Tanner Hackett Built Billion Dollar Companies, His Next Project, AI Powered $50M Insurance Company Powered by AI. What's the Secret? - Ivan Patriki On the Margin

Backed by the same investors who funded SpaceX, I sat down with Tanner, serial entrepreneur and CEO of Counterpart, to get an honest look at what it actually takes to build something real fraom scratch.From cold-calling 40 people about a job offer in Malaysia and only trusting the two who said yes, to raising $50M to fix an industry everyone hates, to why working 14-hour days is his version of good mental health.This conversation goes places most founders won't touch. If you want to understand how normal people end up doing extraordinary things, watch this first. Counterpart is building the future of small business insurance using AI and data science. Instead of human underwriters trying to assess thousands of variables, their platform synthesizes data points to instantly quote, price, and place coverage for small businesses facing risks most of them don't even know exist, from wrongful termination to wage violations.They're backed by top-tier venture and private equity firms, and are on a mission to flip insurance from a reactive payout machine into a proactive risk prevention partner. 00:00:00 - Introduction00:01:02 - Best Day of His Life00:02:04 - What Is Counterpart?00:04:13 - The SpaceX Investor00:06:36 - How Great Investors Help You00:07:06 - Building Amazon for Southeast Asia00:08:46 - 38 Out of 40 People Said No00:10:21 - Insurance as Risk Prevention00:11:21 - Small Businesses Getting Fined00:13:52 - Is Insurance a Scam?00:19:03 - US vs. Dubai: Where to Build?00:20:44 - Stare Into the Abyss00:24:34 - Sacrificing Your Social Life00:26:40 - The Feedback Loop Philosophy00:31:10 - What Is Good Mental Health?00:33:58 - Building Counterpart for Life00:39:32 - Why Entrepreneurs Study Philosophy00:42:42 - Who Do You Look Up To?00:59:30 - Advice for the Next GenerationCheck out CounterPart:https://yourcounterpart.comMore of Tanner Hackett:https://www.linkedin.com/in/tannerhacketthttps://x.com/tan_hackMore of On the Margin:https://www.themargin.tvMore of Boaz Sobrado:https://x.com/sobradobhttps://www.instagram.com/sobradob/https://themargin.tv/boaz-sobradoMore of Ivan Patriki:http://www.linkedin.com/in/artizthttps://substack.com/@artizthttps://t.me/ivanpatrikihttps://www.instagram.com/artizt/https://www.tiktok.com/@ascendedhttps://x.com/Ivan_patrikihttps://www.facebook.com/ivanpatriki22/https://themargin.tv/ivan-patrikihttps://www.financemagnates.com/author/ivan-patriki/https://financefeeds.com/author/ivan-patriki/ This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.on-the-margin.com