For Context: TechCabal had an interview with Kola Oyeneyin, founder of Autogenius — a startup looking to disrupt the insurance industry in Nigeria. Having read the interview I culled up 5 valuable lessons for entrepreneurs who aspire to launch game-changing startups. The original interview of Autogenius is here.
1. Good idea that sounds like a bad idea
Peter Thiel was in Dublin recently for the Web Summit and after seeing him talk (along side 3 teen entrepreneurs from his foundation) I started to get a better grasp at his rant on ‘good ideas that sound like bad ideas’ and how these are ideas that eventually disrupt or carry attributes of true innovation. Ben Horowitz jumped on the bandwagon and this video of his does shed good light on the topic.
I realized that Insurance worked. I had tasted the value of insurance and I loved it.
I’d like to think Autogenius is one of such type of ideas especially since you can draw a parallels with the beginning of Airbnb as both Founders have secrets, in this case it is Kola Oyeneyin’s personal experience with insurance.