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

1576.696 - 1602.138 Max Levchin

are architectural decisions you can decide to invest a year into rebuilding your systems in some new fashion and if that's a bad decision you're going to look back and say well we're too far in it was a terrible call but you know it's just you know it's so far and like we can't just uproot this so many people will be upset or you agree to a deal that is economically non-viable and you have you're staring at a giant black hole and you want to get out of it but you signed a contract and