Despite messy IPOs, there’s good reason to be optimistic about insurtech startups

It wasn’t a surprise to learn that former scooter unicorn Bird is pursuing a reverse stock split. The company isn’t treading new ground here — it isn’t the only tech firm that has IPO’d in the past couple of years to consolidate its equity in hopes of keeping its share price above $1 to avoid a delisting. Root Insurance did the same thing last August. As did Hippo, another former insurtech startup.
Root and Hippo were very much part of the trend that saw several consumer-facing insurance startups going public during the last venture boom, as were MetroMile and Lemonade. Since

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