How Max Levchin is using ‘big data’ to make a difference
Levchin also revealed some of his personal reasons for developing the app. Many of his close friends have found it a struggle to conceive, and they have spent thousands of dollars on fertility treatments.
“I have seen this [fertility problems] firsthand, and I have seen how desperate people become,” said Levchin. He hopes the app will help more women conceive naturally and prevent thousands of dollars on medical bills (which people can incur seeking expensive fertility treatments).
Levchin also had some thoughts to share about how data will directly benefit consumers. One of his favorite examples is using data analytics to establish credit-worthiness. Using data from Facebook, LinkedIn and other social media sites, a new generation of startups can establish whether people are likely to default on a loan.
Christina Farr, for Venture Beat