Affirm: a cautionary tale
Really interesting to go back and listen to the Affirm episode in the era of high interest rates. It gives you a great sense of how blind FinTech entrepreneurs are to the “Fin” side of their profession. Levchin, who sounds like an amazing guy in general, claims that Affirm’s profitability trajectory is essentially guaranteed by the unit economics of the company’s business model. He calls it a fun math problem. Obviously he knows very little about cost of funding. The roughly 20% of his workforce that was recently laid off probably wishes he had taken at least one finance class to balance his programming genius.
mitchell.33 via Apple Podcasts · United States of America · 05/27/23
More reviews of How I Built This with Guy Raz
Great job NPR! Loved the first podcast with Sara Blakley, both entertaining and inspiring!
Simpleetax via Apple Podcasts · United States of America · 09/12/16
It's great to hear stories of people who innovate and succeedRead full review »
Sleepy root farmers via Apple Podcasts · United States of America · 09/14/16
How I Built This gives great insight into some of the most creative minds that have shaped the world as we know it. It takes a direct look at how the products we know and love came to be. The episodes are not too long and keep the reader intrigued for the duration of the episode.
Joseph_M via Apple Podcasts · United States of America · 09/12/16
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