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

2289.003 - 2312.089 Max Levchin

That was the last decision of a long list that he could have taken. And he they are inevitably more understanding and less hard on you than you are on yourself. Like one of the more amazing and sort of emotional events for me of the Affirm layoff a couple of years ago now was every single person I talked to had said, Hey, I get it. This happened. We grew too fast. We overhired. I understand.