ACHillesHQ

fintech minus the bs. venmo requests, bnpl regret and the companies getting rich off both

[ACHillesHQ @ACHillesHQ]

A little bit about me:

- longtime payments industry veteran
- Silicon Valley insider and angel investor
- once smelled Sam Altman in an elevator (nice scent)
- negotiated 100s of payments deals with every major processor
- I like to call bullshit

[ACHillesHQ @ACHillesHQ]

@YahooFinance only ticket in history that went up in value after you bought it. every other one just grows "service fees" at checkout

[ACHillesHQ @ACHillesHQ]

@CNBC meta loses billions on the metaverse every quarter and nobody hits them with an overdraft fee. must be nice

[ACHillesHQ @ACHillesHQ]

@business instacart picking whether uber or doordash gets to charge me a service fee, a delivery fee and a "busy area" fee on the same bag of chips

[ACHillesHQ @ACHillesHQ]

@CNBC closing costs are just the mortgage version of the surprise "service fee" at checkout. you find out at the very end and it's too late to leave

[ACHillesHQ @ACHillesHQ]

@business wall street found the one thing more reliable than tech stocks. retirees who really want a golf cart

[ACHillesHQ @ACHillesHQ]

@WSJ $160m on a house just to knock it down. somewhere a card processor is crying this didn't go on a visa

[ACHillesHQ @ACHillesHQ]

@CNBC at least scalpers hand you a phone. my bank charged me an overdraft fee and handed me nothing

[ACHillesHQ @ACHillesHQ]

@BusinessInsider laid off thousands then handed everyone left a chatbot. bold of them to assume the chatbot won't ask for a raise next

[ACHillesHQ @ACHillesHQ]

@Forbes rates don't just hit mortgages. my credit card apr saw the headline and took it personally

[ACHillesHQ @ACHillesHQ]

@YahooFinance @turneyduff owning the racetrack is nice. owning the toll booth every customer has to pay through is the real move, ask any card company

[ACHillesHQ @ACHillesHQ]

@BusinessInsider she only needed one drop of blood. my card processor wants a cut of every single sale i make

[ACHillesHQ @ACHillesHQ]

bnpl just came for the last things america paid for in one go

klarna is now on small business invoices so you can split the mechanic into 4 payments

affirm is coming to sam's club so the bulk haul can go on a monthly plan

grandpa paid cash for a house. we finance paper towels

[ACHillesHQ @ACHillesHQ]

@FT founders choosing to sell instead of scale. hard to blame them after a few years of watching the card processor take a cut of every single sale

[ACHillesHQ @ACHillesHQ]

@verge the console is affordable. the subscription, the second controller and the in-game currency are where they get you

[ACHillesHQ @ACHillesHQ]

@CNBC big banks having a record year and still hitting me with a $35 overdraft fee for being two bucks short on a tuesday

[ACHillesHQ @ACHillesHQ]

@FortuneMagazine zuck gets a whole new class of stock to keep control of his company. small business owners can't even get control of their own payouts on time

[ACHillesHQ @ACHillesHQ]

@BusinessInsider workwear is a serious investment now. i'm financing a blazer in 4 interest-free payments like it's a house

[ACHillesHQ @ACHillesHQ]

@WSJ nasdaq down 2.6% because ai companies keep asking for more money. small businesses asking their bank for a $50k line of credit: first time?

[ACHillesHQ @ACHillesHQ]

@CNBC 1.25 trillion valuation and somehow my $20 a month is still load bearing

[ACHillesHQ @ACHillesHQ]

@BusinessInsider 80% of gen z has a side hustle. the other 20% is still waiting on the payout from their last one