Athlete CEO #037: Skin in the Game | Joe Schmidt

Enjoy the Athlete CEO podcast? Leave us a 5-star rating & review to help others like you discover the show!

Episode Notes

Each week on Athlete CEO we feature select excerpts from interviews with trailblazers, the elite, those at the top of their field and the best at their craft with the goal to curate the best practices that you can leverage to unlock your human capital.

In this week’s installment with Joe Schmidt, we discuss the challenges in moving from investor to operator and why skin in the game may be the most important ingredient in choosing who to take advice from or where to invest your capital.

Joe is a former Notre Dame football captain, investor at venture firm Accel, and he is now the VP of Business Development at Ethos Life.

Follow Joe on Twitter: @joeschmidtiv 

2:01

Brandon Averill on Ethos Life disrupting the life insurance model and the need for disruption in the insurance industry.

2:58

Erik Averill on the transition for Joe on moving from being an investor to an operator within a company and how much skin in the game changes the approach.

4:20

Similar to working with consultants, you can only learn so much as an investor in a company. 

5:20

What exactly is Ethos, and what exactly are you doing there?  

Ethos LIfe is a next generation life insurance company that flips the archaic way of buying and selling life insurance on its head. There is a massive coverage gap with people who should have life insurance, but don’t because the process is so archaic. The goal of Ethos is to help and protect the next million families looking for life insurance.

7:00

The reason Ethos Life is attacking the life insurance market is to flip the current archaic model.

Joe Schmidt: “When it comes to life insurance, you have these companies and distribution models that really have not changed in 150 to sometimes close to 200 years.

11:10

What are the differences between the investing side of business and the operating side of business, and what are some of the challenges that Joe faces?

13:45

How did Joe Schmidt end up at Excel and how did being an athlete work in his favor?

Listen and Subscribe to the Athlete CEO podcast with Brandon and Erik Averill from AWM Capital on iTunes, Spotify, Stitcher or wherever else you listen to podcasts.

Want more Athlete CEO? Subscribe above!