a year as a corporate commercial attorney doing high-tech law . Then in the late ‘ 90s , I started what was my first startup and I ’ ve been in the tech sector ever since .”

That company was Alchemedia , which made cybersecurity software and was bought out by Finjan Software in 2003 . Next , he served as Vice President of Marketing and Business Development for M-Systems , which was the original inventor of the USB flash drive . It was yet again a successful exit for another company in which

Amount donated to charity so far

Schreiber was involved ; M-Systems was acquired by SanDisk for US $ 1.6bn in 2006 .

Schreiber stayed at SanDisk for several years after the acquisition , holding senior positions including SVP of Corporate Marketing and General Manager of Mobile Network Operators . He went on to co-lead Powermat Technologies , which provides businesses with end-to-end wireless power and charging solutions .

From nothing to smash IPO in five years He helped co-found Lemonade in 2015 and has led the business ever since , using his extensive background and business knowhow to guide the digital insurer through four different venture series rounds , then an IPO in July 2020 that saw Lemonade shares soar by more than 130 % on its opening day .

Today , Lemonade has a total market cap of US $ 865mn and over 1,100 employees on LinkedIn , split between Israel and the United States . It offers renters ’, homeowners ’, car , pet and life insurance , and is active in five countries : the US , Germany , the Netherlands , France , and the UK .

Reflecting on his success , he doesn ’ t think that people usually enter the insurtech space for the love of insurance . He told the Wharton FinTech podcast : “ It ’ s not a natural thing for a tech entrepreneur to want to go into insurance . It connotes all the wrong things . It ’ s perceived as being dull … retro-grade , heavily regulated [ and ] heavily capital intensive .”

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