Founders Table Bringing Transparency to the Insurance Industry with Max Cho
Max Cho is the founder of Coverage Cat, a one stop shop to buy insurance for high net worth individuals. Prior to Coverage Cat, Max worked extensively in tech and finance at firms like Microsoft, Two Sigma, and Google. Max is passionate about fixing the problems in the insurance industry and believes that most people buy the wrong policies, overpaying for what they do get, and get policies that don't cover what they need
In today's episode, we talk about:
* a bottom ups approach to picking an undergraduate degree
* personal issues with insurance as a teenager and the motivation to start Coverage Cat
* coverage cat's core mission and what sets it apart
* the inefficiencies of the insurance industry
* tradeoffs with running a remote team
* AI's impact on insurance
* thoughts about the Y Combinator experience
* a values driven approach to business
Where to find Max:
* LinkedIn: https://www.linkedin.com/in/maxrcho
Closing Questions
* advice to current founders: plan for what could ruin your company (eg. failing to hire the right people)
* when you think of success, who or what comes to mind: leaving the world better in small ways than when we've entered it
* how do you recharge: occasionally from runs, mostly from helping customers achieve better outcomes
* any recent small investment that has had an outsized impact: mostly experience buyer's remorse of buying too many things
Ask or Offer
* ask: individuals with more than $100k net work seeking better insurance should check out Coverage Cat
Referenced
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