At 11eight we are passionate about learning. By sharing our insights and perspectives and encouraging constructive debate, we can help corporates and start-ups and emerging growth businesses to make the world better. We also share exciting propositions and the journeys of some of the start-ups we work with. You can find our stories about inspirational females in the start-up ecosystem here.
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89 Interesting Start-up Statistics
Here is a collection of stats about start-ups we found interesting and useful. How many start-ups are there? How successful are start-ups? How does age impact the likelihood of start-up success? What roles or skills are critical for start-up success? Are men or women better start-up entrepreneurs? What are some of the key statistics for Australian start-ups?
Corporate Innovation Blockers
Innovation and experimentation are becoming increasingly important capabilities in an increasingly dynamic competitive environment. However, many organisations struggle. Executive surveys highlight disappointment with innovation efforts. Great article covering some of the fallacies/myths that undermine innovation…
Tesla Getting Serious About Motor Insurance?
Watch out insurers, Tesla has launched another insurance product, promising owners rates 20%-30% lower than other insurance providers…
Lemonade hits 1 million active users
About 1,500 days after its initial launch, some 15-45 years faster than industry leaders such as State Farm, Allstate, GEICO, and USAA Lemonade has hit 1m active users. Impressive! The Lemonade journey has been a fascinating one…
What is a start-up? And six other start-up questions answered
There are a lot of questions about start-ups. Here we have provided some of our answers to some of the more common ones. What is a start-up? What is the difference between a start-up and a small business? What are some of the key characteristics of start-ups? What are the different phases of a start up? What are the roles in a start-up? How many start-ups are there? How successful are start-ups?
Corporate Innovation & COVID19 - How should you proceed?
Pre-COVID19, innovation had been high on the list of priorities for almost all businesses. COVID19 has put innovation and every other business expense under the microscope. What does the research say your business should do? What are the risks of slowing down or stopping? Ramp-up or shut it down.
The Four Critical Phases of a Start-Up
VCs use lots of terms to describe a start-ups phase - (pre-seed, seed, post-seed, pre- Series A, Early A, A, Late A, B, C, D…). At 11eight we like to consider four phases of start-up. Find out what they are…
6 Key Innovation Insights From Business Surveys
Innovation is a topic that has been getting a lot of attention over the past few years. Having recently trawled through some of the Executive surveys covering innovation, there are some common and important themes that provide some useful insights for anyone involved in leading or doing innovation. Find out what the six key insights are…
Ikea Goes Into Banking – adding to its Insurance efforts in partnership with Swiss Re
Ikea’s owner has acquired a 49% stake in Ikano Bank. The bank’s retailer-friendly products could enable Ikea to follow the lead of other large retailers exploring buy now, pay later offerings…
Root Insurance Results
Root Insurance has announced its full-year 2020 results. Some EOY metrics like premium growth, customer numbers and loss ratio have improved. Root recorded…
Home Insurance Start-up Hippo lands a big raise
Insurtech unicorn Hippo closed a $350 million round to help it expand into more of the U.S. Hippo is a super interesting home insurance challenger…
Why Is It So Hard To be a Data Driven Company?
To compete today, companies need to be data-driven. But for mainstream, legacy companies, that’s easier said than done. Despite a decade of investment and the adoption of Chief Data Officers, this survey of Fortune 1000 senior executives finds that many companies are…
CDR and insurance - good and bad!
The Financial Rights Legal Centre has outlined what it sees as the positives and negatives from the application of the Consumer Data Right (CDR) to the insurance industry. Of particular concern is more granular pricing that 'prices' people out of the cover they need…
Guaranteeing AI performance
Fascinating new insurance product by MunichRe - aiSure. Insurance to guarantee the performance of AI used by corporates or start-ups. "aiSure™ is an insurance product for AI providers who wish to offer insurance-backed performance guarantees…
Five Insights for Navigating Digital Change
The digital economy is here to stay – but are you and your organization ready to harness its full potential and come out on top, or are you sailing without a compass on a cloudy night?