Credit Karma

And so a couple of partners from an ERC company, we got together and we said, okay, let's make a value out of this.

And so what we did is, you know, just like that, we're going to, in your credit score, we wanted to kind of emulate what Credit Karma does.

So if you know Credit Karma, Credit Karma, you log in, it's free, and it gives you one of the three credit scores, you know, so you have an idea.

Then it says, if you're looking for a credit card, here's this Amex.

Based on your credit score, They can't guarantee you're getting the card, but it says you're gonna get 4.5 out of five chance of getting a card.

What do you do? You click it, it takes you right to the Amex's website.

So in other words, Credit Karma just got paid a commission for that.

Then you fill out the application.

In today's heat map, here are the steps you can take.

Check your credit score regularly using free services like Credit Karma or Experian.

Pay your credit card balance in full every month to build good credit fast.

Start an emergency fund, even if it is just $10 a month as your safety net.

Now is our time to talk about technology and the apps and software that's available to help you with said episode, whatever we're talking about.

Here are today's digital options.

Use financial apps like Credit Karma to monitor your credit score and utilization weekly.

Utilize official federal loan servicing portals to model different repayment options.

I believe a lot of the value that Intuit offers with TurboTax is being compressed.

And a lot of the tools, even like Credit Karma, are being compressed as well.

Now, again, these don't happen overnight, but the technology is progressing dramatically.

We have other companies, ones like LegalZoom, templates are exposed, execution and judgment remain, entity formation, standard contracts, wills, and compliance reminders are structured enough for agents to absorb much of the explanation and document assembly.

... you'll wanna go and shop it.

So you'll wanna go to like a Credit Karma or any kind of website like that and go look at where are the best introductory offers when you bring new money in, because if you're a new client and they bring new money in, they'll incentivize you more.

So there might be some offers out there of 3.5, 4, 4.5, even 5%.

So that's one option, and you could just keep that in cash where it is.

I started another company.

I sold it to Credit Karma, and then I found my way to Andreessen.

And yeah, it's been great.

It's a great opportunity to be at the edge of technology and work with the best people in the world.

With my second company, I just wanted to start a company and be the boss again, and it didn't work.

And I think part of it was not having the right intentions.

So after four years of Credit Karma, this investor opportunity came along and it was a point of maturation for me to realize that I just wanted to work on the most important thing that I can make a contribution to, not necessarily be the boss.

So I committed and it's been great.

And I know in your note, you focused on a few of the things with the do-it-yourselfers.

Credit Karma has done very well for Intuit.

I remember that in the last quarter, reading that.

They also have the TurboTax.

What are you looking for and what do you expect to hear now from the company on investor day, specifically right here in the New York term?

yeah so uh for the investor day that is going to happen later this week we are really focusing on the company's new product developments so far they already have a lot of ai offerings but we want to hear more from the management how to persuade their users to leverage those offerings more and what are the value propositions Intuit can provide to their users with these AI agents.

So specifically, we see Credit Karma is doing very well.

And we think AI is a key factor that can drive even more positive user interaction and growth.