Lemonade

“So no one invested in insurance before and called it a tech investment, but lemonade has proven that insurance is really technology at the end of the day.”

“It's a thirteen million dollar seed round. We put six and a half in the term sheet.”

“We invested in Lemonade, Series A, wonderful founders. One, Shai, had done Fiverr, product and design guy. Daniel, lawyer, had done hardware, and they were going into insurance. Combined insurance experience between those two? Zero.”

“When we first invested in Lemonade, I called a bunch of fintech investors and said, who's the insurance guy? I said, nobody. That's the beauty. So none of them would invest.”

“Oh, net new naive. Net new naive. The fact that Shai and Daniel of Lemonade didn't know anything about insurance, like helped a ton.”

“We took lemonade public with sixty million of revenue.”

“At Lemonade, they had done the A, and I remember I was driving home, and I was speaking to the founder of Lemonade, and we didn't do the A, and I said to him, well, you know, can I give you a, can I give you a safe because we want to be involved with you, we w…”