, raising $70 million.As chief technology officer, Levchin not only manages servers that store encrypted data about the companys 15 million members but has led the development of an antifraud program called Igor, named after a Russian fraudster it helped apprehend in 2000. Igor monitors PayPals transactions for unusual behavior, alerting personnel to freeze suspicious accounts or head off cash en route to dubious destinations. The FBI has also enlisted Igor to combat wire fraud. Citibank and Bank One, and even eBay itself,have launched rival online payment services, but none has matched PayPals market share.

2002 TR35 Winners

Richard Barton

Internet and Web

Sergey Brin

Internet and Web

John Carmack

Entertainment

Josh Coates

Software

Paul Debevec

Entertainment

Shawn Fanning

Internet and Web

Justin Frankel

Internet and Web

Vinay Gidwaney

Software

Robert Guttman

Software

Travis Kalanick

Internet and Web

Lydia Kavraki

Software

Reiner Kraft

Internet and Web

Raymond Lau

Software

Max Levchin

Innovator of the Year

Pamela Lipson

Software

Rob Malda

Internet and Web

Steve McCanne

Internet and Web

Lou Montulli

Internet and Web

Kazuho Oku

Internet and Web

Larry Page

Internet and Web

Joseph Reagle

Internet and Web

Tim Tuttle

Internet and Web

Susie Wee

Internet and Web

Ethan Zuckerman

Internet and Web

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