Mr. Hoffman, you are right to desire specifics, but you are dragging them out of me. Insurance 2.0 is a problem we want to solve, but we are not in a position to pitch a business plan today!
We both run companies which require our attention. We have this lawsuit. To make insurance 2.0 work it will require scale, capitalization, and attention.
I take commitments seriously. Here is what we can commit to, today.
- in my capacity as a mentor of entrepreneurs independently and with the Thiel Fellowship and more recently YCombinator, and with my connections to major investors, I will do my best to advise, connect, and promote people working on this problem or struggling with it.
- as a first step to insurance 2.0, we will put ourselves in the shoes of others that have experienced this and offer to help them directly and manually launch their crowd funding campaigns.
- when it is possible to launch an insurance 2.0 company, given our other commitments, I will (unless someone already has definitely cracked this problem). I cannot make commitments as to the model because we have not yet thought it through or tested it adequately, but it is a huge problem in a legally mandated industry, and we must do better.
We both run companies which require our attention. We have this lawsuit. To make insurance 2.0 work it will require scale, capitalization, and attention.
I take commitments seriously. Here is what we can commit to, today.
- in my capacity as a mentor of entrepreneurs independently and with the Thiel Fellowship and more recently YCombinator, and with my connections to major investors, I will do my best to advise, connect, and promote people working on this problem or struggling with it.
- as a first step to insurance 2.0, we will put ourselves in the shoes of others that have experienced this and offer to help them directly and manually launch their crowd funding campaigns.
- when it is possible to launch an insurance 2.0 company, given our other commitments, I will (unless someone already has definitely cracked this problem). I cannot make commitments as to the model because we have not yet thought it through or tested it adequately, but it is a huge problem in a legally mandated industry, and we must do better.