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
NPR is great. Guy Raz is great. The first episode of How I Built This was great. I love the potential that this program has and look forward to hearing what is to come.
ManOf93 via Apple Podcasts · United States of America · 09/13/16
Just listened to the first episode. It was great and a fun listen. Looking forward to next one.
moleyp via Apple Podcasts · United States of America · 09/13/16
I love this show! I think the host does a great job of asking questions and moving the interview along and I love hearing how Sara Blakely got her start. If the next episodes are as great as the first episode then I may have just found my favorite podcast. It's inspiring!Read full review »
PaulInCSGGa via Apple Podcasts · United States of America · 09/14/16
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