Prediction Open AI assessment confidence: 95% certainty 4/5 debate potential 3/5

Ankur Jain: Commercial Moon mining and transport will occur in 5-10 years

Ankur Jain · How This Founder Wants to Reward You for Paying Rent · Apr 4, 2023 · at 8:58

Ankur Jain, founder of Bilt Rewards, discusses Moon Express, the space exploration enterprise founded by his father Naveen Jain.

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“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 and being able to bring it back and forth, you know, and it's all possible. It's all happening in the next five, 10 years which is quite exciting.”

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More from Ankur Jain

Opinion
Jain: Founders should avoid early VC because partners lack operational understanding
“I think entrepreneurs should do everything in their power to not allow venture capitalists to come into their business. VCs don't generally understand how to run a business. They generally don't understand what your business needs are, and their incentives are…”
Ankur Jain Apr 4, 2023 ▶ 46:33 How This Founder Wants to Reward You for Paying Rent
Assertion Partly supported
Ankur Jain: Airlines and hotels make their money from loyalty programs, not core operations
“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.”
Ankur Jain Apr 4, 2023 ▶ 24:34 How This Founder Wants to Reward You for Paying Rent
Assertion Supported
Jain: Major airline market caps are lower than standalone 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.”
Ankur Jain Apr 4, 2023 ▶ 30:05 How This Founder Wants to Reward You for Paying Rent
Insight
Jain: Starting a company with a business plan sets founders up for failure
“I think one of the biggest problems with business school is it loves to tell people to set a business plan with objectives and goals. And like you have, the second you start with that, you have set yourself up for failure.”
Ankur Jain Apr 4, 2023 ▶ 13:50 How This Founder Wants to Reward You for Paying Rent
Opinion
Jain: Silicon Valley Has Damaged Its Goodwill and Trust With Regulators
“Silicon Valley has not done itself any favors in building goodwill and trust with the regulators.”
Ankur Jain Apr 4, 2023 ▶ 40:00 How This Founder Wants to Reward You for Paying Rent
Assertion Contradicted
Jain: HUD reversed its denial to let Bilt points fund down payments
“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.”
Ankur Jain Apr 4, 2023 ▶ 40:54 How This Founder Wants to Reward You for Paying Rent
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