Crain's NY Business: "Looking for love, insurance startup Lemonade seeks IPO"

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Crain's NY Business: "Looking for love, insurance startup Lemonade seeks IPO"

Excerpt from Crain’s New York Business quoting DataTrek’s Nick Colas:

…. “The S-1 feels a lot like Uber’s,” said Nick Colas, co-founder of DataTrek Research. His observations are worth heeding because ahead of the e-hailing app’s much-hyped IPO last year, he gracefully laid out how—contrary to the story told by well-wishers—Uber was no Amazon….

….Even so, DataTrek says there’s no clear breakeven point for Lemonade’s business model. On the other hand, its prospects for growing into a sustainable enterprise look better than Uber’s. “At least you don’t need self-driving cars to make money selling insurance,” Colas said”….

Read the full article here on Crain’s NY Business.