20VC: Affirm Max Levchin on Why Grading Talent by Letter (A or B) is Total BS | How to Create a Culture of Post Mortems and Writing | Why You Should Only Study Failure Not Success & The Biggest Surprises Scaling to $18.7BN Market Cap

1010.925 - 1032.024 Max Levchin

and so it was totally possible but this was a non-calculated risk at the very beginning of the mission that i just sort of decided like we're gonna do it and so the calculus of the first bet was like not a calculus at all it was just like i think it's gonna work but i'm okay finding out that i'm wrong what highly calculated risk did not work out where your process was right but the outcome was wrong