Sergey Litvinenko, CEO & Co-Founder of Koop Insurance: $7 Million Raised to Build the Future of Insurance for Tech Companies

Preventive Insurance Model: Koop Insurance distinguishes itself by offering a preventive insurance model tailored for the tech sector, where traditional insurance falls short due to a lack of historical data for new technologies.

Founding Inspiration: The initial idea for Koop emerged from the challenges faced in the autonomous vehicle space, which led to the realization that these challenges were prevalent across the tech sector, prompting a pivot to insurance.

Aha Moments: Sergey describes multiple "aha" moments in Koop’s journey, such as shifting from an API for autonomous vehicles to an insurance model when realizing the existing market’s inefficiencies.

Growth and Scaling: Discussing the growth from a bootstrap startup in Pittsburgh to a pre-series A stage company in New York with nearly 20 full-time employees.

Trust and Branding: Emphasizing the importance of trust in the insure-tech space, Koop focuses on building a brand that combines expertise, reliability, and partnership with giants like Munich Re and Lloyd’s of London.

Market Strategy and Evolution: Koop’s strategy involves not selling insurance in the conventional sense but offering compliance and risk management as part of a comprehensive package to tech companies.