Robert Tochman-Szewc retweetledi
Robert Tochman-Szewc
733 posts

Robert Tochman-Szewc
@ItsRobTS
Freelance Software Developer, Sailor, Cyclist. Creator of @BlueBoatLog. ex-@Jodel, ex-@SAP
Berlin Katılım Şubat 2011
69 Takip Edilen66 Takipçiler
Robert Tochman-Szewc retweetledi

My take: the founder cult in SV is totally out of control. It formalizes a de facto aristocracy as the preferred form of governance in tech. It leads to outsize discrepancies in risk taking and outcomes for most tech workers. It enables some of the most toxic psychopaths to be venerated as “visionaries”. Most of the worst people I came across in tech were “founders”.
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Robert Tochman-Szewc retweetledi

Verkehrsminister der letzten Jahre:
2009 -2013| Peter Ramsauer (CSU)
2013 - 2017| Alexander Dobrindt (CSU)
2017 - 2018| Christian Schmidt (CSU)
2018 - 2021| Andreas Scheuer (CSU)
Die Inkompetenz von @christophploss ist beeindruckend. Fast schon eine Kunstform im Versagen.
Christoph Ploß@christophploss
Wer pünktlich sein möchte, darf in Ampel-Zeiten nicht mit der #Bahn fahren. Einer der Gründe: Neue Schienenprojekte dauern mittlerweile mehr als 20 Jahre. Das ist inakzeptabel! Unsere Vorschläge für schnelleres Planen und Bauen heute in der @tagesschau. 🏗️ tagesschau.de/inland/innenpo…
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Robert Tochman-Szewc retweetledi
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Robert Tochman-Szewc retweetledi

Respekt, die Ärztekammer Baden-Württemberg beendet eine Weiterbildung ohne Inhalt. In Homöopathie gibt es Nichts zu lernen für Ärzte. Man kann auch als Grüner nicht zu Recht Wissenschaft beim Klimawandel fordern und bei Homöopathie ein Auge zudrücken… spiegel.de/politik/keine-…
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Robert Tochman-Szewc retweetledi
Robert Tochman-Szewc retweetledi

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.

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