Where Crypto Companies Go Wrong with Sophia Zaller, Underwriter for Relm Insurance | Overpriced JPEGs #58

✨ SUBSCRIBE TO THE OVERPRICED JPEGS CHANNEL ✨ https://bankless.cc/jpegs  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://jpegs.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: https://availableon.com/overpricedjpegs  ------ BANKLESS SPONSOR TOOLS: 🔐 LEDGER | NFT MARKETS https://bankless.cc/LedgerOP3N  😎 BUENO | CREATE NFTS WITHOUT CODE https://bankless.cc/Bueno  🔑 COINSHIFT | TREASURY MANAGEMENT https://bankless.cc/Coinshift  🌐 SINTRA | NFT SOCIAL NETWORK https://bankless.cc/Sintra  ------ Timestamps: 0:00 Intro 1:33 How Relm Fills the Need for Web3 Insurance 5:18 Why do Web3 Companies Need Insurance? 7:33 What Did Companies Do Before Relm? 9:17 Can NFT Projects Get Insured? 10:27 Potential Liabilities for Uninsured Companies 11:38 The Ins and Outs of "Smart Contract Insurance" 13:20 How Could Insurance Have Helped the Akutar Mint? 14:38 What Kind of Insurance Do I Need if I'm Micah Johson? 16:55 How Much Insurance (from Relm) Can Cost 18:25 (Not) Insuring Anonymous Founders 18:49 Relm's Horror Stories 19:49 Obvious Corporate Red Flags 21:24 Who's Making the Cut for Relm 22:59 Adverse Selection, or, Covering Your Criminal Ass 26:16 The Many Layers of Insurance 27:59 Why Your CEO Might Not Get Coverage 28:20 Why Women Make Better Underwriters 31:40 How Has "The Bear" Affected Insurance? 32:42 What Would (D&O) Insurance Cost for Overpriced LLC? 33:44 The Competitive Landscape for Crypto Insurance 36:12 What Is a Decentralized Insurance Provider? 37:20 How Does the Market Look Now (From Relm's Perspective) 38:40 What Trends Sophia Sees Coming 40:57 The Split Between Web2 and Web3 Insurance 44:32 Sophia's Choice (of Insuring Versus Investing) 45:26 Is Sophia ACTUALLY a Bitcoin Maxi? 56:34 When Does Relm Actually Have to Pay Out? 58:51 Outro ------ Resources: Sophia's Twitter: https://twitter.com/sophiamzaller  Relm Site: https://relminsurance.com/  ------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures