Nitthin

YC alum. In a world with source-of-truth data, insurance "claims" shouldn't exist. Building parametric infra @OrbitCover where the event IS the settlement.

[Dara @dara_venture]

6 pieces of startup advice everyone swears by that are keeping you from your potential.

1. "Build in public."
You're collecting applause from other builders, not customers. build silently with no distractions, when you build something awesome and it's validated...time to go public. if you announce as you go before you have anything of note, you will always face trust issues. don't brag, just build.

2."ideas are worthless, execution is everything."
idea quality sets the ceiling on your execution. Flawless execution of a bad idea is fckn pointless. great founders obsess over problem selection first.

3."move fast and break things."
it worked for one social network with zero switching costs and infinite runway. for everyone else, breaking things breaks trust, and trust is the defining product. become fast at learning, not at shipping bullshit.

4."raising money is validation."
a term sheet proves you can sell a story to a small group of people who are not your end user. revenue is the ultimate validation. roughly 75% of VC backed startups never return the money.

5."follow your passion."
most do not realise that passion follows competence and traction. if you pick a problem the market is vocal about, and if you get good, watch obsession materialise quickly. starting from passion means competing with every other passionate brokie who had the same meaningless feeling.

6."Your network is your net worth." this built an entire economy of coffee chat pricks. nobody powerful respects a collector of introductions. build something awesome and the network will engulf you. if your a networker, you are always chasing...if you are a quality builder you will always attract.

all of these statements are guru like bullshit....they let you feel like a founder without the inconvenience of building anything. block out the noise

[Srikanth.CashlessConsumer | ஸ்‌ரீகாந்த் @logic]

#CashlessConsumer #Security Investigation.

@RBI created .bank.in so you could trust your bank's website.

@IDRBT security policy claimed the domain registrar was "audited." Reality: 0 auth on any endpoint, data leaks

Built without tender. Detailed report https://t.co/F0euEH1spb

[Nitthin @nitthin]

Seeing this in insurance too. The first-wave insurtech was mostly “better policy + better UX.” And these generic insurance is getting crushed by CAC, regulation, loss ratios, and distribution power.

My guess: second-wave winners are vertical risk-resolution companies. Cyber, AI agents, travel disruption, climate, collectibles. Insurance ends up becoming one tool in the workflow, not the whole product.

[Nitthin @nitthin]

Spent the last 6-8 months navigating embedded insurance and realise almost all products are designed to fail. Most embedded travel insurance is built around platform monetization, not for customer recovery. The product is designed at checkout, but its value is to be delivered at disruption. Because the seller, insurer, TPA, and customer all experience different parts of the journey, nobody owns the customer outcome end-to-end.

[Nitthin @nitthin]

@kunalb11 Congratulations @kunalb11 !

[Nitthin @nitthin]

A refund is not recovery. Handing someone their money back after wasting their day just admits you can't fix the actual problem. The money was never the point.

[Nitthin @nitthin]

Risk in current insurance sales in India moves to whoever's least able to absorb it. Most 'efficiency' that’s talked about is just someone downstream quietly holding the bag. And in most cases across current sales models or embedded distribution , that’s the customer.

[Nitthin @nitthin]

@jasveer10 @durov So your whole argument is deleting an app deletes crime? ban is the laziest instrument. You punish ordinary users and still do not solve the fraud origination. Bad actors will use any platform they can tap, we need to build enforcement to prevent leaks in the first place.

[Nitthin @nitthin]

We often look at insurance markets to understand risk. That’s backwards. Insurance tells you which risks have already been productized. The bigger opportunities are usually hiding in the risks people manage with spreadsheets, phone calls, family favors, cash reserves, and anxiety.

[Nitthin @nitthin]

Last year, India experienced an unprecedented failure in airline servicing. Flights delayed, passengers stuck at airports, angry and anxious. The fix was cosmetic and waiting to break again. The system is structured to fail the same way: slowly in the places nobody measures, then all at once in the place everybody does.

[Nitthin @nitthin]

A municipal IT dept from Brazil doing a kickass job!

[𝗭𝗲𝗻 𝗠𝗮𝗴𝗻𝗲𝘁𝘀 @ZenMagnets]

Alibaba Qwen3.7 slowly fading into irrelevance at the frontier due to proprietary stance.
In it's place we have Minimax M3 and... *checks notes* Rio 3.5 397b, made by the municipal IT company of Rio de Janeiro's city government.

https://t.co/JgIJYVhoEi

[𝗭𝗲𝗻 𝗠𝗮𝗴𝗻𝗲𝘁𝘀 @ZenMagnets]

Alibaba Qwen3.7 slowly fading into irrelevance at the frontier due to proprietary stance.
In it's place we have Minimax M3 and... *checks notes* Rio 3.5 397b, made by the municipal IT company of Rio de Janeiro's city government.

https://t.co/JgIJYVhoEi

[Nitthin @nitthin]

Most fintech & e-comm products are built for the happy path. Sign up. Pay. Book. Submit. Track. But trust is won or lost on the broken path, Amazon nailed this. Refunds. Delays. Claims. Exceptions. Escalations. Recovery.

The broken path is where the real brand begins.

[Nitthin @nitthin]

Software has already conquered clean digital surfaces. The new opportunity with AI are ones with messy coordination: factories, health, insurance, money movement, support, logistics, compliance, recovery.

[Casey Handmer @CJHandmer]

The lesson I take from the SpaceX IPO is that the only thing stopping us from solving arbitrarily difficult problems is extreme creativity in business models.

No amount of tax and spend programs got us reusable rockets and great electric cars. Customer delight is a necessary precondition for success.

There seems to be some discussion around whether successful entrepreneurs should give up control of their companies so they can subsidize some philanthropic venture that otherwise has no value prop sufficient to run it as a business where customers voluntarily exchange money for goods and services at a competitive and reasonable price.

This misses the point. Transformational products deliver tangible value at 1000x the rate of charities whose value cannot be tested in the market place. Think about the undeniable value of the smart phone, satellite Internet, electric consumer devices, etc etc.

I think the transformational moment for SpaceX was when Elon stepped away from the philanthropic Mars greenhouse concept and fixed his resolve on unlocking radically better rockets for humanity. The greenhouse would have been, at best, a neat trick. Falcon and Starship give humanity a durable economic engine to maintain and improve access to space, forever.

[OrbitCover @OrbitCover]

Delhi IGI: IMD forecasts rain, thunderstorms and gusts to ~60 kmph Friday and Saturday (Jun 12-13 IST), in morning and afternoon/evening spells. Connecting in DEL on a US-bound itinerary? Pad the layover; 3h+ is the safer play. (per IMD, Jun 11 6:45 PM PT)

[Nitthin @nitthin]

@wongmjane Crazy! If you can’t be in SF, now bring SF to you 😂

[Nitthin @nitthin]

@mynameisyahia Congratulations! 🥳

[Nitthin @nitthin]

When headlines write themselves:

In 2023, UnitedHealthcare denied one in every three claims it received. That same year, its parent company, UnitedHealth Group, reported $22.4 billion in net earnings, and its stock reached record highs. Those two facts are not in tension. They are the same fact.

And it’s not just United, it’s pretty much every insurer on earth today. The combination of float economics + public-market pressure for ever‑lower loss ratios creates a perverse incentive to hold down claim payments by any means that are at the limits of what’s legally + politically tolerable.

https://t.co/GPQb7VKgfM

[Nitthin @nitthin]

@prasanna_says The lyrics are 🔥🔥🔥