The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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
Max Levchin
So let's assume it's going to be super huge. It was very modestly sized at launch and turned out to be just a giant sum. What do you learn from that? do the calculating. This was not an unforeseeable error. Someone should have sat down and said, all right, so we're scaling the frontier faster than we're scaling the back tier.
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