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Thrilled to share* my 2-hour deep-dive with Lemonade Co-Founder & Co-CEO, Daniel Schreiber. ๐ A must watch for those keen on understanding the Lemonade ( $LMND ) investment thesis, and why I believe it represents one of the best opportunities in the market right now. We delved into Lemonadeโs... show more
152,567 views โข 2 years ago โขvia X (Twitter)
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Breakdown of topics covered & time-stamps โ $LMND Intro | Who is Daniel Schreiber? 00:00 - 06:18 Founding of Lemonade 06:19 - 10:23 First Principles Approach to Insurance 10:24 - 14:36 Transforming Insurance | The Giveback Model 14:37 - 18:38 Starting Lemonade | The Vision | Fundraising 18:39 - 21:19 Starting in New York | 10 Downing Street 21:20 - 24:26 Company Strategy | Tech & Customer Focus 24:27 - 27:43 Technology | AI & Machine Learning 27:44 - 40:01 Understanding Customers | Predictive Data 40:02 - 49:59 Why arenโt there more Lemonades? 50:00 - 54:12 LTV9 | Advanced AI Modeling 54:13 - 58:32 LTV-AI Modeling | Initial Strengths & Shortcomings 58:33 - 1:01:41 AI & Operating Leverage | 100% Automation 1:02:05 - 1:07:20 Is Lemonade 10X better? Path to Profitability 1:07:21 - 1:12:47 Reinsurance | What ARK is getting wrong 1:13:17 - 1:22:21 Risk Management & Underwriting 1:22:22 - 1:26:35 Diligence | Customer/Employee Feedback 1:26:36 - 1:30:28 Risks | Politics & Navigating a Polarized World 1:30:29 - 1:38:08 Risks | What keeps you up at night? 1:38:09 - 1:40:25 Growth | What are the limiting factors? 1:40:26 - 1:42:27 Growth | Prioritizing Spending 1:42:28 - 1:45:01 Wall Street Coverage 1:45:07 - 1:50:44 Message for Investors | Short Interest 1:50:45 - 1:59:34

The $LMND thesis at a very high-level: - Insurance: 100% household penetration, $6T TAM - Most companies are a century old with fractured infrastructure. - LMND has approached it from a first principles perspective. - The business model introduces a third party and removes the conflict of interest inherent in every other bilateral insurance relationship (you claim, I lose; don't pay, insurer wins). - Their infrastructure is designed from the ground up, totally digital and built atop AI and Machine Learning - 8 years worth of data collection efforts are now yielding great results. - They've just raised guidance, but most analysts are asleep at the wheel. - Stock is deeply oversold (30%+ short interest) and most short-sellers think it's going to zero. - A correction is coming

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$LMND is my top pick for 2024

@Lemonade_Inc Great interview Neil, I love that you took the time to ask such thoughtful questions!

