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by cloudwalking 4944 days ago
Instead of an insurance comparison service, these guys should start an actual auto insurance company.

Nobody likes insurance companies, so there's certainly a market for an insurance company that people love.

Be ambitious. Build something big. Comparison sites are not a big or ambitious idea. Comparison sites are a feature of bigger platforms. If you're building a platform, call it that. Otherwise, build something bigger.

4 comments

Insurance is one of the most highly regulated industries out there (even more so than banking). It's also almost entirely regulated by state insurance commissions (-> many arcane one-off regulations, and a fair amount of political games). Take the regulatory difficulties Uber, etc. are running into, and multiply by 100.
According to the article on pandodaily (also on the front page at the moment), that's part of what they are doing too.

http://pandodaily.com/2012/12/05/from-kidnapping-and-bribery...

Agreed. I thought that's what it was at first, and I got really excited :)
Me too! :(
"Empirically, the way to do really big things seems to be to start with deceptively small things."

http://paulgraham.com/ambitious.html