https://en.wikipedia.org/wiki/Mutual_insurance
https://en.wikipedia.org/wiki/The_Equitable_Life_Assurance_S...
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...)
The question is why investors, who are supposed to be well informed, continue to back companies that know so little about the industries and markets they're operating in.
And the funny thing is, we do X but with lower costs/higher margins than existing companies A, B and C because Y is actually a compelling pitch...
Twitter? Blogging, but you can only write two sentences. That's shitty!
Vine? Video uploading, but you can only store a few seconds. That's shitty!
Snapchat? Chat, but your messages disappear after a few seconds. That's shitty!
Less is more, sometimes.
That's...better. But it also depends on where you prefer to talk tech.
I think that the OP is drawing issue with the fact that the title described it as "the world's first P2P insurance."