RareBreed Ventures

“He's never charged me. He's been my lawyer for over a year. He's never sent me a bill.”

“In one case, I had one of these associates. They've sourced three deals for me. I've had another one source too. And I know they're good deals. Follow a funding show. They're good deals. So why don't their firms appreciate the deals they're bringing up?”

“I wasn't even an accredited investor when I started raising my fund, right?”

“We're going to do somewhere between like 40 to 45 companies.”

“77% of my portfolio are underrepresented founders”

“I've had quite a few LPs signed up to be LPs without ever talking to me.”

“Between June, the middle of June, 2020 to September, 20, 20, I had over 1100 meetings, which allowed me to soft circle my first two million and kind of gave me the confidence to quit my job and Really go do this thing.”

“And once you decide you're going to start a firm, you're basically making a 20 year commitment, right? Fund one's 10 years. Two, three years later, you're going to raise fund two. That's another 10 years. Two to three years after that, you'll raise fund three.…”

“So I have no GP commit. I didn't have the money for it.”

“We're going to do somewhere in the neighborhood of like six to 10 follow on.”

“No, I gave my LPs three options. You can do a hundred percent upfront, 50% each year over two years or 33%. Over each year, over three years, with the minimum being 10 K per year.”

“My first close was at 10%.”

“I'm gonna do a roll and close every three weeks, so as our LPs come in, I just want you to close on them.”

“We got to be a small check in the second round of Main Street. For those who don't know, Main Street's second round was a sixty million dollar round. I got to put a hundred K check on that round.”