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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

So one of the movies I watched was Seven Samurai and it became like this obsession where I've seen it over a hundred times and no one asked me about that one either, but the silliest movie with yet a similarly profound kind of a cultural and at least to me, intellectual impact on me is The Big Lebowski. It's this comedy, tragedy, whodunit commentary on 1980s United States.

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 of the movies I watched was Seven Samurai and it became like this obsession where I've seen it over a hundred times and no one asked me about that one either, but the silliest movie with yet a similarly profound kind of a cultural and at least to me, intellectual impact on me is The Big Lebowski. It's this comedy, tragedy, whodunit commentary on 1980s United States.

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 of the movies I watched was Seven Samurai and it became like this obsession where I've seen it over a hundred times and no one asked me about that one either, but the silliest movie with yet a similarly profound kind of a cultural and at least to me, intellectual impact on me is The Big Lebowski. It's this comedy, tragedy, whodunit commentary on 1980s United States.

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 like everything in two hours of cinema that if you haven't watched it, you should watch. And it is unbelievably funny. It's one of the funniest movies ever made.

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 like everything in two hours of cinema that if you haven't watched it, you should watch. And it is unbelievably funny. It's one of the funniest movies ever made.

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 like everything in two hours of cinema that if you haven't watched it, you should watch. And it is unbelievably funny. It's one of the funniest movies ever made.

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 somehow over the years how do you interview talent one of the things you can do is you can figure out if you share cultural artifacts at the time of the interview and so when i was interviewing a good half of my management team i found out before or after i decided that they were the right ones they were huge fans of the big lebowski and so the team that writes the letter with me is this group of people who loves the big lebowski and we sort of made it our business of sticking lebowski quotes into our shareholders

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 somehow over the years how do you interview talent one of the things you can do is you can figure out if you share cultural artifacts at the time of the interview and so when i was interviewing a good half of my management team i found out before or after i decided that they were the right ones they were huge fans of the big lebowski and so the team that writes the letter with me is this group of people who loves the big lebowski and we sort of made it our business of sticking lebowski quotes into our shareholders

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 somehow over the years how do you interview talent one of the things you can do is you can figure out if you share cultural artifacts at the time of the interview and so when i was interviewing a good half of my management team i found out before or after i decided that they were the right ones they were huge fans of the big lebowski and so the team that writes the letter with me is this group of people who loves the big lebowski and we sort of made it our business of sticking lebowski quotes into our shareholders

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

That's a deep question.

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

That's a deep question.

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

That's a deep question.

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 I grew up in an academic family and for them, the notion of advanced degrees was the ladder to climb. And so it was embarrassing that my mom never got a PhD to her mom, who was an exceptionally important influence in my life and my mom's life. And so this notion of the way you achieve in the world, the goals to set, the ways to think about

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 I grew up in an academic family and for them, the notion of advanced degrees was the ladder to climb. And so it was embarrassing that my mom never got a PhD to her mom, who was an exceptionally important influence in my life and my mom's life. And so this notion of the way you achieve in the world, the goals to set, the ways to think about

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 I grew up in an academic family and for them, the notion of advanced degrees was the ladder to climb. And so it was embarrassing that my mom never got a PhD to her mom, who was an exceptionally important influence in my life and my mom's life. And so this notion of the way you achieve in the world, the goals to set, the ways to think about

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

success and failure in life is measured through academic success. My grandmother has papers in the Harvard Library. She's long gone, but she was a Soviet scientist that managed to have her astronomy PhD thesis referenced in dozens of academic papers in the United States. And so she achieved the academic peak early in life and stayed there. And as she was very old and quite ill,

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

success and failure in life is measured through academic success. My grandmother has papers in the Harvard Library. She's long gone, but she was a Soviet scientist that managed to have her astronomy PhD thesis referenced in dozens of academic papers in the United States. And so she achieved the academic peak early in life and stayed there. And as she was very old and quite ill,

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

success and failure in life is measured through academic success. My grandmother has papers in the Harvard Library. She's long gone, but she was a Soviet scientist that managed to have her astronomy PhD thesis referenced in dozens of academic papers in the United States. And so she achieved the academic peak early in life and stayed there. And as she was very old and quite ill,

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

she'd asked me well what about the phd track and i was just about to start my third company i was like you know i'm gonna get a bachelor's and basically because of you otherwise i would have long dropped out and moved to palo alto and started a company already it all worked out in the end so i'm not complaining but they grew up in a world where entrepreneurship was not a factor so the union was not a place where entrepreneurship meant anything in those days i would love for my kids to

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

she'd asked me well what about the phd track and i was just about to start my third company i was like you know i'm gonna get a bachelor's and basically because of you otherwise i would have long dropped out and moved to palo alto and started a company already it all worked out in the end so i'm not complaining but they grew up in a world where entrepreneurship was not a factor so the union was not a place where entrepreneurship meant anything in those days i would love for my kids to