Diego Segura
@diegosegura
designer, writer, founder. currently obsessed with monetary theory, high finance, corporate law, regretting dropping out of high school, and sudoku. author of a 2018 book, “the dropout manifesto.”
diegosegura.meDiego Segura
Holed up in a room with a whiteboard, the founders sketched out what an ideal insurer would look like—from a Millennial’s point of view. It would be online only (no paper or insurance brokers), low-cost, easy to deal with and “trustworthy.” They weren’t naïve about needing insurance expertise and, in May 2015, recruited Ty Sagalow, a 36-year indust... See more
Jeff Kauflin • First, Fire All The Brokers: How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting The Insurance Business
“Getting a yield of less than 1% to lock up your money for up to 100 years might not sound like a great deal,” Bloomberg led its story about the com- ing of the Austria 0.85s, in June 2020, “yet the rush for safety means Austria’s century bonds [i.e., the 2.1s] have nearly doubled in value so far. That’s why the nation’s sale of new debt that matur... See more
Commercially, this season of Helmut Lang may sell better than it ever has for Fast Retailing. Walking out of the show, I asked a store owner if she planned on buying the collection, and she seemed keen on the blazers and jeans, which are reasonably priced. (Reasonable, in this case, means between $300 and $600.) And then, a shop-and-copy master (wh... See more
September Issues
The region-beta paradox describes the phenomenon whereby, sometimes, a person may benefit from being worse off versus just mildly off, because being worse off may mobilize them to take action to address the problem, whereas being mildly off can lead them to stagnancy.
Haley Nahman • #161: Unhappy medium
Rather than sell policies backed by established insurers (the way fintech competitors Hippo and Jetty do), Lemonade would become a licensed carrier itself, retaining claim liability on its own balance sheet.
Jeff Kauflin • First, Fire All The Brokers: How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting The Insurance Business
Last fall, as the panic heated up, hardly anyone had heard of Meredith Whitney. ``I guess my clients knew who I was,'' she says, ``but the rest of the world -- I don't think so.''
Top Financial News
Ultimately, Proenza’s fortunes unravelled for many of the same reasons so many of its peers are no longer in business: misallocation of funds, disagreements with investors, seismic shifts in the industry at large, and a fashion ecosystem that did a poor job of preparing young designers for the realities of entrepreneurship.
The Nine Lives of Proenza Schouler
The executive said the “cake was already baked well before March 10, when it failed.” Indeed, in the 24 hours before SVB collapsed, Becker told his team the bank had lost $40 billion in deposits in four hours. That’s when a call was set up between Becker, the Fed, the F.D.I.C. and the state of California. “We’re not going to make it,” they were tol... See more
Confessions of a Former SVB Executive
Merely stocking us, or any young brand, in your store doesn’t equal support. As a young designer you need structures and advice. Stores often have an ego because they stocked you first. But they need to do more. Where is the storytelling? How do you help us grow? Stocking a young brand is a huge responsibility many stores take too lightly. We, desi... See more