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March 20, 2024

#35: 27-Year-Old Twins Raised $50,000,000 To Insure Rental Cars

#35: 27-Year-Old Twins Raised $50,000,000 To Insure Rental Cars

Michael and Simmy study the success of two startups.

In #35, Michael Sikand (@michaelsikand) and Simran Sandhu (@_simmy_) discuss Myko AI and Lula. Started by Trevor Lee and Zheng Li, Myko has raised $2.7M from investors like Khosla Ventures to create conversational AI for sales teams. Myko syncs across all the software in a revenue organization and can surface key metrics and insights via text prompts with the ability to then execute actions based off those data points. Next up is Lula, an insurtech startup founded by two 27-year-old twins, Matthew and Michael Vega-Sanz. They built a car sharing startup for college campuses before pivoting to build "stripe for insurance," with their first market being rental car companies and trucking fleets. The co-founders claim they're on the path to $100M in revenue in the next year and recently raised a $35.5M Series B.

0:00 Intro

1:00 Story of Myko AI

22:30 Story of Lula

28:50 Michael and Simmy Brainstorm An Insurance Business

Follow the show on IG: @ourfuturepod

Message Michael on Twitter: @michaelsikand

Message Simmy on Twitter: @_simmy_

Our Future Podcast is a production of Morning Brew.

#business #startups #podcast

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