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This is wildly un-new. Mutual insurance companies have existed for literally hundreds of years. Oldest one I can find in 5 minutes dates to 1762, and if you i
by h4nkoslo 10y ago
This is wildly un-new. Mutual insurance companies have existed for literally hundreds of years. Oldest one I can find in 5 minutes dates to 1762, and if you include merchant insurance organizations, probably <1400 (although those probably end up looking more like equity arrangements).
https://en.wikipedia.org/wiki/Mutual_insurance https://en.wikipedia.org/wiki/Mutual_insurance
https://en.wikipedia.org/wiki/The_Equitable_Life_Assurance_Society https://en.wikipedia.org/wiki/The_Equitable_Life_Assurance_S...
- gilsadis 10y agoTrue. We like to say that Lemonade is the oldest new idea! I think that's what the sharing economy is all about, using technology to revive modes of social interaction that used to be commonplace.
- maerF0x0 10y agoThats a great way of looking at the sharing economy. Once upon a time I asked my neighbor for a cup of sugar and they obliged, if even begrudgingly. Nowadays I pay a task rabbit $35 to get me a cup of sugar.
- Idontagree 10y agoA task rabbit? Is that what you call a subordinate at your office? Am I totally missing this?
- ertttddfgdf 10y agohttps://www.taskrabbit.com/ https://www.taskrabbit.com/
- Idontagree 10y agoI had no idea... I thought it was sarcasm.
- adrianN 10y agoI'm not sure whether you are rich or joking.
- ojgeojaga 10y agoWhat is Lemonade's relationship with Goldman Sachs?
- robzyb 10y ago> We like to say that Lemonade is the oldest new idea! I think that the OP is drawing issue with the fact that the title described it as "the world's first P2P insurance."
- pg_is_a_butt 10y agoah, yes. but does it have the synergies to topple entrenched oligarchies at google scale? wait... "revive modes of social interaction that used to be commonplace..." oh, i get it... you're bringing back slavery and world war. can i invest?
- joosters 10y agoWhat are you 'sharing' exactly? When did this word get redefined by corporations to mean charging a fee for a service?
- gaius 10y agoCharging a fee for a service while sidestepping regulations and taxation. Also known as "disruption".
- walrus01 10y agoProbably 20% (edit, now that I think of it, maybe up to 50%) of "hot new startups" I see posted to the front page of HN on a weekly basis are an existing business model with a slick web 2.0 front end, CSS/HTML5, etc, a marketing department run by generation Y and some mobile app developers.
- kornish 10y agoJust because a business is using a proven model, doesn't mean it can't be a "hot new startup". Good for those businesses with sound fundamentals made accessible through new technology.
- hueving 10y agoSlack is a perfect example of this.
- walrus01 10y agoircd-hybrid or bust!
- bigiain 10y agoYeah - aren't a good 20% of Silicon Valley startups just Unix commands reinvented (badly) as websites? I'll by a beer for the first person to get to Unicorn status with an actual shell buitin (as opposed to all the SaaS companies that are just repackaged standard Linux/Unix distribution packages). (Rushes off to register echo.io, pwd.io and logout.io...)
- deleted 10y ago[deleted]
- sfrailsdev 10y agoI'm off to found Ellis (ls), the company that displays current directory information, file creation information, and file ownership in an easy to use dashboard, but with websockets, Golang and React. Quick somebody give me a super new log structured merge tree db to use to store Ellis data.
- samfisher83 10y agoStatefarm is owned by its policy holders.
- omarish 10y agoIs that a bad thing? It just means that it's an existing market, done better. Your comment reminds me a lot of the first criticism of the iPod "less space than a jukebox" or the guy who berated Dropbox by calling it a dumb GUI to rsync.
- curryhowardiso 10y agoYeah, who needs Uber when you can hail a cab in one swift motion
- cbsmith 10y agoIt's a bad thing when someone pretends it is a new thing.