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Founders Notes: Max Levchin

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What I Learned Before I Sold to Warren Buffett Barnett C. Helzberg Jr. and Barnett Helzberg Larry Bossidy, former head of Allied Signal, said, "Good people hire good people." I fear the reverse is also true. NOTE Max Levchin: As hire As. Bs hire Cs. So the first B you hire takes the whole company down. The Founders Jimmy Soni Anyone looking at the merger of X.com and Confinity could have been forgiven for forecasting doom. X.com's founder, Elon Musk, was opposed to it. Confinity's lead investor, John Malloy, was skeptical of it. Confinity CTO Max Levchin had called it off once before. And X.com CEO Bill Harris had put himself permanently on the outs with Musk in order to make the merger happen. NOTE This is wild — how did this wind up working out so well? The Founders Jimmy Soni PayPal's earliest employees reserve their highest praise for those who tread the same stony road-founders across varied fields of endeavor. "Those that bring the big ideas into hard, unpredictable reality are the practitioners, the high-leverage ones, and I admire them almost without reservation," Max Levchin wrote on a personal blog, years after PayPal. "One key ingredient of being this kind of a person is

What I Learned Before I Sold to Warren Buffett Barnett C. Helzberg Jr. and Barnett Helzberg Larry Bossidy, former head of Allied Signal, said, "Good people hire good people." I fear the reverse is also true. NOTE Max Levchin: As hire As. Bs hire Cs. So the first B you hire takes the whole company down. The Founders Jimmy Soni Anyone looking at the merger of X.com and Confinity could have been forgiven for forecasting doom. X.com's founder, Elon Musk, was opposed to it. Confinity's lead investor, John Malloy, was skeptical of it. Confinity CTO Max Levchin had called it off once before.…

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