Insight certainty 3/5 debate potential 3/5

Asaf Wand: Remote Work Inhibits Creativity and Complex Problem-Solving

Assaf Wand · 20VC Special: The Real Estate Fintech OGs on Why This Is Not The End For The Bay Area and What Can Be Done To Solve It, The Pros and Cons of Working with Corporate Investors and How Leading Their Teams Has Fundamentally Changed in a COVID World · Feb 18, 2021 · at 21:00

Asaf Wand is the co-founder and CEO of Hippo Insurance. He contrasts routine remote work efficiency with the spontaneous cross-departmental interaction required for innovation.

0:00 / 0:17exact quote · 17.6s
720p mp4 · rendered on demand · StarZero watermark
“I think it's very, very difficult to do creative things and solve hard problems. The actual amount of work that's done on some silos is probably fine for engineers. They still close more tickets. Potentially they don't have commute. Maybe it's effective, but to solve hard problem, I think you need interconnectivity of different departments.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Assaf Wand

Insight
Wand: VCs undervalue InsurTechs because they misunderstand insurance de-risking mechanics
“VCs don't really understand insurance. So they don't understand the risking that was done behind the scene. To lower the risk and actually bring you to have a customer. They don't understand how you manage your claims, and what you've done on the reinsurance, …”
Assaf Wand Jan 18, 2019 ▶ 9:13 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
Opinion
Wand: Not a single top VC fund truly understands Hippo's business
“There's not a single top fund that truly understands what the hell am I doing?”
Assaf Wand Jan 18, 2019 ▶ 10:13 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
Insight
Wand: Startup boards overweight top VCs' opinions based on brand, not merit
“Usually, if there is a partner from a top fund, there is a tendency to give overweight to his idea and decision point, where it's not substantiated by the merit of his idea, but just rather from the fact that he came from Sequoia, he came from Benchmark, he ca…”
Assaf Wand Jan 18, 2019 ▶ 11:21 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
Insight
Wand: Modern data sources give insurtech startups an advantage over legacy carriers
“Data, if anything, it flips. So I'm actually an advantage. I don't have just ten million customers in the US data. I have a hundred million customers data. I have more data that I can actually use. I have more data components that keep on popping every day. I …”
Assaf Wand Jan 18, 2019 ▶ 6:22 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
Insight
Wand: Startups must gain distribution faster than incumbents achieve innovation
“Because in essence, the fight that you have of incumbents versus startup is a startup needs to reach the distribution faster than an incumbent can reach the innovation.”
Assaf Wand Jan 18, 2019 ▶ 21:57 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
Insight
Wand: InsurTech startups look one funding round earlier than they actually are
“In general, what happened, and this is my view for InsurTech, is There's a lot of interest and demand, and a lot of players actually wants to do something in this field. However, every company looks one round earlier than it should be. What I mean is that a co…”
Assaf Wand Jan 18, 2019 ▶ 8:21 20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.