4.4 • 1.3K Ratings
🗓️ 25 November 2020
⏱️ 44 minutes
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0:00.0 | Hey everybody welcome back besties are back and it's a besty spax giving |
0:06.2 | Congratulations to the Queen of Kinwa his second, David Freiburg, announces today hours before the taping of this |
0:17.2 | special Thanksgiving pod that he is taking Metro Mile Public through his back and that Bestee C, and here is the quote that |
0:28.8 | as only Chamoth can tweet, Buffett had Geico. |
0:33.0 | I pick Metro Mile. |
0:35.0 | Unbelievable. |
0:37.0 | I would just like to say. |
0:38.0 | That's how you move markets. |
0:40.0 | LeBron James has three rings. |
0:44.8 | Freiburg tell us what is Metro Mile and... |
0:48.8 | Well this isn't a self-promoting podcast is it? I mean no but I think it's just you know it's your second company. |
0:55.7 | I started the company in 2011 when I was running Climate when I was the CEO there and you know |
1:02.0 | we were climate was offering insurance at the time. |
1:05.0 | We learned a lot about the insurance markets and figured like, hey, you know, |
1:08.0 | telematics or connecting cars to the internet is going to be a big deal and we're going to be able to completely change the auto insurance industry. So we set up this company. I was the |
1:17.4 | chairman from the founding in 2011 and you know been the chairman and I've been an active investor in the business in every round since |
1:26.3 | them. |
1:27.3 | So the business has built some really compelling value proposition for customers and you know it's got really |
1:35.0 | good unit economics and it's you know needed its last round of capital to get profitable and |
1:40.7 | turns out you know as we were thinking about that this summer that a |
1:43.4 | SPAC was a really good path for the business given the inflection point it's |
1:47.6 | at. And the basic premise of the business is, instead of paying for insurance by month or time period, |
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