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

2517.547 - 2538.319 Max Levchin

Yeah, we do lots of that. Like we tear down all competitor products, all their sales products, sales efforts, like everything we can get our hands on, we learn from because it's free. Like someone is making mistakes for us. We should learn on those too. Is regulation a friend of buy now, pay later, or an inhibitor to growth? I think we're always on the record as pro-thoughtful regulation.