This Week in Startups All-In E13: SPACsgiving Special! Plus: More promising vaccine news, innovation vs. regulation, reforming higher ed, morality of challenge trials
Nov 25, 2020
The discussion kicks off with a celebration of Metro Mile's SPAC debut and the transformative power of telematics in auto insurance. Pay-As-You-Drive models take center stage, offering savings for low-mileage drivers. The crew humorously dreams up a shared investment syndicate with listeners. Vaccine development steals the spotlight next, with insights on mRNA technology and rapid advancements in public health. Finally, the ethics of challenge trials and potential regulations provoke thought on risk and deregulation in our healthcare and education systems.
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MetroMile SPAC
- David Friedberg launched his second company, MetroMile, through a SPAC.
- MetroMile offers pay-per-mile car insurance, saving customers an average of 47% compared to traditional insurers.
PIPE Investments
- Chamath Palihapitiya explains PIPE (private investment in public enterprise) as a way to increase capital in a deal.
- He highlights the value of machine learning in dynamic risk assessment for next-gen insurance companies like MetroMile.
Post-Election Vaccine News
- Multiple pharmaceutical companies announced COVID-19 vaccines with high efficacy shortly after the 2020 US election.
- This achievement was attributed to Operation Warp Speed and mRNA technology.