“Stylekick itself was you know featured in just about every market you know, on the app store, on the front page repeatedly. We ranked number one for style in like France.”
quote is from the automated transcript, cleaned for reading:
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More from Karn Saroya
Opinion
Full-Stack Insurtech Startups Will Likely Fail and Burn Cash
“Folks who are attacking, you know, every aspect of this at once are probably not going to get any of them right and burn a lot of money right out the gate.”
Karn SaroyaFeb 27, 2019▶ 17:00Karn Saroya on the Capital-Light Way to Start an Insurance Business · Y Combinator
Insight
Saroya: Pure lead-gen businesses are not durable long term
“I don't think that you can build a durable business as just a lead gen. You know a lead gen service for a couple of reasons. One, those arbitrage opportunities eventually dissipate. The second is you're not building any brand, like, equity or value, and you're…”
Karn SaroyaFeb 27, 2019▶ 12:42Karn Saroya on the Capital-Light Way to Start an Insurance Business · Y Combinator
Disclosure
Cover Paid $750,000 Plus Broker Fees to Acquire Cover.com
“So we paid seven 50 for it, and then there were broker fees.”
Karn SaroyaFeb 27, 2019▶ 23:06Karn Saroya on the Capital-Light Way to Start an Insurance Business · Y Combinator
AssertionNot checkable as stated
Saroya: Proving property existence and condition materially improves loss runs
“We're proving that the property existed in a given time, place, and condition. And that helps materially improve our loss runs.”
Karn SaroyaFeb 27, 2019▶ 1:02Karn Saroya on the Capital-Light Way to Start an Insurance Business · Y Combinator
Insight
Saroya: Early mobile e-commerce only worked vertical or impulse purchase
“Either you went vertical or you went impulse price purchase.”
Karn SaroyaFeb 27, 2019▶ 8:26Karn Saroya on the Capital-Light Way to Start an Insurance Business · Y Combinator
AssertionNot checkable as stated
Cover Operated Without Making a Single Hire for 18 Months
“So we didn't make our first hire for probably the first year and a half.”
Karn SaroyaFeb 27, 2019▶ 14:19Karn Saroya on the Capital-Light Way to Start an Insurance Business · Y Combinator
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