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Big VC money getting pumped into the insurance space is highly worrying and I'm suddenly very glad I don't own a car anymore because... What are they optimizing exactly? techcrunch.com/2021/04/20/insurtech-startups-are-leveraging-rapid-growth-to-raise-big-money/Permalink On twitter.com
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Mood +1 🙂
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Someone put $150m into an insurance marketplace?! In series D?! The entire business is dependent on white label buyers and what are basically API generated affiliate links from big insurance cos. It's an entirely bs marketplace.Permalink On twitter.com
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Mood +1 🙂
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And you know what data insurance marketplaces use to "optimize" free they're basically a wall of ads? Ad targeting data. And you know what they'll do when the burn gets too high? Sell user data on 2nd party markets. Literally nothing good can come of this.Permalink On twitter.com
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Mood +4 🙂
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I mean how many possible white label customers can there be for insurance comparison? Can't be many especially if there's growing competition for customers. So when it goes bad it'll be fast.On twitter.com
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Mood -2 🙁