Friday, March 5, 2021

New credit 3

 (cont'd from last Friday's post)

Max Levchin, that billionaire at Affirm, had some things going for him that helped him succeed.

His mother had to learn computer coding when they lived in the Ukraine, so she insisted that he learn too. He readily grasped the skill, was good at it, and loved it. Coding was central to the companies he started. Then the family moved to America where there's more opportunity to innovate and develop dreams.

But skill and opportunity alone were not enough. They were just raw material. More than skill and opportunity were needed to develop entrepreneurial success. Max had more.

As a college student, he tried to start four businesses. They all failed. Most of us - because I'm afraid that includes me - would have figured it's over, not doing that again. But Max kept trying things. He often failed to convince people with money to invest in his ideas. But he didn't go the pity party route. He kept trying.

It's called Perseverance. It's a virtue.

from Startups

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