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Peter Colis
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Peter Colis

Peter Colis is the CEO and co-founder of Ethos, a new kind of digital life insurance company dedicated to making simple and ethical life insurance for families. Peter has an M.B.A from Stanford Business School.

LinkedIn: https://www.linkedin.com/in/petercolis
San Francisco, California, United States
Member since October 26, 2018
Quote
I am a passionate consumer advocate in the insurance industry and aim to educate consumers on life insurance to help close the growing gap the U.S. Quote_down
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Locations of interest
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Education
University of Colorado Boulder , BA , Philosophy
Stanford University Graduate School of Business , MBA
Skills
1. Planning. President Eisenhower said “Plans are nothing, but planning is everything”. I rigorously plan and contingency plan, and remind my team that hope is not a plan. 2. Being intellectually honest with myself and my team about what is going well and what still needs work. I stay away from vanity metrics, and instead look at the inputs which cause the outputs in our business. 3. Striking a balance between the impatience of a tech entrepreneur with the patience of an insurance executive.

I am a(n):

Entrepreneur

Companies I've founded or co-founded:
Achievements (products built, personal awards won):

My co-founder Lingke Wang and I built Ethos to help educate consumers on life insurance. Our ultimate goal is to close the growing coverage gap in America.

We began our quest to revolutionize life insurance by creating Ovid Life while rooming together at Stanford Business School. Ovid is a life insurance marketplace that helps seniors about to lapse their permanent life insurance, realize the equity value of their policy in a transparent marketplace that bids life settlement investors against each other for the benefit of the policyholder. From there, the idea for Ethos was born.

Since 2016, Lingke and I led Ethos’ launch out of stealth to help modernize the broken life insurance industry. We have raised more than $46M in financing, and earned the investments of Silicon Valley heavyweights such as Sequoia Capital and Google Ventures, as well as celebrity investment funds including, Arrive, a subsidiary of Jay-Z’s Roc Nation, Robert Downey Jr.'s Downey Ventures, Kevin Durant's Durant Company and Will Smith's Smith Family Circle.

If you are an entrepreneur, why?

I want to change the world.

My favorite startups:

23andMe, the product and customer experience are incredible. Just imagine what they can achieve with that wealth of genetic data.

What's most frustrating and rewarding about entrepreneurship/innovation?

The most rewarding thing about entrepreneurship is building an A+ team with a diversity of experience and skill sets. The goal is to hire highly successful team members and then get out of their way.

As you go deep into a business opportunity over several years, you discover all sorts of business opportunities that look attractive to pursue. But you need to stay very focused on achieving your clear vision and purpose.

What's the No. 1 mistake entrepreneurs make?

Bringing a product solution to a customer acquisition problem.

What are the top three lessons you've learned as an entrepreneur?

1. Incredible talent can come from all backgrounds
2. As you scale, make management your #1 core competency
3. Constantly ask yourself “Am I thinking big enough?”. No one but you has the authority on your own potential.

Full bio

Peter is a passionate consumer advocate in the life insurance industry. He and co-founder Lingke Wang built Ethos for that very purpose - to help educate consumers on life insurance to ultimately close the growing coverage gap in America. Ethos’ mission is to approach life insurance the same way we approach life — people first, money second.

Recognizing a dire need for change in the industry, Peter and co-founder Lingke Wang, began their quest to revolutionize life insurance by creating Ovid Life while rooming together at Stanford Business School. Ovid is a life insurance marketplace that helps seniors about to lapse their permanent life insurance, realize the equity value of their policy in a transparent marketplace that bids life settlement investors against each other for the benefit of the policyholder. From there, the idea for Ethos was born.

Since 2016, Peter led Ethos’ launch out of stealth to help modernize the broken life insurance industry. Peter has raised more than $46M in financing, and earned the investments of Silicon Valley heavyweights such as Sequoia Capital and Google Ventures, as well as celebrity investment funds including, Arrive, a subsidiary of Jay-Z’s Roc Nation, Robert Downey Jr.'s Downey Ventures, Kevin Durant's Durant Company and Will Smith's Smith Family Circle.

Peter and his co-founder Lingke started Ethos with one goal in mind: to make life insurance easy, accessible and affordable. Peter is continuing to lead the charge in turning this traditionally intimidating process and archaic industry into one that customers actually trust and love.