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Greg Eisenberg

๐Ÿ‘ค Speaker
1747 total appearances

Appearances Over Time

Podcast Appearances

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

So for example, I was just watching the annual meeting for Berkshire Hathaway and they had this guy named Ajit who runs all their insurance businesses. And he was saying how there was like a year or two where Berkshire Hathaway did not insure any homes in Florida because they, based on their research, they're like, there's gonna be a hurricane and they're gonna lose a lot of money.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

So for example, I was just watching the annual meeting for Berkshire Hathaway and they had this guy named Ajit who runs all their insurance businesses. And he was saying how there was like a year or two where Berkshire Hathaway did not insure any homes in Florida because they, based on their research, they're like, there's gonna be a hurricane and they're gonna lose a lot of money.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

And then, but now, For whatever reason, they have data that's saying, we are going to insure in Florida. So as risks changes, they decide what to underwrite and how to think about this. But insurance is an incredible business. Why?

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

And then, but now, For whatever reason, they have data that's saying, we are going to insure in Florida. So as risks changes, they decide what to underwrite and how to think about this. But insurance is an incredible business. Why?

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

And then, but now, For whatever reason, they have data that's saying, we are going to insure in Florida. So as risks changes, they decide what to underwrite and how to think about this. But insurance is an incredible business. Why?

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

Because you're selling something, let's say for $5,000 a year, and it's literally a piece of paper that says, if this bad thing happens, I will give you money or something. But you're getting all the funding In the beginning, right? Yeah. So it's a beautiful business model if you understand how to underwrite for risk.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

Because you're selling something, let's say for $5,000 a year, and it's literally a piece of paper that says, if this bad thing happens, I will give you money or something. But you're getting all the funding In the beginning, right? Yeah. So it's a beautiful business model if you understand how to underwrite for risk.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

Because you're selling something, let's say for $5,000 a year, and it's literally a piece of paper that says, if this bad thing happens, I will give you money or something. But you're getting all the funding In the beginning, right? Yeah. So it's a beautiful business model if you understand how to underwrite for risk.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

I love it. We have time for one more idea. I could either give you an idea that you can give feedback on or you can give me an idea that... It's up to you.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

I love it. We have time for one more idea. I could either give you an idea that you can give feedback on or you can give me an idea that... It's up to you.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

I love it. We have time for one more idea. I could either give you an idea that you can give feedback on or you can give me an idea that... It's up to you.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

Cool. Let me pull it up. So I saw this tweet by this guy at CanadaCaz. Someone needs to build an AI agent that is good at financial analysis. They will make an obscene amount of money and make the world a better place by freeing thousands of hours a day that some of our smartest people spend typing numbers from annual reports into Excel sheets. And then people responded.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

Cool. Let me pull it up. So I saw this tweet by this guy at CanadaCaz. Someone needs to build an AI agent that is good at financial analysis. They will make an obscene amount of money and make the world a better place by freeing thousands of hours a day that some of our smartest people spend typing numbers from annual reports into Excel sheets. And then people responded.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

Cool. Let me pull it up. So I saw this tweet by this guy at CanadaCaz. Someone needs to build an AI agent that is good at financial analysis. They will make an obscene amount of money and make the world a better place by freeing thousands of hours a day that some of our smartest people spend typing numbers from annual reports into Excel sheets. And then people responded.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

There's this guy named Shiel Manote who writes, I get at least one pitch a week on this topic, but I haven't seen anything compelling yet. I think this idea around a financial advisor agent is kind of the dream. I'm curious, what do you think of something like that? Because when you think of a financial advisor, for example, they act like an agent. They act like AI, right? They're like,

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

There's this guy named Shiel Manote who writes, I get at least one pitch a week on this topic, but I haven't seen anything compelling yet. I think this idea around a financial advisor agent is kind of the dream. I'm curious, what do you think of something like that? Because when you think of a financial advisor, for example, they act like an agent. They act like AI, right? They're like,

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

There's this guy named Shiel Manote who writes, I get at least one pitch a week on this topic, but I haven't seen anything compelling yet. I think this idea around a financial advisor agent is kind of the dream. I'm curious, what do you think of something like that? Because when you think of a financial advisor, for example, they act like an agent. They act like AI, right? They're like,

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

okay, what's your risk tolerance? What are your goals? And then they have a model based on that. We're going to buy companies like this. And it just feels like something that the best possible financial advisor to me is probably an AI agent because they'll just have access to way more data and they'll act with less... Humans act when fearful.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

okay, what's your risk tolerance? What are your goals? And then they have a model based on that. We're going to buy companies like this. And it just feels like something that the best possible financial advisor to me is probably an AI agent because they'll just have access to way more data and they'll act with less... Humans act when fearful.

The Startup Ideas Podcast
Peace of mind business ideas (and why they print cash)

okay, what's your risk tolerance? What are your goals? And then they have a model based on that. We're going to buy companies like this. And it just feels like something that the best possible financial advisor to me is probably an AI agent because they'll just have access to way more data and they'll act with less... Humans act when fearful.