Thank you, I have read through your analysis as well and think it has a lot of interesting points. Regarding retention, I chose to not incorporate regulatory or underwriting risk driven cancellation to capture demand…
Thanks! After drafting & reading S-1s for years, my superpower is skimming through quickly :) On your first point, Lemonade's loss ratios are currently higher than industry average. This is likely tail weighted & driven…
Hi all, I think this thread has been full of great discussion, and there has been many questions surrounding Lemonade's financials and strategy. I am a former investment banker, and enjoy analyzing companies in my spare…
Unfortunately their LTV / Cac is terrible, I've provided a full teardown on what parts of the S-1 trouble me the most (unit economics and revenue growth). https://balancedview.substack.com/p/lemons-for-lemonade Their…
Thank you, I have read through your analysis as well and think it has a lot of interesting points. Regarding retention, I chose to not incorporate regulatory or underwriting risk driven cancellation to capture demand…
Thanks! After drafting & reading S-1s for years, my superpower is skimming through quickly :) On your first point, Lemonade's loss ratios are currently higher than industry average. This is likely tail weighted & driven…
Hi all, I think this thread has been full of great discussion, and there has been many questions surrounding Lemonade's financials and strategy. I am a former investment banker, and enjoy analyzing companies in my spare…
Unfortunately their LTV / Cac is terrible, I've provided a full teardown on what parts of the S-1 trouble me the most (unit economics and revenue growth). https://balancedview.substack.com/p/lemons-for-lemonade Their…