Alexander Carvalho emphasizes deep collaboration between incumbents and insurtechs, arguing that the most durable models pair new MGAs and infrastructure players with legacy carriers rather than trying to replace them outright, positioning him as a partnership-first investor who looks for startups that plug into existing insurance rails. He thinks in terms of infrastructure that will power the industry and rails on which new companies can be built, highlighting a preference for enabling-layer plays instead of only front-end or pure D2C insurtech, bringing this infrastructure mindset to early-stage insurtech and fintech at Distributed Ventures. Alexander Carvalho emphasizes deep collaboration between incumbents and insurtechs, arguing that the most durable models pair new MGAs and infrastructure players with legacy carriers rather than trying to replace them outright, positioning him as a partnership-first investor who looks for startups that plug into existing insurance rails. He thinks in terms of infrastructure that will power the industry and rails on which new companies can be built, highlighting a preference for enabling-layer plays instead of only front-end or pure D2C insurtech, bringing this infrastructure mindset to early-stage insurtech and fintech at Distributed Ventures.