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Max Levchin

👤 Person
513 total appearances

Appearances Over Time

Podcast Appearances

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

What happened there? Oh, we managed to overload the back end with the front end and so on. So it's just very valuable to have these things not in a form of oral tradition, but like written down.

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

And then to do that well, you have to have writing culture where people are typing up random words that come into their mouth and are in their minds and basically say, all right, well, read this makes sense in my head, but maybe you'll make sense of it too. So you have to have some baseline quality requirement for writing.

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

And then to do that well, you have to have writing culture where people are typing up random words that come into their mouth and are in their minds and basically say, all right, well, read this makes sense in my head, but maybe you'll make sense of it too. So you have to have some baseline quality requirement for writing.

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

And then to do that well, you have to have writing culture where people are typing up random words that come into their mouth and are in their minds and basically say, all right, well, read this makes sense in my head, but maybe you'll make sense of it too. So you have to have some baseline quality requirement for writing.

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

And basically the most important thing about technical writing and business writing is simplicity. Like if you're reading a 12 page thing, describing a feature, you're probably going to miss details. And so if it's a feature that's meant to be confined to like 25 by 25 pixels, the description should be two pages, maybe three.

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

And basically the most important thing about technical writing and business writing is simplicity. Like if you're reading a 12 page thing, describing a feature, you're probably going to miss details. And so if it's a feature that's meant to be confined to like 25 by 25 pixels, the description should be two pages, maybe three.

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

And basically the most important thing about technical writing and business writing is simplicity. Like if you're reading a 12 page thing, describing a feature, you're probably going to miss details. And so if it's a feature that's meant to be confined to like 25 by 25 pixels, the description should be two pages, maybe three.

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

You should not have many, many, many pages of prose describing the impact on the world you expect to have and how this relates to world hunger, et cetera. Pithy is important. Live rants are good as motivation sometimes. They're good at sort of aligning the team around something. a story and a strategy that the story represents.

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

You should not have many, many, many pages of prose describing the impact on the world you expect to have and how this relates to world hunger, et cetera. Pithy is important. Live rants are good as motivation sometimes. They're good at sort of aligning the team around something. a story and a strategy that the story represents.

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

You should not have many, many, many pages of prose describing the impact on the world you expect to have and how this relates to world hunger, et cetera. Pithy is important. Live rants are good as motivation sometimes. They're good at sort of aligning the team around something. a story and a strategy that the story represents.

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

In my experience, and I host an all-hands meeting at least once every two weeks, more often than that, usually you end up saying 12 things and people remember two. So the shorter, the better. Like just being short and pithy is way more valuable, even spoken. But in writing, people just run out of time. We have distractions. Notifications are popping up. Like you have a 12-page to read.

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

In my experience, and I host an all-hands meeting at least once every two weeks, more often than that, usually you end up saying 12 things and people remember two. So the shorter, the better. Like just being short and pithy is way more valuable, even spoken. But in writing, people just run out of time. We have distractions. Notifications are popping up. Like you have a 12-page to read.

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

In my experience, and I host an all-hands meeting at least once every two weeks, more often than that, usually you end up saying 12 things and people remember two. So the shorter, the better. Like just being short and pithy is way more valuable, even spoken. But in writing, people just run out of time. We have distractions. Notifications are popping up. Like you have a 12-page to read.

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

You're like, oh man. And some people are very good at focusing, but I think majority of people are less focused than they'd like to be and less focused than they think they are.

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

You're like, oh man. And some people are very good at focusing, but I think majority of people are less focused than they'd like to be and less focused than they think they are.

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

You're like, oh man. And some people are very good at focusing, but I think majority of people are less focused than they'd like to be and less focused than they think they are.

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

It's quite hybrid and it really depends on the geo. So we have offices now worldwide. And by offices, I mean places, because some places do not have an office. Our world headquarters notionally is still San Francisco. So that's where I'll be today. And I think it'll be on the order of half full, maybe a little bit more than half full. Our other coast office in New York will have standing room only.

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

It's quite hybrid and it really depends on the geo. So we have offices now worldwide. And by offices, I mean places, because some places do not have an office. Our world headquarters notionally is still San Francisco. So that's where I'll be today. And I think it'll be on the order of half full, maybe a little bit more than half full. Our other coast office in New York will have standing room only.

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

It's quite hybrid and it really depends on the geo. So we have offices now worldwide. And by offices, I mean places, because some places do not have an office. Our world headquarters notionally is still San Francisco. So that's where I'll be today. And I think it'll be on the order of half full, maybe a little bit more than half full. Our other coast office in New York will have standing room only.

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

There will be not enough seats, not enough cubbyholes to hide in because people will be there in such quantities and everything in between. It's not true that we are fully back.