The PayPal Cast of Characters
Levchin: At PayPal we had an extreme cast of characters. Giants of intellect like Peter and lots of other people — outlier crazy a lot of the time. They would have these outlandish ideas.
All of us respected each other deeply. We'd hear the crazy idea of the day and be like — you're a total nut job, but I'm going to take you entirely seriously because you're brilliant. I've seen you be right about things others couldn't conceive of.
You're a total nut job. But I'm taking you seriously because you're brilliant.
The Mistake at Slide
Levchin: When I ran Slide, my initial idea was — the roller coaster at PayPal was fun when I was 23, but now I'm 33, maybe I can tamp it down a little. I built the original team to have a collegial, friendly, warm, homelike feel.
It made for a great place when things were going well. But when things were not going well, you'd have groupthink — everybody in the back of the bus singing a song, but the bus wasn't moving very quickly.
I tried to tamp it down at Slide. Warm and collegial. But when things got hard — groupthink. The bus stopped moving.
Back to Crazy
Levchin: When I started Affirm, I went back to this idea — crazy personalities are just fine with me. In fact, I want more of them. But the filtering function is: do I respect their intelligence and talent so much that even if they have vastly different views, I respect that about them?
Building that takes a lot of effort. But if you're successful, you end up with a stunningly good team. You want people who will all get out of the bus and push it the second the bus slows down.
Crazy personalities are fine. I want more of them. The filter: do I respect their intelligence that much?