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Max Levchin co-founded PayPal, and stayed with the company through its IPO and sale to eBay. Clearly, Levchin has experienced building a startup in a very competitive sector. Now he finds himself in yet another crowded sector - photo sharing. I asked him if he's applying any lessons he learned from his PayPal days. He said that what's he learned is that having an idea is 2% of what it takes to win, 98% is execution.
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