Daniel Schreiber on Storytelling, Running a Public Company - Invested w/ Michael Eisenberg E5

On the 5th episode of Invested, Michael hosts Daniel Schreiber, the co-founder and co-CEO of Lemonade, the AI-powered insurance company driven by social impact. Lemonade hit one million paying customers faster than Netflix, Spotify, or Amazon did, and 5-10 times faster than the most formidable insurers in the U.S. (Allstate, GEICO, State Farm, USAA). At a 150% compound annual growth rate, their top line accelerated faster in their first 5 years of operation than did Facebook’s, Amazon’s, or Apple’s.
Prior to co-founding Lemonade in 2015, Daniel served as President and a member of the board of directors of Powermat Technologies Ltd., a wireless charging solutions and technology company. Daniel is a serial entrepreneur. His first company - Alchemedia, an internet security software company was acquired by Finjan Software in 2002. Daniel is also a trained commercial lawyer. He holds a Bachelor of Laws with First Class Honors from King's College London.
You can find Lemonade at lemonade.com and can find Daniel on Twitter @daschreiber.
Please enjoy and rate this episode 5 stars wherever you stream your podcasts!
Key Topics:
[0:00] Intro
[2:57] How we know each other
[3:43] Lemonade’s beginning
[6:30] Different types of investors
[9:05] What Lemonade could have done better
[10:55] Risk management vs. uncertainty
[15:58] Why to go public
[21:20] Stock prices
[23:20] Competition
[29:10] Business model alignment
[35:00] Are people good?
[39:10] Values create economic value
[40:45] Storytelling
[43:00] Gas and miles-per-gallon
[46:30] For-profit vs. non-profit status
[53:00] Community in business
[57:00] Corporate social stands
[59:00] Developing entrepreneurial children
[1:01:00] Grandparents
[1:03:00] What problem do you most want to fix?
[1:03:40] What makes you vulnerable?
[1:04:15] Why didn’t you give up?
[1:05:30] How do you want to be remembered?
[1:06:45] What did you learn from Har Etzion?
Resources:
To learn more about Lemonade, visit lemonade.com
Follow Daniel on Twitter: daschreiber
For show notes and past guests on Invested, please visit content.aleph.vc
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For the transcript of this episode, go to content.aleph.vc/invested-epi...
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Credits:
Executive Producer: Erica Marom
Producer: Andrew Jacobson
Video and Editing: Ron Baranov
Music and Art Direction: Uri Ar
Design: Rony Karadi

[@amoeba2091]

Daniel is the type of man one can feel proud and confident to invest in. Thank you for a great interview.

[@CrossSo]

Great interview for every Lemonade-shareholder!

[@pieterroux9420]

Very inspirational, fantastic discussion.

[@kristianbaverstam9483]

Well done. Enjoyed the conversation.

[@aleph-vc]

Glad to hear!

[@brave3630]

What is the name of the company for which Daniel's brother is the CEO ? Michael cites it at 59:05 but I don't understand the name. Freitas ??

[@aleph-vc]

The company is Freightos - www.freightos.com/

[@patricemoore288]

That's pretty funny that you state all this but I have been trying to get a hold of you for a week now can't find any Phone numbers all communications is by Maya computer access also their are to coverage added to my policy that I informed the person I didn't need or want because I paid coverage through other means how about fixing that issue

[@runer007]

A conversation where the other party already knows the answer is dull.

[@runer007]

50:50 The CEO paid himself $21M

[@khushilunkad5544]

Why wouldn't he? Can you do what he did and give employment to thousands of people?