It's painful, but that's the cost of unhealthy growth. You're better off being a disciplined company from the start and growing at the pace that your company can *healthily* support.
This may seem obvious to insurance nerds, but there are only three financial levers that you can pull to grow a carrier in the insurance industry: 1) Operating Leverage, 2) Underwriting Leverage, and 3) Financial Leverage.
You'll have to eventually take the pain to raise capital by selling assets, cut costs to improve profitability, or shrink your customer base to reduce underwriting leverage.
@theallinpod will you guys do an update on your research and thinking related to the latest Covid vaccine. Earlier this year, you each questioned if you would ever take it again.
@HarryStebbings@semil Wow. Being a consultant to the best of the best VCs and a writer must have really forced @semil to think deeply about success factors.
"A Brief Note To Our @HaystackVC Founders Re: Impact Of Artificial Intelligence" - thx to @aashaysanghvi_ who helped frame a lot of this.
https://t.co/iHONcwpGZh