All-In with Chamath, Jason, Sacks & Friedberg E13: SPACsgiving Special! More promising vaccine news, innovation vs. regulation, reforming higher ed, morality of challenge trials & more
Nov 25, 2020
The group dives into the exciting world of SPACs, celebrating a new venture and discussing innovative auto insurance models. Vaccine advancements and political ramifications take center stage, raising ethical questions around trials. They debate the impact of regulation on innovation in healthcare and education, championing Income Sharing Agreements as a disruptive approach. Amid humorous anecdotes, they reflect on parenting during the pandemic and explore the geopolitical energy transition, showcasing a blend of serious insights and light-hearted banter.
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Chamath's Tweet
- Chamath Palihapitiya tweeted "Buffett had Geico. I pick MetroMile."
- This was after David Friedberg took his company, Metromile, public via SPAC.
Pay-Per-Mile Insurance
- Metromile's pay-per-mile insurance model allows low-mileage drivers to save money.
- This disrupts traditional insurance pricing.
Machine Learning in Insurance
- Machine learning is valuable for repricing risk in real-world applications like driving data.
- Next-generation insurance companies will leverage this at scale.