Pop Quiz, Monday with Gilad Shai, Founder at BOUND

The Pop Quiz, Monday is a fun little exam that we love to give to savvy business owners. The examination is not a surprise after all since the interviewee already knew about the questions in advance. However, we can always pretend and have fun with the scenario of a young entrepreneur sitting in class nervously biting on their pencil. They are ready to take a pop quiz on a chapter that they were supposed to read the night before. Instead, they played Metroid all night on their SNES (Oops, this was me in high school). The real purpose of the pop quiz is that this is a fun way to introduce business tips from real-world experiences that you can not learn in a classroom. We want to thank our entrepreneur for being a good sport and volunteering their time to answer a few questions to help our community grow from their knowledge.

I want to introduce you to our guest today who will be taking our Pop Quiz Monday.

Can you please tell everyone your name?
Gilad Shai

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Photo credit: Gilad Shai

What is your job role?
As a founder, my job is to build a company. That means to assemble a team that can create a product and a service that other organizations will find valuable and will to pay for it. In BOUND’s case, understand the insurance industry and the InsurTech ecosystem, analyze the forces that operate it and regulations.

Tell us about your company?
BOUND is a performance marketing platform that utilizes Embedded Insurance Technology.

What do you love most about your job?
BOUND is in an early stage. I love that every day there is a positive marginal development and we question the business.

What motivates you to get up every day and go to work?
The desire to see a successful business. The hardest part will be to pivot if we discover that there is no market fit.

What are some of the challenges of your job?
Cracking the “normal.” I don’t want to build a product only for the “innovators” or the “early adopters.”

What are some lessons learned from a past project that you can share with us?
One needs to be a Zen warrior.

What advice would you give to someone who is starting in your industry?
You or your co-founder need to have industry knowledge and to understand why things are as they are.

Thank you for taking our pop quiz today. You get an A+ for effort. You can learn more about our interviewee and their business by visiting them on the web:

Author: Ricky Singh, MBA

Editor of The Startup Growth.

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