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No. of Recommendations: 9
Link to S1:

Hacker news thread:

Lemonade is a company which sells insurance using computing to make faster and better decisions than competitors.

Revenue is growing extremely fast, 199% YoY.

2018: 22.5M
2019: 67.3M

Comparing to Q1 of the previous year it's growing 138%.

Q1 2020: 26.2M
Q1 2019: 11.0M

Net losses seem to be quite large though.

What's interesting to me is that the company is being discussed on Hacker News, while most S1's don't generate discussions. If you search on Hacker News for S1 you'll see maybe there's only 20-30 threads which generate much discussion.

Some people mention in the thread this is not so much a tech company, but a tech-enabled company. I think that's a fair point, that this is generally not a SaaS company, but more of a software company disrupting an old industry.

They mentioned somewhere in the S1 that the insurance market is very fragmented.

Wondering if anybody knows more about this company or has actually used the product?
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