Don't see a lot of posts regarding how it is working there? Just wanted to know about what the engineers think about the place. TC: 260K #tech #hippoinsurance #hippo
I’ve been here less than 1 year. Before starting I was a little concerned about the culture, especially after reading reviews that didn’t project the most positive experiences. Honestly my experience has been incredibly positive. From the very beginning, dealing with recruiters and the interview process was incredibly smooth. Onboarding was well structured and somewhat personalized (wiki pages for me specifically, onboarding buddy, etc). The work environment does feel fast paced, but only in the sense that we’re able to deliver quickly. I have yet to feel any sort of pressure to work beyond the current pace, though this may vary by team. My manager encourages me to spend the time to learn about the systems that I’m working with which is nice. Plenty of legacy code as we move from early startup to a more established company, though there is a directed effort to resolve this in all cases. I have a tremendous amount of respect for our CEO. He’s very much ‘in the trenches’ so to speak. Hard worker, no bullshit kind of guy, but also quite funny. Very intelligent dude. Not that it matters but he is also a lot bigger in person than he seems in zoom calls. Feel free to ask questions, I’ll do my best to answer what I can. Not overly concerned about the IPO, can speak more to this if there’s interest. TC around 300k, YOE 4-6
This is quite reassuring to see, as I am joining soon. Thanks for the detailed answer, really appreciate it!
Of course. Obviously there will be varying opinions of the company depending on the person/team/org. I wasn’t able to find many experiences before joining, glad to be sharing my own. Welcome to the Pod btw 🙃
I was considering Hippo but the business looks like it is in a bad shape. The payout premium ratio looks dangerous to the point where they will need to take debt or dilute to survive at the current rate. Growth will be challenging because they don't have enough to spend. Worse yet the spac deal fell apart and they won't be getting a big chunk of the ipo money. Lemonade was smart enough to raise huge amount of cash before the crash but Hippo's timing was unfortunate.
Didn't hippo get most money from pipe at 5b valuation? There is only very liitle money planned from public spac company? I know among that small portion money from spac, 50%+ were withdrawn, but they are small anyways compared to pipe.
Ya they got the pipe money around $500m and about $200m bailed from the trust. That's still a big loss for Hippo. The rate at which they are losing money there is a lot of pain ahead and they need this cash. They need to expand out of Texas and customer acquisition and cost won't come easy. Not sure if this is Reid Hoffman's first direct venture in to the public markets but he surely miscalculated this one.
Anyone?
They must be busy dumping their shares
Hahaha yeah true!