Thought Leadership

FS Monthly Roundup: October 2018

Carl Niedbala
Updated: Sep 15, 2024

TL:DR

Key Takeaways

Carl Niedbala

Managing Partner; COO & Co-Founder

INSURANCE

How Elon Musk’s antics highlight the importance of D&O insurance
How to manage insurance needs in rapidly evolving business environments. L

Read the blog posts below

COMPANY

Our very own Eric Schneider sat down with the guys over at the Block Party podcast. He talks about how to manage insurance needs in rapidly evolving business environments. Listen to it on Spotify.

We’re pumped about our new Culture Page. The goal is to give you a glimpse into our lives at Founder Shield and what it really means to work here. At the end of the day, we’re a big, weird, rambunctious, passionate and supportive family and we hope that this helps you get to know us a little bit better!

The broking team made the trip out west to San Francisco to meet with some of our A rated carriers. They spent the time securing some new products and enhanced coverages for our clients and had a little fun while they were there. Ok maybe more than a little… big thanks to the teams at CRC and Coalition.

FS Broking Team

We’ve set up a new reviews platform that you may have noticed on our website. We want to highlight honest feedback from our clients and have an outlet to share their experience. You can check out what they have to say here.

And last but not least, we’re excited to welcome Jack Shirley to the Founder Shield sales team!

Carl
Co-Founder & COO

Client Spotlight

Every month we like to feature some of our awesome, innovative clients in our monthly roundup and newsletter (you can sign up here if you haven’t already).

CryptoKitties are one of the most accessible and delight-driven ways to experience blockchain technology. Each CryptoKitty is a one-of-a-kind cryptocollectible. Players can breed their Kitties to create new furry friends, unlock rare traits and new kinds of cats, and sell their Kitties for purrsonal profit. The future is meow!

Washe is the largest on-demand car washing app bringing mobile car washers to the customer’s location. Washe started in South Florida in 2016, has washed 200,000 cars and has been expanding to California and other new markets. Washe is strategically positioned to disrupt a very large, established industry around the traditional car washing marketplace, with innovating the customer experience and providing the convenience of bringing the car wash to the customer.

Chase West is a new unisex watch brand with a stylish design at an affordable price. The perfect addition to your collection designed in “Old Country America”, the vintage style is a trademark of Chase West. They have a range of unique faces and interchangeable straps to choose from. They’re offering Founder Shield readers a special pre-launch discount of 25% discount on all styles with code FOUNDER. Click here and the discount will auto apply at checkout.

Fund That Flip is the leading online marketplace for residential real estate investments. As the only fintech platform focused exclusively on the residential fix-and-flip market, Fund That Flip attracts the country’s top redevelopers to provide investors with top quality, short-term real estate projects. With as little as $5,000, investors can earn 8-10% annual returns on pre-vetted, low LTV, real estate-secured loans. Fund That Flip offers unprecedented visibility into each project, enabling investors to be highly selective in the loans they choose to fund.

See how they unlocked access to residential real estate investing at www.fundthatflip.com/lender.

News

Meal Kit Money – VC’s are hungry this year. They’ve poured a massive $3.5 billion into food and grocery delivery services this year—more than triple what VCs invested in all of 2017. Instacart got a $600 million investment that put its valuation at $7.6 billion. Doordash has a $4 billion valuation, making it worth as much as Wendy’s.
Red October – The S&P 500 lost almost $2 trillion for its worst month since September 2011. The Dow lost 5.1% for the month, the S&P 6.9%, and the Nasdaq 9.2%. The main drivers? Fears corporate America is closing in on peak earnings, concerns over a trade war with China, and worries about rising interest rates.
Big Boost for Big Cannabis – Canada became the first G7 country to legalize recreational marijuana. Interestingly the biggest impact may be felt in the business world. CIBC analysts said the Canadian weed industry will reach $6.5 billion in retail sales by 2020.
USA #1 – Feels good to be number 1 right? for the first time since 2008, the U.S. grabbed the No. 1 spot in the World Economic Forum’s global competitiveness index, which used 98 different indicators to rank 140 different economies.

Fun Stuff

Morning Brew – we’ve given The Brew a shoutout before but we think they’re worth another mention. They’ve gone and upped the ante by launching a Saturday edition. If you’re a fan of tech news in digestible nuggets blended with some witty humor, make sure to subscribe here.
New iPad Pros – See you later home button, hello Face ID. The new iPad Pros will get the upgrade the iPhone X earned over a year ago, plus an edge-to-edge LCD display.
The year was 2045 – The geniuses at Popular Mechanics asked other geniuses to envision what the world will look like in 2045. You will not be disappointed
Chart of the Month – Amazon has faced a lot of scrutiny over worker conditions and pay. In response to this they’ve implemented a $15/hour minimum wage for all US employees but how does that compare to the competition?

chartoftheday amazon hourly wage n