Worldcover is among an emerging class of profit-seeking startups, who have a chance to make a socially-positive impact on a huge scale.
I recently witnessed a tectonic shift in the making, which could lead to massive social impact. At this winter's YC Demo Day...what struck me was the emergence of a new breed of purposeful for-profit companies that want to have social impact. WorldCover, is a for-profit company that aspires to provide the 90% of smallholder famers around the world with access to crop insurance. In countries like Ghana, there is no social safety net. Every farmer is one natural disaster away from ruin. WorldCover provides a transformative safety net using satellites to monitor the rainfall and trigger payouts automatically. I’ve gotten to know the founders Chris Sheehan and Shiliang Tang. I think WorldCover has the potential to touch millions of farmers around the world and change their lives. This is impact on the biggest scale.