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
analysis problem solving. It's very rare. It's like, well, that thing, do we think it's five or is it 10 or is it going to be 500? Those are very easy to estimate. It's like, well, we have nine variables and they're all non-linearly distributed. And some of them multiply with the others. And some of the other ones, we don't really know how they relate to the first pack.
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