$LMND – Lemonade insurance, MEGA THREAD! 🥳
One of the longer ones, but we will come around the company, numbers, bull/bear-case, 2021 expectations, products, etc.
Always apricate a comment, retweet, and dialogue about these threads🥰
Hope you are ready🚀
1/x What they do
”Lemonade Insurance Company is transforming the very business model of insurance… Unlike any other insurance company, we gain nothing by delaying or denying claims (we take a flat fee!), so we handle and pay as many claims instantly as possible.”
2/x The company
👉4 years old
👉Hyper-scaleup
👉Not profitable
👉Using AI is their biggest advantage
👉+1M customers
👉They have 0 debt
👉+300 employees
👉+50 job openings atm
👉90 seconds to sign up
👉down to 3 seconds to get paid for a claim (avg. 1 day)
How they do:
3/x Funding💰
Lemonade Inc. is backed by investors including:
- Aleph
- General Catalyst
- GV (formerly Google Ventures)
- Sequoia Capital
- Thrive Capital
- SoftBank (biggest investor today, 21,18%)
The total money raised by the company to $480 million before IPO🤑🤑
4/x Data
- 87% of their customers are first-time policyholders
- 75% are younger than 34 years of age
- Biggest age group are 25-34 years with 63%
- 23,5% female / 76,5% male
- Customers Per human are outstanding
- Their prices are on average 68% cheaper than their competitors