YOUNG AT HEART: 'We perceive ourselves, in many ways, as having the same dog in the fight' as startups, says PayPal General Counsel John Muller. 'We want to do new things.'

PayPal Veterans Share State Licensing War Stories

As financial services startups debate whether it is better to ask regulators for permission or beg for their forgiveness after acquiring customers, PayPalís history might offer some lessons.

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