In this video, the Biz Doc Tom Ellsworth debates what drives market values more, SPAC’s or IPO’s. Tom dissects companies Root and MetroMile to determine the various ways both entities used to go public. Root Insurance Co. is a company that uses A.I. and other tools to figure out its customers driving habits and configure rates for car insurance. Meanwhile, MetroMile charges by the mile and determines rates by factoring in its customer’s zip codes and driving history. Tom also breaks down the meaning of InsurTech and how it relates to both companies. Watch the full video to see how Tom elaborates on how Root and MetroMile entered the Stock Market, and how well they’ve done in their first few days.
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MetroMile is a San Francisco-based technology startup that offers pay-per-mile car insurance, licenses a digital insurance platform to insurance companies around the world, and provides a digitally native offering featuring smart driving features, automated claims, and vehicle information.
Root Insurance Company provides car insurance to drivers in 30 U.S. states. Root requires drivers to download their mobile app and perform test driving for several weeks while the app monitors the driving behavior in the background.
THOMAS N. ELLSWORTH, is an experienced CEO / COO and veteran entrepreneur. He has been disrupting industries and driving consumer shifts through Venture-backed companies in technology, software development, publishing and mobile that have generated exits totaling over $1B. He’s also the host of Case Studies with the Biz Doc and A Beer and Business on the Valuetainment Channel.
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