I’m trying to understand how this company (competing with Amazon Go) is gonna make their investors’ money back.
I get that each store can replace like 5 checkout clerks, but they’re not gonna fork over $ 250k per year… or anything close to that. Even if they paid 50k per year for the service, this company needs over 2,000 stores to reach their current evaluation of 550M.
It seems like an entrepreneurial minded coder and an experienced digital marketer /successful sales person would be a duo made in heaven, right?
One is able to produce multiple products at if needed, so you can take as many swings at the plate as needed until it works.
The other takes the product and turns it into a legitimate company or business by bringing in revenue, customers, or clients.
I imagine that duos that have failed in the past likely faced:
-the value brought to the table was lopsided / someone was tired of pulling majority of the weight
-ran out of time, money, or both.
-“different visions of business and creative direction”
That said, here’s where I’m hoping to get your expertise and if you could shed some light:
Is there any truth to the frat bro sales / nerd stereotype and does it reflect reality where it’s not common because of this generalization?
Is there a specific type of coder / developer / programmer that’s more inclined to be more entrepreneurial?
Ie. Like an unwritten rule such as if a coder specializes in __________ usually it’s because they want to build __________ and not work for a company.
Or a coder that specializes in cybersecurity does so because they usually desire to work for Gov or Big Corporate…(Idk if this is true, I just made it up).
I’ve just embarked on the long painful journey of building a dream team and believe it’ll help in the way I approach them as well as being informed of any typical / non-typical things that’ll pop up.
Anyways, any experience or wisdom you guys can share about the “coder meets marketer” dynamic?
Wanted to ask the startups community ie. you guys, before going to the coder / developer / programmer and asking directly.
So I'm starting a online business, in the handmade section. I will have a Etsy shop and shopify.
My question with all of this is I picked a name and will design my own logo and all that. The name I chose was already taken and I added a . In-between some words and it worked.
Now I know nothing about all of this from a legal standpoint and I tried reading online but I still don't get it.
Is what I'm doing okay. Or if someone has the name that I have can I get sued. I'll be designed all my own logos and will not be ripping off anyone or anything.
Just don't understand trademarks and how they work and where and what they are meant to protect I guess. And If there's anything else I need to worry about.
Thank you for your time, Hopefully you can help me out with something
Startups that fit under the broad umbrella of insurance technology are having quite a year.
In early 2020, insurtech marketplaces raised hundreds of millions of dollars, and as the year continued, more insurtech startups saw their fortunes rise. But these busy and lucrative recent quarters are perhaps best demonstrated by Lemonade’s IPO.
Despite a strong IPO pricing run, Lemonade was still worth less than the $ 2 billion valuation it had previously earned from private investors. The debut looked like an example of public markets taking a bite out of private investor enthusiasm, a cooling off for a hot startup.
The Exchange explores startups, markets and money. You can read it every morning on Extra Crunch, or receive it for free in your inbox. Sign up for The Exchange newsletter, which drops Saturdays starting July 25.
But when Lemonade began to trade, its shares soared 139% on their first day, closing at $ 69.41 per share and valuing the company far above its final private price. No matter what price bankers and institutional investors had managed to agree on, the investing public had quickly repriced the company for a multiple of its IPO price.
This week, fellow insurance-selling insurtech player Hippo announced that it had raised a Series E worth $ 150 million at a $ 1.5 billion post-money valuation.
But while the moment appeared laudable, Hippo also announced that it had gross written premium — the value of insurance products sold, before certain deductions — of $ 270 million in the preceding 12 months, a figure that had grown 140% over the prior year.
Lemonade, in contrast, had gross written premium of $ 116 million in 2019, up around 147% from its 2018 result, and $ 38 million in Q1 2020, putting it on an annualized pace of $ 152 million at the end of March. It was worth $ 1.6 billion at IPO, and north of $ 4 billion today. The mismatch in the size and value of the companies was interesting to say the least.
To explore both Hippo’s round and the apparent pricing discrepancy between this private firm and the public Lemonade, The Exchange got on the phone with Hippo’s CEO Assaf Wand to dig in.
Are the public markets too frothy? Are private investors too conservative? Both? Let’s find out.
Hippo offers homeowners’ insurance, which Lemonade also offers, though the latter has a historical focus on renters’ insurance. Regardless, the firms are sufficiently related to warrant comparison.
TechCrunch spoke with Wand about his round, learning that it was raised during COVID-19, which meant that some VCs were effectively offline, or tending to their own portfolio companies. Still, after fundraising over Zoom, Hippo and Wand aligned terms, investors and valuation in a way that it felt made the sense and put the capital together.
What do you all perceive as a “higher” position?
Head of Growth & Acquisition vs Director of Growth & Acquisition
Thanks for your input and feedback I appreciate it. I think we need 250 words so here is more words so my post doesn’t get deleted. lame rule eh?