logo
episode-header-image
Feb 2025
1h 2m

20VC: Affirm Max Levchin on Why Grading ...

Harry Stebbings
About this episode

Max Levchin is one of the great founders and technologists of our time. As the Founder and CEO of Affirm, he has built am $18.7BN monster in the buy no pay later space. Prior to Affirm he was one of the original co-founders of PayPal. Max is also the co-founder and Chairman of Glow, a data-driven fertility company. Max is also an immensely successful angel investor with a portfolio including the likes of Yelp, Pinterest and Evernote. 

In Today’s Episode We Discuss:

04:19 How to Hire the Best People in the World

05:05 How to Manage Extreme Personalities

08:18 Biggest Lessons on Trust and What Happens When Lost

12:05 Is Grading Talent A and B Players Total BS?

15:31 How to Think About Calculated vs Uncalculated Risk

27:18 How to Create a Culture of Post Mortems: Step by Step

32:08 Why Every Person Must Write and How to Create a Writing Culture

36:01 Leadership Lessons from Layoffs

38:38 Is Affirm Losing or Beating Klarna in the US?

47:03 Peter Thiel or Elon Musk: Who Would Max Rather Start a New Company With?

48:37 Quickfire Round

 

Up next
Aug 21
20VC: Databricks at $100BN | Chamath’s SPAC Revival: Peak Mania? | OpenAI Staff Cash Out Billions & Sam Altman Will Spend Trillions | CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker
Agenda: 00:00 – Databricks hits $100B: Bubble or just the beginning? 03:15 – Is Databricks actually undervalued at 25x revenue? 07:40 – Are we on the verge of the biggest IPO wave ever? 11:30 – Can Andreessen’s Databricks bet return $30B+? 18:10 – Who really gets rich when mega-u ... Show More
1h 27m
Aug 18
20VC: Lovable CEO Anton Osika on $120M in ARR in 7 Months | The Honest Truth About Defensibility and Unit Economics for AI Startups | The State of Foundation Models: Long Grok, Short OpenAI, Why | Replit vs Lovable vs Bolt: What Happens
Anton Osika is the Co-Founder and CEO @ Lovable, the fastest growing company on the planet. In just 7 months, they have scaled from $0 to $120M in ARR. They have raised over $200M in funding from some of the best including Accel, Creandum and 20VC. Their latest round priced the c ... Show More
1h 8m
Aug 15
20VC: 15 Term Sheets in 7 Days and Choosing Benchmark | Harvey vs Legora: Who Wins Legal and How to Play When You Have $600M Less Funding | Are AI Models Plateauing Today | Building a 9-9-6 Culture From Stockholm with Max Junestrand
Max Junestrand is the Co-Founder and CEO @ Legora, the collaborative AI powering the next generation of lawyers. Now this is an insane story for many reasons; first, Max turned down a multi-million dollar career in gaming to build Legora. Second, he has raised from the best of th ... Show More
1h 20m
Recommended Episodes
Apr 2025
To Make Better Decisions, Think Like a Venture Capitalist
Venture capital firms notoriously embrace risk and take big swings, hoping that one startup will become a monster hit that pays for many other failed investments. This VC approach scares established companies, but it shouldn’t. Stanford Graduate School of Business professor Ilya ... Show More
24m 44s
Feb 2025
Founder Mistakes – Why Most Founders Fail (and How Coaching Helps You Succeed) w/ Alexis d'Amecourt
As a startup founder, are you constantly putting out fires and feeling overwhelmed? You may be falling into some common pitfalls without even realizing it. In this episode, Yaniv and Chris are joined by Alexis D’Amecour, Head of Coaching at Mochary Method, to discuss the top foun ... Show More
58m 50s
Jul 14
Unlock Hypergrowth: How Vibe Coding Can Fast-Track Your Startup Success w/ Bolt CEO Eric Simons
Can you really build and launch a startup without writing code, or even knowing how to?As AI tools promise lightning-fast product development, many founders still fall into old traps: over-validating, under-executing, or waiting too long for a technical cofounder.In this episode, ... Show More
58m 44s
Oct 2024
"I Thought I Had the Midas Touch": How an $80M Success Led to a Major Failure
Can success create a false sense of invincibility? For Pete, it did—and it cost him millions.After selling his business for $80 million, Pete felt unstoppable. But his overconfidence led him into a risky venture that didn’t pay off. Determined to prove he wasn’t a one-hit wonder, ... Show More
38m 16s
Mar 2025
How to Build, Buy, or Sell Your Startup l Ghassan Halazon
In this episode, Ghassan, Halazon one of Canada's top CEOs, shares his journey of building a successful startup, from tough lessons learned to navigating the world of valuations and exits. Get expert advice on attracting investors, raising capital, and negotiating in the fast-pac ... Show More
41m 13s
Feb 2025
The Man That Makes Millionaires: Turn $100 to $10k With This Step By Step Formula & Build An Audience From 0 Followers! Alex Hormozi
Are these simple things keeping you broke? Alex Hormozi reveals the biggest business lies you’ve been told and the formula to turn $1,000 into $100 million   Alex Hormozi is an Iranian-American entrepreneur, investor, philanthropist and founder of Acquisition.com. He is the autho ... Show More
3h 14m
Dec 2024
Peter Thiel
Peter Thiel is an entrepreneur and investor. He is the co-founder and former CEO of PayPal, started in 1998, redefining the world of secure and fast e-commerce. Shortly thereafter, Thiel was the first outside investor in Facebook in 2004. Additionally, he co-founded Founders Fund ... Show More
2 h
Mar 2025
Snapchat CEO: Exact Formula Used To Build A $130 Billion Company! I Said No To $3 Billion From Mark Zuckerberg! It’s Time To Quit Your Job When You Feel This!
From turning down $3 billion from Facebook to building a $100 billion empire, Evan Spiegel reveals the blueprint behind Snapchat. Evan Spiegel, co-founder & CEO of Snapchat (now Snap Inc.), founded the app while at Stanford and became the youngest billionaire at 25. In this conve ... Show More
2h 29m
Jul 2024
"The Real Risk is Totalitarian World Government" - Peter Thiel
Peter Thiel is an American entrepreneur, venture capitalist and philanthropist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. As of July 2024, Thiel had an estimated net worth of $11.2 billion. Through the Thiel F ... Show More
1h 10m
Jun 2024
Work Smart, Not Hard – How Anyone Can Invest | Codie Sanchez EP 204
I’m joined by entrepreneur and investor, Codie Sanchez! Codie has spent a decade on Wall Street and investing millions of dollars into multiple businesses. In this episode, we discussed how to buy businesses without assets, her upbringing, hiring the right people, knowing when to ... Show More
1h 8m