Web3 Insurance

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[00:02:11] - [First question] - What IBM was working on when he was the Director of Blockchain

[00:04:00] - How an enterprise blockchain works compared to popular blockchains

[00:05:17] - What it means to secure a network like an enterprise blockchain

[00:06:30] - Whether or not their process is displacing databases  

[00:08:01] - Making the jump from a manilla envelope system to a blockchain 

[00:09:27] - A thumbnail sketch of the insurance world and policies one might need

[00:13:28] - How the old model of insurance compares to the insurance market today

[00:17:11] - Strong underwriting practices that ensure policies generate a profit 

[00:19:59] - Adding risk to their balance sheet when they underwrite projects  

[00:21:21] - Thinking about underwriting risk as the insurer 

[00:24:40] - Key factors that allow their model to work   

[00:25:28] - How founders work through the policy price, coverage, and terms

[00:28:22] - Why Vouch considers Web3 an opportunity and not a risk 

[00:32:08] - How the crypto downturn has impacted their underwriting process 

[00:34:57] - Handling the uncertainty of the future when their clients add leverage 

[00:38:41] - Base level insurance packages startups should have and when to step it up 

[00:44:08] - Some of the greatest mistakes he’s seen while working with founders

[00:47:07] - Examples of smart contract risk going well and badly  

[00:49:31] - Whether or not more insurers will enter this space over time  

[00:51:44] - A risk they’ve encountered that was too big for them to engage

[00:54:09] - What he’s most excited to see built over the next six months and six years