Being tenacious, we held several intro sessions with each mentor, where we shared the details about our product, proposition, goals, problems, and doubts.
The result was a detailed 3-month action plan that presupposed dozens of meetings and mentor sessions to eradicate all the challenges on our way. It looked great on paper, but it appeared to be 100 times more exciting in reality. Data collection
Following the intro sessions, we had the list of stakeholders who could give valuable feedback on our solutions, help us validate hypotheses, and learn the actual problems that insurers face. We had an ambitious task to reach and explore every department of the insurance company, associated with the product like ours – innovation, underwriting, IT, telematics, procurement.
It’s not a stretch to say we reached everyone there – from telematics and mobility specialists to commercial auto underwriters and procurement managers. The results were above our expectations, as Draivn team:
✅ Got feedback from specialists at every level of the insurance company and from their professional perspective;
✅ Learned how to pitch Draivn in front of different stakeholders, which is highly important considering the number of departments we approach when introducing our product.
✅ Understood the problems that insurance companies face and the way they affect operations and sales.
The latter point is the most important, as now we know how to implement Draivn to solve these problems.
A typical approach to figuring out a problem/solution, you may say. But during the program, we could do this within literally a day, while it would take us months to achieve the same on our own.Executives and entrepreneurs in residence
Apart from the insurance companies, we had an opportunity to work with the leaders and experts in the financial, insurance, and venture industry. It granted us any kind of advice and support from the best in insurance, finances, investment, cyber-security, legal, and other areas.
And this was a priceless experience, as we got various perspectives on the current state of Draivn and our roadmap for the next few years. These meetings literally opened our eyes to the problems and opportunities we’ve been missing all these years and helped to shape Draivn as a solid solution.Lectures, panels, and speed-dating
The meetings with mentors and EIRs were only a part of the program, complemented by regular events FinTech Lab held for all the alumnis, including webinars, lectures, and workshops. Just imagine how it a young entrepreneur:
- Getting personal advice from the CEO of the world’s biggest private equity firms;
- Learning how to properly build sales from a serial world class businessman;
- Mastering best pitching practices with top US VCs.
Draivn team were these lucky young entrepreneurs that learned marketing, sales, legal, procurement, fundraising, regulations from the best firsthand.
And our personal favorite here were speed dating series with top-notch entrepreneurs, investors, and industry experts, which appeared to be the most efficient way to build a network and shape our strategic vision.
A tough schedule for 12 weeks, right? Yes, it was. So, if you are planning to be a part of the program and benefit from it, get yourself and your time ready for:
✅ 30 meetings (23 hours) with our mentors;
✅ 24 meetings (20 hours) with our EIRs;
✅ 15 meetings (24 hours) with the whole team at FinTech Events.
But the thing is worth the effort.