In this deep-dive conversation with Ankur Jain, founder of a $3.1B startup Bilt, we explore the untold truth behind building a company, solving real-world problems like housing, and how he’s hacking credit systems to help people save money and live better.
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Timestamps:
00:35 – How to stop flying economy using Ankur’s app (and how it actually works)
2:13 – $7,900 monthly rent – how much do you earn in rewards?
2:30 – Where can you spend your rewards
3:36 – How rewards convert to real dollars
4:08 – Why no one has done this before
5:20 – How COVID shaped his startup journey
6:18 – The ultimate entrepreneurship guide
7:18 – 2 years of hearing no
7:50 – He spent 18 months in Washington DC changing regulations from within
10:16 – Entrepreneurial mindset – prepare for everything to go wrong
11:12 – What happened to solving big problems?
12:34 – Housing crisis, mental health – why the government doesn’t fix it13:20 – Founders don’t want to solve problems anymore
13:49 – His mindset for building a $3.1B company
15:34 – The problem with raising money in Silicon Valley
17:37 – His upbringing: his parents’ American dream
19:43 – Startup life as a kid – growing up in an innovation environment
23:35 – Why NYC beats Silicon Valley for startups
26:07 – Starting a company? 2 things you must know