The Ledger, every show

“Airlines and hotels, I know you did a show on this, make all their money on the loyalty program and their credit card programs, not on being an airline and hotel... Delta, United, and American only exist because they make money on loyalty programs.”

“When you combine the card business and the loyalty business with their airline business is worth less because the airline business loses so much money that the overall company Is worth less than the actual loyalty program in bank business.”

“So even though the company's an eleven billion dollar business, and we touch housing and hospitality, and we have all sorts of businesses that are hospitality platform services like hotels and restaurants and gyms and pharmacies, we run every business line as …”

“It didn't make sense that paying your rent on time every month for five years has no bearing on whether you're eligible to get a mortgage payment. That's the best predictor of whether you're gonna pay your mortgage on time.”

“Now what we're doing with Moon Express is saying, how do you create the last mile solution to get, you know, whether it's satellites positioned or whether it's, you know, going to the moon and actually mining the moon for, you know, helium three or platinum an…”

“Later that day, I got an updated letter from HUD. That said, dear Mr. Jane, you're pleased to inform that your use case requested is approved, and that was that.”

“We have unit economics that are profitable from day one, right? So we can make money and not need capital.”

“And by the way, we did over a hundred billion dollars of housing volume through our platform, right?”

“We spent 18 months Going down to DC, spending time with the Department of Housing, with Fannie Mae, with Freddie Mac, with FHA, and all these different groups, and in October of 2019 because we started this problem, like, beginning of 2018, actually the first,…”

“The average person can increase their credit score by 60 points just by reporting their rent payments, right?”

“We actually got the government, the regulators to work with us to allow your rental payment history To help you qualify for a mortgage and to use points for the first time ever is down payment assistance.”

“We've, you know, my partner Parag is the CEO of the business, but you know, we've given back two billion dollars to renters.”

“There are people who live in one of our three million apartments today, but there are a lot of people who don't. And if we, if for those people to have a solution, which is to use the built credit card, you can pay rent at any apartment building in the country…”

“We've gone in just that 12 months to processing over five billion dollars of rent annually alone.”

“Most of my investors were our customers. They were using the product and said, we want access to the upside here”

“In New York city now, the average rent is 5000 dollars a month.”

“There are forty three million rental households just in the United States, much less any other part of the world. And we've only launched 600,000 of those today.”

“We've raised, we just did a hundred and fifty million dollar round. Before that we had done forty million, but the business has been profitable.”