As one Policygenius investor put it, “it’s a great opportunity for the company long-term.” According to our sources, the terms of the deal described as “really complex,” “not as simple,” and “stressful,” include an all-stock transaction that presents different outcomes for different people, with Policygenius co-founders – Jennifer Fitzgerald and Francois de Lame – securing a compensation package for the next 2-3 years in a combo of base salary, bonuses, and retention payments. Policygenius has merged with Zinnia in a “ strategic” move to combine its lead to sale capabilities with Zinnia’s issuance to claims capabilities, and there’s talk of becoming a public firm once the market recovers.
