Founders - Ken Howery, Luke Nosek, Max Levchin, Peter Thiel, Yu Pan Russel Simmons, Elon Musk -First location - Palo Alto, CA
PayPal was first established in December 1998 as Confinity, a company that developed security software for handheld devices.Confinity was founded by Max Levchin, Peter Thiel, Luke Nosek, Ken Howery, Yu Pan and Russel Simmons.
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