Sheel Mohnot(@pitdesi) 's Twitter Profileg
Sheel Mohnot

@pitdesi

Posting stuff I find interesting.
Work: @btv_vc, leading pre/seed rounds of fintech cos.
apply to our accelerator https://t.co/LSnRc5xYjD!

Always up for adventure.

ID:6228302

linkhttp://sheel.wtf calendar_today22-05-2007 10:52:05

34,8K Tweets

116,4K Followers

3,0K Following

Wolf of X(@tradingMaxiSL) 's Twitter Profile Photo

This is go-to option medical professionals use to X-ray small children.

The device keeps them still to facilitate the procedure.

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Itai Damti(@itaidamti) 's Twitter Profile Photo

This week, Unit held its best product demo to date! Kudos to our amazing team members: Ehud, Sai, Sarah and Louise.

100+ companies joined us and saw new releases in action:
- White label apps: banking + charge cards
- Capital + underwriting: white label UI components & APIs…

This week, @unit_co_ held its best product demo to date! Kudos to our amazing team members: Ehud, Sai, Sarah and Louise. 100+ companies joined us and saw new releases in action: - White label apps: banking + charge cards - Capital + underwriting: white label UI components & APIs…
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Sheel Mohnot(@pitdesi) 's Twitter Profile Photo

Yesterday there was a popular poll asking what $ people would subscribe at and $99 was the winner

Elon liked the poll and today the price is $99!

No idea if they are linked but it certainly wouldn’t be the wildest thing he’s done.

Sucks for people who prepaid $12k for FSD

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Sheel Mohnot(@pitdesi) 's Twitter Profile Photo

Axios doing an end-around substack is very smart.

Most journalists can't go off on their own / aren't entrepreneurial enough to figure it out...

Axios can provide a great middle ground - get a salary, they do some marketing for you, & (presumably) take a larger share

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Sheel Mohnot(@pitdesi) 's Twitter Profile Photo

Hopin couldn't spend the >$1B raised & returned $581M to investors before selling for not much.

CEO had cashed out $195M at peak, is doing just fine. Employees likely get nothing :(

Likely all 1x/pari passu, so investors got ~1/2 their money back.

Ok for late stage investors…

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Sheel Mohnot(@pitdesi) 's Twitter Profile Photo

Credit Card cashback is considered a rebate on money spent, not taxable income.

One couple did have to pay taxes on it:
used 5% cash back at grocery, converted to money orders for perpetual CB machine.

They did $6.4M, got $320k in cash back, court ruled they had to pay taxes

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Sheel Mohnot(@pitdesi) 's Twitter Profile Photo

Before barcode passes, I once got on the wrong flight accidentally - I was on the phone and the boarding area had the wrong sign, so 6 people on the plane (incl me) had to deplane.

And one of my friends was a stowaway on a plane when he missed his flight and had to get home:)

Before barcode passes, I once got on the wrong flight accidentally - I was on the phone and the boarding area had the wrong sign, so 6 people on the plane (incl me) had to deplane. And one of my friends was a stowaway on a plane when he missed his flight and had to get home:)
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Sheel Mohnot(@pitdesi) 's Twitter Profile Photo

This dude was flying standby but didn't get on his original flight so he snuck onto another flight by taking a picture of another persons boarding pass, boarding the plane and then hiding in the bathroom. It might have worked if the plane wasn't full.

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Sheel Mohnot(@pitdesi) 's Twitter Profile Photo

Please don’t believe everything you see on here- this story has so many holes!

If this NDA existed it would almost certainly still be valid if OJ died… it would be to protect USC.

If the battered victims reported it to the LAPD, Kardashian paying off USC would not keep it from…

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Sheel Mohnot(@pitdesi) 's Twitter Profile Photo

Wow. Revolut is really building a global business.

Today- they got a banking license in Mexico and authorization to issue prepaid cards & wallets in India.

Like in Mexico, they have been working on this in India for years.

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Itai Damti(@itaidamti) 's Twitter Profile Photo

Thinking of hosting a casual webinar for VCs and PEs to cover the state of banking-as-a-service and embedded finance in detail: revenue & business models, trends, regulatory developments & more.

What questions / topics would you like us to cover?

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Sheel Mohnot(@pitdesi) 's Twitter Profile Photo

Revolut got a banking license in Mexico!

They hired a local CEO ~3 years ago and just got approved (fintech takes time), and they had to secure $110 million in starting capital.

They are expected to launch with money transfer services

Revolut got a banking license in Mexico! They hired a local CEO ~3 years ago and just got approved (fintech takes time), and they had to secure $110 million in starting capital. They are expected to launch with money transfer services
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