If you’re lucky, you have an employer who offers a great health plan that doesn’t cost too much. These days, millions of people aren’t so fortunate. Either they are unemployed, self-employed, or their employers don’t have health plans that meet their needs. The founders of the Las Vegas, Nevada–based InsureMonkey understood that searching for insurance
Sramana Mitra: That’s not what I want to know, though. I want to know what are the dynamics of the business model? David Stone: The dynamics of the business model are three core dynamics. First, you have to get the retailers that are offering the cards because without the retailers, you don’t have anything. The
Sramana: What were the circumstances behind that acquisition? Did they approach you? What was the rationale behind selling? Matt Dusig: They came to us in the summer of 2004. They were going public in August and they wanted to make an acquisition. They made us an offer that we laughed at. At the time, we
Sramana Mitra: So, you’ve been following the payments industry and the digital loyalty industry quite closely. David Stone: Right, and it’s that intersection that is my sweet spot: the digital consumer, how people pay and build loyalty, and how they give gifts and reward, and the confluence of those circles. And let me just say
Sramana: What was your process of collecting the individual data that your master database comprised? Matt Dusig: We would go to an affiliate and pay them a dollar for each person who signed up on our website. As the people signed up on our website, we had them fill out profiling surveys.
Entrepreneurs are invited to the 112th FREE online 1M/1M roundtable on Thursday, January 19, 2012, at 8 a.m. PST/11 a.m. EST/9:30 p.m. IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain constructive feedback and she’ll answer any of your questions. Others can “attend” to
How can entrepreneurs hijack capitalism back from the speculators? Sramana Mitra will be discussing Capitalism 2.0 and ways entrepreneurs and innovators can hijack capitalism back on Thursday, January 19th, at The Wharton Club of Northern California in Palo Alto, California. Please join us for a lively and interactive event. Doors open at 6:00 p.m. You