Disclosure certainty 5/5 debate potential 2/5

Mac Conwell offered RareBreed LPs flexible multi-year capital call options

Mac the VC · Mac the VC on the Journey from Homeless To Becoming A VC | Full Interview with Harry Stebbings · 20VC with Harry Stebbings · Feb 5, 2022 · at 11:29

Mac Conwell, managing partner at RareBreed Ventures, explains how he structured capital commitments to accommodate smaller LPs.

0:00 / 0:09exact quote · 9.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“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.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Mac the VC

Disclosure
Mac Conwell raised RareBreed Ventures with zero GP capital commitment
“So I have no GP commit. I didn't have the money for it.”
Mac the VC Feb 5, 2022 ▶ 12:28 Mac the VC on the Journey from Homeless To Becoming A VC | Full Interview with Harry Stebbings · 20VC with Harry Stebbings
Disclosure
Mac Conwell was not an accredited investor when starting RareBreed Ventures
“I wasn't even an accredited investor when I started raising my fund, right?”
Mac the VC Feb 5, 2022 ▶ 12:32 Mac the VC on the Journey from Homeless To Becoming A VC | Full Interview with Harry Stebbings · 20VC with Harry Stebbings
Assertion Partly supported
Yale Endowment was the first institutional LP to address post-2020 diversity
“Name one pension fund that said anything. The first people to say something was really Yale, like five, six months later. And even then nobody else said anything because they don't have to say anything because nobody knows who they are.”
Mac the VC Feb 5, 2022 ▶ 15:35 Mac the VC on the Journey from Homeless To Becoming A VC | Full Interview with Harry Stebbings · 20VC with Harry Stebbings
Disclosure
Mac Conwell funded five startups sourced by diverse associates whose firms passed
“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?”
Mac the VC Feb 5, 2022 ▶ 19:19 Mac the VC on the Journey from Homeless To Becoming A VC | Full Interview with Harry Stebbings · 20VC with Harry Stebbings
Insight
Mac Conwell: VCs ignore location bias if growth reaches 40% month-over-month
“They care about money. So if you have strong enough metrics, they find a way to get over themselves, no matter where you're from. And that's all. And that's why I tell my founders, like, Hey, there may be biases against you. People may say, if you don't live c…”
Mac the VC Feb 5, 2022 ▶ 35:53 Mac the VC on the Journey from Homeless To Becoming A VC | Full Interview with Harry Stebbings · 20VC with Harry Stebbings
Disclosure
Mac Conwell states 77% of RareBreed portfolio founders are underrepresented
“77% of my portfolio are underrepresented founders”
Mac the VC Feb 5, 2022 ▶ 16:01 Mac the VC on the Journey from Homeless To Becoming A VC | Full Interview with Harry Stebbings · 20VC with Harry Stebbings
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.