Tanya Menendez

Co-founder @asksnowball: a community of wealth builders

[Tanya Menendez @makertanya]

@RSerna2010 @finix @AcrewCapital @lightspeedvp @leappartners Congrats Richie!!!

[Tanya Menendez @makertanya]

@elonmusk Creepy and weird.

[Ron Conway @RonConway]

The tech community must come together to defeat Donald Trump and save our democracy by uniting behind Vice President @KamalaHarris as the Democratic nominee for President. I have known Kamala for decades, and she's been a fighter, a leader, and an advocate for the tech ecosystem since the day we met. She is the best choice to defeat Donald Trump and she has my unwavering support.

[Tanya Menendez @makertanya]

original study: https://t.co/yWLCim32GI

wish they had distinguished between dancing alone and solo dancing, but still an insightful study nonetheless!

[Tanya Menendez @makertanya]

Dancing is more effective than SSRIs, yoga and jogging for treating depression

I knew dancing after a long week was a good idea...!

[Tanya Menendez @makertanya]

woah, super interesting. TLDR, Bilt gives 1% cash back on rent payment. wells fargo is losing $ on this deal, but Bilt negotiated the contract until 2029. curious to see how this plays out.

[Sheel Mohnot @pitdesi]

Wowwwww
Everyone in fintech has been saying that the Bilt credit card ($3.1B valuation) is too good to be true; How can you get cash back on rent payments?

Turns out they have an unsustainable deal with Wells that is losing the bank hundreds of $millions. Wells made a number of incorrect assumptions in their underwriting.

They assumed that it would be a top of wallet card for renters who carry balances. Instead, a lot of savvy consumers (myself included) use the bank for the minimum required to collect the rental points.

Wells assumed that 65% of card-purchase volume would be non-rent, generating interchange-fee revenue.
The reality is inverted... most of the volume is rent payments on which they don't earn much.

Wells also assumed that 50-75% of the balances would be revolving, earning them interest. The reality is they mostly have cardholders like me who don't carry a balance - only 15-25% are revolving.

Wells is paying 0.8% to Bilt on rent payments, even though the bank doesn't get interchange on them. Wells has a massive mortgage business and thought that they'd be able to cross-sell mortgages when the renters become homeowners but that hasn't panned out.

Kudos to Bilt for negotiating a killer contract that doesn't expire until 2029... but I wonder what the future looks like after that. Wells says they won't renew it as-is.

In the meantime - it's a great card... pay your rent via the card and make 5 other transactions a month to get 1% back on your rent.

[Tanya Menendez @makertanya]

👀

[Satya Nadella @satyanadella]

We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett Shear and OAI's new leadership team and working with them. And we’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team. We look forward to moving quickly to provide them with the resources needed for their success.

[Matt Turck @mattturck]

Sam Altman returning to OpenAI after a day is like Steve Jobs returning to Apple after 12 years, but for the TikTok generation

[Tanya Menendez @makertanya]

how to not ruin a pleasant conversation with facts and “logic” 😂😭

[anu @anuatluru]

classes smart people should be required to take (part 2)

- how to actually think less
- how to make decisions without having all the information
- how to not turn a hobby into work
- how to separate what you want from what you think you should want
- how to accept failure
- how to keep your ego in check
- how to talk to less smart people without being condescending
- how to define yourself by something other than your accomplishments
- how to let someone else lead
- how to not ruin a pleasant conversation with facts and “logic”
- how to chill

[Snowball Wealth @asksnowball]

We are on ⁦@CNBC⁩ ⁦⁦@CNBCSelect⁩!

“One of this app's standout features is how it brings together its users.” 🫶🏽 https://t.co/GWY72VlGBu

[Tanya Menendez @makertanya]

Love this @CNBC @CNBCSelect feature of @asksnowball that came out yesterday.

“One of this app's standout features is how it brings together its users.” 🫶🏽

https://t.co/gDqXSHDh41

[Tanya Menendez @makertanya]

When you prune a plant, it spurs new growth 🌱

same with people that drain you

[Tanya Menendez @makertanya]

@maiab PFAs are in most toilet paper brands too 😩

[Tanya Menendez @makertanya]

@sairarahman @wonderschools @8ennett

[Tanya Menendez @makertanya]

@Capri_lynnn Congrats Capri!! 🗽

[Tanya Menendez @makertanya]

I’d like to interrupt your feed to bring you a video of a dog enjoying nature

[Tanya Menendez @makertanya]

In the mood to do everything I’ve always wanted to do

[Tanya Menendez @makertanya]

On my way to the airport >> when I realize there are flight delays

[Tanya Menendez @makertanya]

@jaiyagill @CiscoIzaguirre the dog in you 🤣

[Tanya Menendez @makertanya]

@shriyanevatia Puerto Rico