The impulse to make the comparison makes sense. The reality is a bit different, probably leans in the right direction but is buffered by learning. I’ll explain. There is no upside to delaying purchasing if you think things will get less expensive. There is however upside in building today even if you have to rebuild tomorrow, and that upside is in learning the problem space. Specifically, what is likely to be trivialized and what truly requires domain knowledge. Horizontal apps? Little domain knowledge to encode. Vertical app? More domain knowledge to encode. Separately, there are more ways to differentiate than distribution alone, see verifier’s law. Problems that are challenging to verify are challenging for AI to trivialize.
Modern Life | NYC/Remote | looking for Software Engineers & a Product Designer
We are innovating how life insurance and long-term financial wellness products are distributed, leveraging data, design, and technology.
Life insurance alone is a $150 billion market in the United States with incredibly outdated and burdensome solutions. Purchasing life insurance and other long-term financial wellness products can be a daunting process where most customers have a challenging experience.
Previously, I co-founded Petal, another Fintech with a strong social mission.
We're backed by Thrive Capital in NYC. We're pretty much at inception so this is a great opportunity to get in at the ground floor and have a real impact.
If you’re product-minded and excited about the prospect of building something special from scratch, please reach out.
Petal | New York, NY | Senior/Mid-level Software Engineers | Onsite or Remote (US)
Petal makes credit simple, transparent, and accessible.
We use machine learning to analyze cash flow data to augment traditional credit score-based lending decisions. Because of that, we're able to expand access to fair and honest credit to people who might otherwise be forced to use predatory subprime credit products. If we're successful, we could change the entire industry for the better by making cash flow underwriting the standard.
We're venture-backed, post-Series B, and growing fast. Please apply if you're a product-minded engineer and interested in growing the impact of our social mission.
Petal | New York, NY | Infrastructure and Data Engineers | Onsite or Remote (US only)
Petal aims to expand access to fair, honest and transparent credit. We're a credit card without any fees, that you can apply for without a credit history, that never tries to trick you, and gives millions of Americans access to credit who have previously been overlooked.
At Petal, we’re using fresh thinking and cutting-edge technology to make credit honest, simple and accessible. We use machine learning to analyze more data in our credit decisions, which means more people qualify, even if they’ve never had credit before. And we use behavioral science and smart, intuitive design to offer a simple, customer-centric product that’s engineered to achieve better financial outcomes -- with straightforward terms and no fees whatsoever. The result is an exciting new approach to credit that has the potential to radically expand credit access and improve the lives of millions of consumers, shaking up a trillion dollar industry in the process.
Our engineering and product team comes from Square, Addepar, Marcus, SpaceX and Mint.
We started Petal to give credit to people who deserve it – and made it honest, simple, and accessible. We cut through all the fine print, ditched the fees, and created a credit card that makes your life a little easier.
Our founding engineering and product team comes from Square, Addepar, Marcus, and Mint.
Petal | Software Engineer | New York, New York | VISA, INTERNS | Full-time 100k-160k + equity
We are on a mission to reinvent consumer lending by intelligently granting credit to those who traditionally have been shut out of the market. We're using cutting edge tech and a world-class user experience to build a credit card experience that fixes long-standing industry problems. We're looking for a talented engineer to join the team and continue making the vision reality.
We are on a mission to reinvent consumer lending by intelligently granting credit to those who traditionally have been shut out of the market. We're using cutting edge modeling techniques and a world-class user experience to build a credit card experience that fixes long-standing industry problems. We're looking for talented engineers to join the team and continue making our vision reality.
