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LARP – Revenue infrastructure for serious founders
41–50 of 101 posts
Re: LARP – Revenue infrastructure for serious founders
#42Third post in three day, not counting the ones that have been removed: https://news.ycombinator.com/item?id=48869910 https://news.ycombinator.com/item?id=48852458 The joke is getting tired.
it is the same link so you are complaining about a HN system failure which should have upvoted the first submission.
Re: LARP – Revenue infrastructure for serious founders
#43Its a simple spell but quite unbreakable
Re: LARP – Revenue infrastructure for serious founders
#44Earlier quoted context omitted.
It's the YC playbook. I guess it works, Corgi for example a "AI" insurance company with like only 5 real engineers and a bunch of growth people. Their main customer is other startups mostly YC. Same with Delve.
Corgi is even worse than just circular revenue, their entire insurance business is a house of cards: https://reticulating.substack.com/p/ycombinators-corgi-insur...
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Re: LARP – Revenue infrastructure for serious founders
#45i was gonna crash out before i read this and realized that it's a joke lol
> Before LARP, growth was constrained by whether customers actually paid us. That's no longer a bottleneck we think about
Re: LARP – Revenue infrastructure for serious founders
#46Earlier quoted context omitted.
It's the YC playbook. I guess it works, Corgi for example a "AI" insurance company with like only 5 real engineers and a bunch of growth people. Their main customer is other startups mostly YC. Same with Delve.
Corgi is even worse than just circular revenue, their entire insurance business is a house of cards: https://reticulating.substack.com/p/ycombinators-corgi-insur...
TLDR: The insurance market is highly regulated, with measures in place to protect customers if your insurance company becomes insolvent. Corgi does not have those protections, because they've figured out how to offer a product similar to insurance without being regulated like a normal insurance company.
Innovation!
Re: LARP – Revenue infrastructure for serious founders
#47What people miss from these things is that there is economic value being created. For example, if you gift someone a $100 Amazon gift card, but they also gift you a $100 Amazon gift card. Has any gift actually been exchanged? Yes, the sentiment of giving. Or if someone pays you $100 to eat a pile of shit, and then you use the same $100 to pay them to eat a pile of shit, you both have eaten, but the money is in the sa…
Neither of your examples shows “economic value being created”.
But they did increase the GDP by $200.
Re: LARP – Revenue infrastructure for serious founders
#48If you go through the most recent YC batches, it's insane how much of their "customer list" is just other companies in the same or recent batches
Having been in a YC company that wasn't in the SaaS space, this never made sense to me/us. So many YC products were just way out of a reasonable price bracket, there's only so many $30/m subscriptions you can buy per employee. Talking with their sales teams was funny because they grossly over estimated our budgets.
Re: LARP – Revenue infrastructure for serious founders
#49Earlier quoted context omitted.
It's the YC playbook. I guess it works, Corgi for example a "AI" insurance company with like only 5 real engineers and a bunch of growth people. Their main customer is other startups mostly YC. Same with Delve.
Corgi is even worse than just circular revenue, their entire insurance business is a house of cards: https://reticulating.substack.com/p/ycombinators-corgi-insur...
Thanks for the article, I assume you are the author.
I think the main question about Corgi is: are they underpricing risk so severely that they go bust? And honestly, we have no idea.
For all we know startups are buying overpriced insurance from Corgi because they have a better brand and are easier to deal with than Berkshire's army of underwriters.
Though it's also worth noting that the main reasons startups buy insurance is not because they want insurance, but because enterprise customers demand insurance. Which is to say, it's not out of the realm of possibility that funded startups are not actually that price sensitive, because they just want to get the deal signed and move on.
We got our insurance elsewhere because we're a little older, so I have no actual opinion of Corgi, but there's a lot of stuff that enterprise customers demand that is driven by some compliance checklist. Delve took this to an extreme, but directionally, they were providing the service customers wanted, and at least in the insurance market, you can just pay more to paper over your problems rather than addressing the core risks in a way where there is no fraud. We pay for random shit we don't need that delivers no value for enterprise customers to tick boxes, for all I know Corgi fills the same need.
Re: LARP – Revenue infrastructure for serious founders
#50Earlier quoted context omitted.
Corgi is even worse than just circular revenue, their entire insurance business is a house of cards: https://reticulating.substack.com/p/ycombinators-corgi-insur...
Thanks for the article, I assume you are the author. I think the main question about Corgi is: are they underpricing risk so severely that they go bust? And honestly, we have no idea. For all we know startups are buying overpriced insurance from Corgi because they have a better brand and are easier to deal with than Berkshire's army of underwriters. Though it's also worth noting that the main reasons startups buy ins…
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