Jason & Magda Schappert

Grateful to share the stage with leaders from @RobinhoodApp, @public, and @Mastercard. The future of fintech is being built by teams willing to simplify access, expand ownership, and rethink what financial empowerment can look like. Thank you @FiatVen for the opportunity. 🙏

@JoshLu Actual footage of me skipping CI’s on that feature creep because it’s time to go to bed 🤣🤣🤣

A truly funny irony that I spent more than a decade as a PM trying to be more sensitive about late-breaking changes/scope creep all while quietly thinking "how long could this take to build anyway?" And now all I basically do is scope creep myself/my projects

@jbahrdestefano It’s when the algo starts recommending Nickleback you have a problem 🤣🤣🤣

I’m at the point in my life where I listen to Creed in the gym

This is deep thinking 🤣🤣🤓

So true…

@JoshLu @markpinc Preordered ✅ Thanks for sharing!

I got to work for @markpinc for a number of years and learned more about product thinking and consumer intuition from him than anyone else in my career Very excited because I've been waiting for this book for years - to get a refresher on all of those awesome lessons but also to share with my friends and founders I work with Congrats Mark!

With @garrytan /GStack and @charlieholtz Conductor in my quiver. Life will never be the same 🚀 We’re shipping multiple times per day, things that used to take weeks. Grateful to both 🙏

@JPBrebner @southpkcommons ✅ excited to find out 💪🚀

@southpkcommons Find out southparkcommons.com/apply

.@southpkcommons isn't an incubator or an accelerator, but a secret, third thing

@jbahrdestefano You see it in pitches each day but premium credit is just too expensive to build. Most startups can’t front the credit facility nor manage the collections side efficiently.

My gut is that this headline is indicative of a larger problem w/ premium credit card startups. I just don't see building one to compete with established players as viable, largely because of the following: - Capital intensity makes competition almost impossible - Issues w/ customer graduation - Ease of replication Capital intensity makes competition nearly impossible --> you need significant capital to fund premium rewards + you're going up against giants like Chase and Amex who have enormous reserves and can outspend you indefinitely. Bilt succeeded only because one of the largest U.S. banks subsidized their rewards program with hundreds of millions of dollars, something most startups simply can't replicate. Customer retention faces an inevitable graduation challenge --> you might gain initial traction by targeting users early in their credit journey or immigrants without a U.S. credit footprint, customers Chase and Amex don't prioritize. But there's a retention problem: as soon as these users qualify for premium cards from established issuers, they'll likely graduate off your platform. For most, status > loyalty. Niche differentiation is fairly easy to replicate --> if you focus on tailored rewards for specific categories like fitness or mortgage spending and prove the model works, Chase and Amex can simply partner with the largest players in those spaces, cherry-pick what's successful, and beat you on distribution. They've already proven this with rewards partnerships at Peloton, Equinox, Lululemon, and others.

@conor_ai I truly appreciate this. Received our “not yet” from YC today but will keep building something they can’t say no to next time 💪

today is YC rejection day if you got rejected, I’ve been there here is our F24 rejection email, and we just wrapped up F25 a no is one data point, not the full story even if your startup succeeds, this will not be the last time you hear no. PMF is a long, difficult path each no can make you stronger. turning it into fuel is a superpower use this moment to push even harder YC changed our lives. it can still change yours

@DaivikGoel Congrats!! Many years ago my wife immigrated here on the same visa, later won the green card lottery, and today is a full citizen. We’re on startup number 2! 💪🇺🇸

O1 Visa Approved! Immensely grateful for the opportunity to build in America 🇺🇸

Just to calibrate, tech unicorn founders are much rarer than pro athletes.

@bondwithchloe @ycombinator Congrats!!! 🚀

We just raised $3M to build the world's first AI Chief of Staff, and we want to build with exceptional people. 👉 bondapp.io

@DavidCahn6 where do you think the real upside ends up over the next decade? The hyperscalers pouring trillions into CapEx or the scrappy AI native apps growing like crazy on top of it??

Full post: sequoiacap.com/article/ai-in-…

2026 will be a tale of two AIs. Prediction 1: Year of delays for data center buildouts and for AGI timelines Prediction 2: Continued acceleration in the $0-100m revenue AI cohort, new $0-1B club

@jbahrdestefano We’ve been teaching this to our little ones from a young age. They know how to think big already!!!

Whether you tell yourself you can or can't do something You are right

@_anishgupta_ @ycombinator

It’s game day 🫡

@jaltma @garrytan Listening now at the gym 💪🚀

I asked Trae about his idea of choosing Good Hard Quests and his encouragement to founders to work on things that make the world better. "If we take all of our level 100 players and we put them on AI slop companies, what does that mean for all of the things that aren't being done at the same time? I would really like our level 100 wizards to be fabricating semiconductors, or something that's gonna move the needle for humanity."

Raising these kids right ✈️

@conor_ai @hyperspell @ycombinator Congrats!!!

presented @hyperspell in front of hundreds of yc alumni today this moment was years in the making