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Spiros Margaris highlights the successful public debut of Ethos, a company backed by Sequoia. Unlike many of its life insurtech rivals that failed to enter the public markets, Ethos benefited from timely strategic decisions.
According to Margaris, the company distinguished itself not through hype but by pivoting early towards profitability as access to easy money waned. Ethos went public as a functioning business rather than a speculative promise, standing out in 2026's challenging market conditions.
Ethos's disciplined approach amid tightening financial conditions draws notable parallels to disputes over fintech practices, such as the Baltimore mayor’s recent lawsuit targeting excessive fees at Dave. Such developments underscore broader shifts in financial services, a landscape that has also seen technology giants like Google achieve record-setting results on Wall Street through strategic pivots and innovation.