They’re not really, it’s just the YC hype cycle. The business is selling insurance to other YC startups with some AI flair. They’re not even the first YC startup to do this, a previous YC insurance startup was acquired a few years ago for ~$1bn. So, they’re worth 3x the exit of the exact same company… because of what, AI? The fact that they’re cloning other software to release SaaS products is extremely bearish. Why are they wasting their time on this? A wildly successful $3bn startup would not spend their precious resources by launching a $10/m document sending SaaS. They’ll be doing down rounds soon enough. Could you imagine Paul Graham encouraging this?