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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

This has to do with a story in the very early days of a firm where I tried to teach people how to make pickles because I love pickles too. And I managed to screw it up badly enough where they eventually turned toxic and grew mold and it was terrible. And I was briefly trying to persuade people that it's fine. It's actually not a problem. You should eat them.

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

This has to do with a story in the very early days of a firm where I tried to teach people how to make pickles because I love pickles too. And I managed to screw it up badly enough where they eventually turned toxic and grew mold and it was terrible. And I was briefly trying to persuade people that it's fine. It's actually not a problem. You should eat them.

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 almost single-handedly wiped out the entire firm team. But fortunately, no one ate any and we threw them away. But The story of Max's Lethal Pickles survives in the annals of a firm post-mortem history. Someone said, well, you should eventually go fulfill your dream of making things out of atoms and molecules in this case and sell pickles online, call it Lethal Pickles.

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 almost single-handedly wiped out the entire firm team. But fortunately, no one ate any and we threw them away. But The story of Max's Lethal Pickles survives in the annals of a firm post-mortem history. Someone said, well, you should eventually go fulfill your dream of making things out of atoms and molecules in this case and sell pickles online, call it Lethal Pickles.

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 almost single-handedly wiped out the entire firm team. But fortunately, no one ate any and we threw them away. But The story of Max's Lethal Pickles survives in the annals of a firm post-mortem history. Someone said, well, you should eventually go fulfill your dream of making things out of atoms and molecules in this case and sell pickles online, call it Lethal Pickles.

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

So one day I'll start lethalpickles.com.

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

So one day I'll start lethalpickles.com.

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

So one day I'll start lethalpickles.com.

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

If you are a careful student of my shareholder letters, of which I have now written, it cannot possibly be 16, but I think it's 16 or 15, you will see that every single one of them contains a reference to the movie Big Lebowski. You have to look sometimes hard to find it, but no one's ever asked me what's with the Big Lebowski in your shareholder reference. What is with the Big Lebowski?

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

If you are a careful student of my shareholder letters, of which I have now written, it cannot possibly be 16, but I think it's 16 or 15, you will see that every single one of them contains a reference to the movie Big Lebowski. You have to look sometimes hard to find it, but no one's ever asked me what's with the Big Lebowski in your shareholder reference. What is with the Big Lebowski?

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

If you are a careful student of my shareholder letters, of which I have now written, it cannot possibly be 16, but I think it's 16 or 15, you will see that every single one of them contains a reference to the movie Big Lebowski. You have to look sometimes hard to find it, but no one's ever asked me what's with the Big Lebowski in your shareholder reference. What is with the Big Lebowski?

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

I'm a huge fan of movies. When I was a freshman in college, all I wanted to do is take computer science classes. And I came into my university thinking, I'm just going to take every possible computer science class and nothing else because everything else is stupid and boring. And I just want to write code. And I still love writing code.

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

I'm a huge fan of movies. When I was a freshman in college, all I wanted to do is take computer science classes. And I came into my university thinking, I'm just going to take every possible computer science class and nothing else because everything else is stupid and boring. And I just want to write code. And I still love writing code.

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

I'm a huge fan of movies. When I was a freshman in college, all I wanted to do is take computer science classes. And I came into my university thinking, I'm just going to take every possible computer science class and nothing else because everything else is stupid and boring. And I just want to write code. And I still love writing code.

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

If I knew I couldn't fail, I'd solve the world's problems and then I would just write code from that point on for fun. But it turned out that you actually had to take some required courses. So you couldn't just take computer science. So I took film study as like a, this will be easy. It'll be fun. I got to watch things that are actually like gems of movie making world.

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

If I knew I couldn't fail, I'd solve the world's problems and then I would just write code from that point on for fun. But it turned out that you actually had to take some required courses. So you couldn't just take computer science. So I took film study as like a, this will be easy. It'll be fun. I got to watch things that are actually like gems of movie making world.

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

If I knew I couldn't fail, I'd solve the world's problems and then I would just write code from that point on for fun. But it turned out that you actually had to take some required courses. So you couldn't just take computer science. So I took film study as like a, this will be easy. It'll be fun. I got to watch things that are actually like gems of movie making world.

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

Things like North by Northwest and like Hitchcock movies and all sorts of stuff that blows your mind. And if you don't know about it, you wouldn't watch it because these are old black and white movies. Why would you care? And you watch them and you're like, oh my God, like this, these are stories that have to be required viewing.

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

Things like North by Northwest and like Hitchcock movies and all sorts of stuff that blows your mind. And if you don't know about it, you wouldn't watch it because these are old black and white movies. Why would you care? And you watch them and you're like, oh my God, like this, these are stories that have to be required viewing.

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

Things like North by Northwest and like Hitchcock movies and all sorts of stuff that blows your mind. And if you don't know about it, you wouldn't watch it because these are old black and white movies. Why would you care? And you watch them and you're like, oh my God, like this, these are stories that have to be required viewing.