Max Levchin’s Career Advice

Max Levchin, former CTO of PayPal and currently CEO of Affirm, speaks with The New York Times about his career track in a really great interview.

On hiring candidates that are capable of great endurance:

And one thing I have found over the years is that in hiring, the dominant characteristic I select for is this sense of perseverance in really tough situations. It’s like the difference between endurance athletes and sprinters. I think it is a really good predictor for how people behave under severe stress.

Working in a start-up means there is a baseline of stress with occasional spikes. There are people who are really good at handling spikes. In fact, most people are really good at handling spikes. But normal isn’t normal. There is constant stress. And so I look for endurance athletes, in the business sense.

However, the question and answer that stood out to me by a long shot:

What career and life advice do you give to new college grads?

I tell them to take big risks, because this is the one point in your life when you have nothing to lose. You amass barnacles of good living as you get older, which makes it that much harder to make a big bet.

So I always tell people go to a start-up while you’re young. You might believe that going to a more established company to build up $100,000 in savings is your ticket to go take a big risk. It really isn’t. It just slows you down and makes you feel like you need to get to $200,000.

I think he is absolutely right. The one major regret I have is not having gone into the start-up world right out of college. I sometimes wonder if it’s too late to join if you’re in your thirties.

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Hotels for Book Lovers

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The New York Times has a piece today on hotels that book lovers would enjoy visiting:

Yet when the books don’t belong to an individual, but rather to a hotel or a bar, it is not armchair psychology — it is an invitation to a chance encounter. Which book might catch your eye from the shelves at the Wine Library at the B2 Boutique Hotel & Spa in Zurich, where guests can browse some 33,000 books with a glass of white in hand? What books might be in your room in the Library Hotel in New York where each floor celebrates one of the 10 categories of the Dewey Decimal System and a reading room is open 24 hours? Which volume will be brought to your table at the Gryphon, a cafe in Savannah, Ga., where diners receive their bill tucked inside the pages of a book? Might any of these books change your trip, your mind, your life?

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Oregon has several such spots, such as the Sylvia Beach Hotel in Newport, where rooms are separated into Best Sellers, Classic and Novels, and there’s a library but no Wi-Fi or television in the rooms. There’s also the Heathman Hotel in Portland, which, with more than 2,700 books, has one of the largest autographed libraries in the world in partnership with Powell’s Books, the country’s largest independent bookstore.

I have added Gryphon and The Library Hotel on my to-visit lists. What other hotels should book lovers visit that weren’t profiled in this piece?