Insurance Covid-Cast: Insurtech 100 special - Lemonade CEO Daniel Scheiber talks AI, European expansion and IPOs
The CEO and co-founder of Lemonade has declared younger IPOs better for the long term viability of new technology businesses because it prevents them getting stuck in a state of ‘protracted adolescence,’ comforted by the ‘cocoon’ of private equity.
Refusing to be drawn on the specifics of reports that his business postponed its IPO earlier this year, Daniel Schreiber told Insurance Covid-Cast: “I have not ever commented on our future [in terms of] funding or IPO and I am not going to do that now. But I am pre-disposed, without telling you anything about Lemonade - but sharing my thinking about this [subject], that younger IPOs are good.
“I look at the class of 2019 [which included Lyft, Pinterest, Slack and Uber] and see how the dynamics
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