Kevin O'Leary
👤 SpeakerAppearances Over Time
Podcast Appearances
And every once in a while, when I hear something like that, it's usually in industries that are well-established.
And I'll give you an example.
Watch insurance.
The insurance market
is incredibly difficult to break into because it's highly regulated in every state and it's impossible to acquire customers from the behemoths and you know who they are.
And I'm a watch collector.
And so I'm not happy with my insurance options and many other watch owners are not happy either.
Cause the basic problem is you put it on your home plan, you know, as a rider,
And then 10 years later, your Rolex is stolen or lost, and it's worth five or 10 times what you bought it for.
And they're paying you out a depreciated value.
That's one of the problems with many houseplants.
But I remember people saying to me, oh, you can't get into that business.
And I say, bullshit.
Watch this.
My secret sauce is my army of followers that I tell the truth to.
And millions of them, over 10 million of them.
And I say to them, hey, guys, does anybody want to try a different idea for watch insurance?
If you don't want it, don't worry about it.
But I'm going to create this company called WonderCare.
And it's going to do an incredible job on watch insurance.