Posted by Willy Franzen on April 17, 2009. Jobs updated daily.
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A few years ago I had the idea of building a business that would allow people to financially hedge against bad weather. For instance, if you bought tickets to a sporting event above face value and were afraid that it might get rained out and leave you out a lot of money, you could buy a type of insurance that would pay you off if the weather caused the game to be cancelled. Apparently I wasn’t the only person to come up with this idea. WeatherBill is a San Francisco, CA based startup that is doing exactly that. Many think entrepreneurship is all about having a good idea, but it’s not. It’s about execution. WeatherBill is a perfect example of an awesome idea that is being executed well. The potential for this idea is absolutely unbelievable, and WeatherBill is already beginning to realize it. They don’t call what they offer “insurance” because there is no need for a claims process or a proof of loss. I guess you can call it a hedge, as it allows you to “get paid for weather that’s bad for business.”
Of all of the companies that I’ve featured here on One Day, One Job, WeatherBill has to be one of my favorites. I love that I can go straight to their website and get a quote on nearly any weather outcome. It’s dead simple, so if I decide to plan a weekend getaway for me and my girlfriend, I can protect myself against a washed out weekend. But that’s just the tip of the iceberg (not sure if you can hedge against those) when it comes to what WeatherBill does. They also offer the ability to resell their protection plans. They’ve already cut a deal with Priceline, to offer travel protection (like a Sunshine guaranteed vacation), and they have other industry solutions tailored to Travel, Agriculture, Events, Heating Fuels, Public Works, and Ski Resorts. The opportunities are endless. Here’s another example: a retail store can offer to make all holiday purchases free if it snows on Christmas Day. I think this is so cool!
What about jobs with WeatherBill? There are a couple of intriguing options. You can find all of the details on WeatherBill’s Careers page, but the two most suitable positions for new and recent grads are Quantitative Engineer and Business Development Associate. They do have some experience requirements, but I still think that they’re worth a look. I’m fascinated by their business, and if I didn’t already have a business, I’d probably be bending over backwards trying to find a way in. To apply for any of the jobs at WeatherBill, you need to visit a separate site. And no, I’m not going to guarantee the weather for you today, but it’s absolutely beautiful here in Chicago.
Links to Help You Begin Your Research
Will you give WeatherBill a try?
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