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Mike Lloyd: Building Resilience, Distribution, and Cyber Insurance Innovation // #61
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Mike Lloyd’s entrepreneurial story began with a simple childhood side hustle—burning CDs for friends in his small Michigan hometown. That spark of ingenuity set him on a journey from studying at MIT and Harvard to launching and scaling companies that reshaped industries. In this episode of Forward Obsessed, Mike delves into the pivotal moments that defined his path, sharing the highs and lows of his journey.
He opens up about the painful lessons learned from his first failed startup and how he transformed those experiences into a winning formula for success. Mike reveals the critical importance of mastering distribution, his obsession with solving meaningful problems, and how COVID and Bitcoin propelled his cyber insurance company to the forefront of the industry. Whether you’re an aspiring entrepreneur or simply love a compelling story of resilience and growth, this conversation is full of inspiration and actionable wisdom.
🔎 Find Out More About Mike Lloyd
LinkedIn: https://www.linkedin.com/in/mikelloyd
Twitter: https://twitter.com/MikeLloyd
Corvus Insurance: https://www.corvusinsurance.com
Chapters:
00:00 - Introduction to Mike Lloyd
04:10 - Small-Town Beginnings: Burned CDs & the Hacker Spirit
08:45 - Learning Early Business Lessons
13:00 - From Soccer Dreams to VMI and MIT
19:30 - Why Engineering Shapes Problem-Solvers
24:15 - The Shift from Academia to Startups
29:00 - First-Time Founder Failures and Hard Lessons
35:20 - Obsessing Over Distribution: A Game-Changer
39:40 - Building Corvus Insurance with Phil Edmondson
44:15 - The Role of Brokers in Insurance Distribution
50:00 - Finding Product-Market Fit in Cyber Insurance
55:30 - COVID as a Catalyst for Cyber Insurance Growth
01:03:15 - Bitcoin’s Role in Cybersecurity’s Evolution
01:08:20 - Fundraising Tips for Entrepreneurs
01:14:45 - Partnering with Travelers: A Behind-the-Scenes Look
01:22:30 - Lessons in Failure, Resilience, and Letting Go
01:30:00 - Advice for Aspiring Entrepreneurs and Parents
🔗 Other Links & Resources:
Crossing the Chasm by Geoffrey A. Moore: https://www.amazon.com/dp/0062292986
The Hard Thing About Hard Things by Ben Horowitz: https://www.amazon.com/dp/0062273205
Measure What Matters by John Doerr: https://www.amazon.com/dp/0525536221
🔴 Support & Connect
Forward Obsessed Website: www.forwardobsessed.com
Instagram: https://www.instagram.com/forwardobsessed/
TikTok: https://www.tiktok.com/@forwardobsessed
LinkedIn: https://www.linkedin.com/showcase/forward-obsessed/
#entrepreneurship #startups #forwardobsessed
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