What does it take to build a company like Guidewire or attract investor interest?
This week, Matthew Grant talks with Marcus Ryu, Co-founder and Chairman of Guidewire, and Partner at Battery Ventures. Marcus, one of Guidewire's five founders, shares his experiences from starting the company in 2002 and the lessons he learned along the way.
In this episode, Marcus discusses his shift from leading Guidewire to investing through a multi-stage technology investment firm. The conversation covers topics relevant to those interested in the insurance industry, current trends in insurance technology, and practical advice for entrepreneurs and investors alike.
Key talking points include:
- Graduate school and finishing at the beginning of the dot-com era
- What ingredients are necessary to found a successful company?
- Startups are insurgents
- The first sale cycle - what is ‘wandering in the desert’?
- Why you need recklessness to start a company
- The Guidewire story and staying agile in 2024
- From founder to investor - joining Battery Ventures
- Investing in hyperexponential
- Closing remarks on admin systems and generative AI
You can listen to our podcast with Amrit Santhirasenan, Co-founder and CEO of hyperexponential here.
If you like what you’re hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.
Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning.
Continuing Professional Development
This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Describe what founders can learn from the conditions necessary for a successful startup to grow
- Specify how a large technology company can remain relevant and agile after being founded over 20 years ago.
- Identify certain traits and characteristics that investors look for in companies and why
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 317 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
