1. The market cap of American Airlines’ loyalty program is 26 billion dollars, almost five times bigger than the actual business that the bank is built on.
2. Essentially like the Costco model. Costco gives you I think it's two percent cash back for the executive plan and you know this that every Brown parent says no we're going to get it from Costco it's cashback right.
3. Cash back on credit cards generally is like tax-free. I'm not sure look I think it's income tax free and I think it's supposed to be income tax free but even if it's not supposed to be, I feel like no one declares it as income.
4. So you know if you're if you're going to plastic right and using your credit card to pay for a wire transfer that means that you're paying a 3% fee right, that 3% fee is tax deductible because that's a fee that you're incurring as a cost of doing business.
5. If you're a pre-seed or a seed Stage Company based in New York and you raise between 50 to 250k where your valuation is uh or you've raised 2 million or less of Prior funding you can get a 100 match from the state of New York and they will own no equity.