Announcing our investment in Nexus Mutual, a people-powered alternative to insurance
Version One Ventures
OCTOBER 3, 2019
We are very excited to announce our investment in Nexus , an Ethereum-based insurance mutual. The concept of a mutual insurance (an insurance company that is owned entirely by its policyholders ) is one of the earliest insurance organizations and goes all the way back to England in the late 17th century to cover losses due to fire. Over time, capital requirements for insurance companies became quite large and most insurance companies have adopted the model of a “stock insurance company” (an insu
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