Lemonade CEO Daniel Schreiber: How We’re Reinventing Insurance (CEO Interview) (Ep. 188)

I interview Daniel Schreiber, CEO of Lemonade Inc (LMND), an insurance company offering renters, homeowners and pet insurance, and planning to launch life insurance this quarter. Daniel Schreiber on Twitter: daschreiber www.lemonade.com Watch the Lemonade Story, July 2020, https://vimeo.com/437029189 Watch my other Lemonade videos, https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ Social 🐦 Twitter https://mobile.twitter.com/heydave7 🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991 🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg 📸 Instagram https://www.instagram.com/heydave7 Timestamps: 0:00 - Intro 1:15 - Does Lemonade have a far superior product? 2:00 - Lemonade’s advantage vs incumbents 7:35 - Lemonade’s software advantage over legacy insurance 8:05 - Other insurance startups 9:55 - Insurance not winner takes all 11:35 - Lemonade’s backend software advantage 14:20 - Blender software 15:40 - The app is the tip of the iceberg 17:10 - How Lemonade creates efficiency through tech 18:10 - How many engineers in Lemonade? 18:40 - Lemonade at the intersection of science and humanities 21:00 - Lemonade cofounder Shai 24:15 - Disruption causes disruptors 27:00 - Building a company with a different foundation 28:30 - Tech allows for making a better product for cheaper 31:50 - Moats and mindshare 34:20 - First principle thinking in Lemonade 38:40 - Mistakes Lemonade has made 42:40 - On entering into the US market first 44:00 - Software advantage when going into new markets and accessing risk 50:10 - Geographic expansion 58:12 - Advantages of being multicultural 1:01:20 - Going into other insurance sectors 1:04:40 - Lifetime value of a customer Buying a Tesla? 🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556 ☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556 📚 Investment and Business Books Common Stocks and Uncommon Profits - Philip A. Fisher https://amzn.to/34sM3mJ One Up On Wallstreet - Peter Lynch https://amzn.to/3ktbKZY Crossing the Chasm - Geoffrey A Moore https://amzn.to/31CHODq The 4-Hour Workweek - Timothy Ferris https://amzn.to/3dXule0 Zero to One - Peter Thiel https://amzn.to/37DMyfH Superforecasting, The Art and Science of Prediction - Philip E. Tetlock https://amzn.to/31FovcF The Laptop Millionaire: How Anyone Can Escape the 9 to 5 and Make Money Online - Mark Anastasi https://amzn.to/3mkiB8t Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers - Alexander Osterwalder https://amzn.to/2Tng3tN (amazon affiliate links added to links above) Videos: Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7 Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768 💁🏻‍♂️ Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA, SQ, LMND and other stocks at time of original video publish date.Subscribe to Dave Lee on Investing on Soundwise