Empowering Independent Agents In Insurtech With Adam Blumencranz

In this episode of Agents Influence podcast, host Jason Cass interviews Adam Blumencranz, Partner at Distributed Ventures. Episode Highlights: Adam shares his daily routine as a venture investor, including spending time talking to new insurtech companies, advising current portfolio companies, and staying up to date with the latest developments in the insurance industry. (5:19) Adam discusses the potential of Chat GPT and generative AI in the insurance industry, including the use cases and entry points for this technology. (10:27) Adam and Jason discuss the value of relationships in the insurance industry and how they can provide more detailed conversations compared to non-strategic funds. (15:08) Adam explains the different stages of venture investing, from friends and family to series A and beyond. (25:20) Adam defines a unicorn as a company with a valuation of a billion dollars and discusses the challenges of achieving this status in the insurance industry. (27:48) Adam offers to help independent agents interested in hearing from early-stage companies and shares his experience in working with brokers. (29:49) Key Quotes: “I am very conscious and very aware of the fact that I don't want to become that investor that I kind of laugh at… And so for that reason, to your original point, I spend 25% of my time making sure that I'm staying up to date, latest and greatest in terms of what's actually happening on the ground floor through this industry.” - Adam Blumencranz “One of the reasons why some of the unsophisticated insurance investors have left the market and some understandably so, others not so much. The reality is, I'm not sure there are going to be that many billion dollar unicorn type exits in a short amount of time within our industry anytime soon.” - Adam Blumencranz “I'm here. I've seen it all, I don't know it all. But I know I know a lot related to the companies that are out there and I'm happy to help. I'm happy to meet new people and having to get more involved, more ingrained than I already am.” - Adam Blumencranz Resources Mentioned: Adam Blumencranz LinkedIn Distributed Ventures Reach out to Jason Cass  Agency Intelligence