‘Serial
entrepreneur’ says Marissa Mayer’s “ballsy” decision convinced him to join
Internet
giant Yahoo! has appointed PayPal co-founder, serial entrepreneur, angel
investor and computer scientist Max Levchin to its board of directors,
effective immediately. David Kenny and Brad Smith have stepped down from the
board to focus on their respective companies.
There are
now 11 directors on the Yahoo! board.
Levchin
has extensive experience building internet companies. He had also served as CTO
of PayPal and vice-president of engineering at Google, and not only incubated
Yelp but is its first investor. He also serves as chairman of the board at
Kaggle and Yelp, and is a director at Evernote.
His
latest venture, HVF, is ‘focused on solving problems and improving lives by
extracting insights from the vast quantities of data around us,’ Yahoo! said in
a statement.
Yahoo!
CEO Marissa Mayer said Levchin is someone she has admired throughout her career
for “his phenomenal sense for great products and keen focus on user
experiences.
“I’m
confident that his strong product and technology expertise will be a tremendous
asset to Yahoo! as we work to transform the world’s daily habits,” Mayer added.
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