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

2739.934 - 2760.927 Max Levchin

The only time I talked about the price of our stock to our employees at length when it was flying very high after the IPO and it's really the heady days of 21, I'd actually repeatedly said, look, do not get accustomed to whatever numbers you're reading on the screen today. Like we will not know what this company's worth for years. Just like if you think it's too low, good for you.