American Express

5 statements across 1 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Nov 27, 2023 by David Rosenthal · said 73 times in 6 episodes since 2022 · across every show →

Mentions by year

brought up most by David Rosenthal (46), Ben Gilbert (26), Jason Calacanis (1)

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2025 3 mentions in 2 episodes 2 per episode
2024 2 mentions in 1 episode
2023 67 mentions in 2 episodes 34 per episode
2022 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about American Express, oldest first

Nov 27, 2023 neutral
Assertion Supported
Amex signed up 700,000 cardholders within two years of launch
“So just within like a year or maybe even two from when Amex launches their charge card, you know, business traveler program, they sign up 700,000 members, which is almost as much as diners club had signed up, you know, many years of working on it.”
David Rosenthal Nov 27, 2023 ▶ 26:06 Visa (Audio) · Acquired
Nov 27, 2023 neutral
Assertion Supported
Amex's merchant network was about 25% of Visa's in the mid-1980s
“The American Express merchant network at the time was about 25% the size of Visas.”
David Rosenthal Nov 27, 2023 ▶ 2:21:43 Visa (Audio) · Acquired
Nov 27, 2023
Insight
Distributed open-loop networks trade UX control for superior scalability
“Anytime that you have something that's more distributed, you're going to be compromising a little bit on the user experience because you can't sort of rule by fiat when you want to make a change, but it does potentially come with much better scalability, which…”
Ben Gilbert Nov 27, 2023 ▶ 1:40:14 Visa (Audio) · Acquired
Nov 27, 2023
Assertion Supported
Costco maintained credit card exclusivity with American Express until 2016
“And this actually continued until 1991 for many of their merchants and for Costco, Went all the way to 2016, where they had the exclusive agreement with, ah, Amex, and if you were gonna use a credit card at Costco, it had to be Amex.”
Ben Gilbert Nov 27, 2023 ▶ 1:42:26 Visa (Audio) · Acquired
Nov 27, 2023
Assertion Supported
Henry Wells and William Fargo Co-Founded American Express in 1850
“They started in 1850. This is amazing. Do you know who started American Express? This is a version of D Hawk holding up the Visa card. I did not either until doing research for this episode. It was started by a group of people, two of the most prominent among …”
David Rosenthal Nov 27, 2023 ▶ 23:59 Visa (Audio) · Acquired
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