Max Levchin
speaker
2,409 appearances
6 recordings
3 series
first heard Feb 2025
last heard 6d ago
Max Levchin’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Feb 2026 with 2.
Appearances
even the sharpest increase in history, which is what we saw in the tail end of twenty three, I think.
Uh didn't really impact us overnight, but required quite a lot of maneuvering to make sure that we could certainly deliver yield to the people who buy our loans or the those who lend to us against it.
Uh but it it'll be nicer.
It'll be easier perhaps to run this business when the rates come down.
But uh I think a couple of quarters ago I had a headline in my letter saying higher for longer is just fine.
I got we we obviously printed great margin.
Um
We we call our margin R L T C revenue less transaction cost.
It's a very fancy term for
No, essentially the bottom line of the business.
And uh that's been between three and four.
Well, I think one exception every quarter since we were public in the first month of uh first month of
Twenty twenty one.
And so
Rates have changed quite a lot from then to twenty three to now, and we've been able to maintain a very consistent margin that should tell you everything you want to know.
Uh yeah.
Uh actually if you look at our average ticket.
Think when we went public.
I already screwed this up today once, so I don't wanna perjure myself again.
But I think our first quarter of the public comp public traded company, we were on the order of
Showing 1941–1960 of 2,409 · page 98 of 121
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