Goodcover YC Başvurusu

Summer 2017Active

Goodcover, Fintech şirketi olarak Summer 2017 grubunda Y Combinator'dan geçti. Aşağıda: şirketin ne yaptığı, kimin kurduğu ve gerçek YC formunda yeniden yapılandırılmış YC başvurusu.

YC grubu: Summer 2017
Sektör: FintechInsurance
Ekip büyüklüğü: 1
Durum: Active
Lansmanı Yapıldı: 2019

Kurucular

Christopher LotzFounder/CEO
Daniel Di SpaltroFounder

Goodcover ne yapar

Goodcover provides its Members with Good Renters Insurance for 50% less than legacy companies and an Annual Dividend of the money left over after claims obligations are met. Goodcover is a Managing General Agent (MGA) that administers personal insurance on behalf of our Membership, a bit like how USAA does it. Member's premiums are pooled and used to pay claims. We take a fixed fee, and the remainder is returned in our Annual Member Dividend. We work with multi-billion dollar capital partners to ensure regulations are followed, adequate claims capital is always available, and we have emergency capacity for catastrophes. Technology allows us to eliminate waste, saving roughly 25% of the cost. We are 100% digital, but not bots - we invest in tech that enables our experts to help Members. As an Invitation Only Membership served by an MGA, **we can give Members Free Insurance** when they invite others, turning our "Marketing Budget" into savings for Members. This eliminates Lizards and Sales Agents, saving the other 25%. We do not use the standard industry models, instead using a multiperil model to more granularly price risk. This means that for a few of you we are more expensive... but everyone else pays much less than they would otherwise pay. Our granular, multiperil model allows us to offer a superior policy over the standard market including: - coverage for if your place is flooded by a neighbor - Replacement Cost Coverage (meaning new stuff for your old) - All Risk coverage for high value items you tell us about - including computers (almost no one does that amazingly) - added coverage for mold removal Our MGA business model allows us to be capital efficient, "renting" capacity as we need it. All this adds up to our government approved pricing being 40-60% cheaper on average than that of our competitors.

Goodcover'in YC başvurusu, yeniden yapılandırılmış

Y Combinator başvurusu

Goodcover, Summer 2017 dönemi. Gerçek form soruları, herkese açık verilerden yanıtlandı.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Goodcover

Describe what your company does in 50 characters or less.

Digital co-op renters insurance half the price.

What is your company going to make? Please describe your product and what it does or will do.

We make Good Renters Insurance, an invitation-only membership that pools premiums, pays claims, returns leftover funds as dividends, and offers better coverage at about half the price of legacy insurers. We run as a Managing General Agent using technology for granular multiperil risk pricing and to eliminate sales agents, turning marketing into member savings.

Where do you live now, and where would the company be based after YC?

We live in San Francisco, CA, and the company is based there after YC.

Explain your decision regarding location.

San Francisco is the insurance tech hub where our capital partners and regulatory networks are. We want to stay close to partners and talent.

Tam başvuruda 21 ek cevap

Founders, Progress, Idea, Equity, Curious, Batch Preference tam sürümde. YC Insights'ta, diğer her YC grubu yanında açmak için ücretsiz bir hesap oluşturun.

Tüm başvuruyu gör

Sıkça Sorulan Sorular

Bu, Goodcover şirketinin gerçek YC başvurusu mu?

Hayır. Y Combinator gönderilen başvuruları gizli tutar. Bu bir yeniden yapılandırmadır: gerçek YC form soruları, Goodcover'in kamuya açık verilerinden (lansman notları, kurucu geçmişleri, ürün açıklaması) yanıtlanmıştır. Goodcover gibi bir şirketin YC'ye kendisini nasıl sunacağını gösterir, gönderdikleri metni değil.