Everything Mac Conwell said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Mac Conwell: RareBreed checks with portfolio founders before investing in potential competitors
“I have several companies in my portfolio. They're not competitors today, but could be on their roadmap. So like, I have a thing where I always ask my founders if this is competitive. If they say no, it's cool with me.”
Mac Conwell commits $100K to FranShares at a $19M valuation
“So a nine, a 19 post
It's not the end of the world.
It's below 25.
Still in range.
I'm in for a hundred.”
Conwell: RareBreed Ventures reserves 10% of fund for off-thesis investments
“Well, 10% of the fund is for off-thesis investment, so if it's too high, I'll put it in the off-thesis bucket.”
Conwell: VC is built for founders whose only problem is money
“Figuring out how to grow is a problem money solves. A lot of founders we see have other problems that money doesn't solve that we're trying to get to. When you got a founder where their only problem is I need money to solve this problem. That is something that…”
Conwell: Passes on ChurchSpace due to policy of avoiding faith-based investments
“Due to My faith and the way I've looked at, like, faith-based investments, I've stayed away from it. Just, that's a thing. It's a no for me, because, like, I tend to stay away from the space.”
Conwell: Most EdTech startups burn capital before solving sales cycles
“Most ed tech companies fall apart because they run out of capital before they can figure out the sales cycle to be sustainable.”
Conwell commits $50,000 to Tether, pending a Delaware C-Corp conversion
“Pending that Delaware C-Corp, because you're not a Delaware C-Corp, like, I'm not, like I do North America, South America, the UK, and even then that's time tough. So if you're a Delaware C-Corp, I'm in, dollar amount, I'll match her. I'll match Elizabeth. I'l…”
Mac Conwell Commits $50,000 to Oma Health
“I'm in for 50 K.”
Conwell: Passing on Remynt Due to Unresolved Customer Acquisition Concerns
“I'm really interested. I can't get over that hump just yet.”
Conwell would be 'really interested' if not conflicted by EarlyBird
“If it wasn't for the fact that I was an investor in Early Bird, oh, I'd be really interested right now.”
Conwell: Policy requires founder approval on conflicts before investing
“I have a policy where I have to talk to my founders first and see if there's a conflict, so I'm going to say no for now, but I'm going to introduce you to the founder, and if he says there's not, we could have another follow-up conversation.”
Conwell: Three Rarebreed portfolio companies used apparel only for initial traction
“We have three companies in our portfolio that started off with an apparel product, but that was never the business. And the apparel product did well enough that they got the traction where the big business came.”
Conwell: RareBreed Ventures commits $50,000 to Red Drop
“So yes, we, we've spent a couple minutes telling you how much we think this is incredible, and what you could do with it, so I'm in I'm gonna say I'm in for 50 K, I want to be in for a lot more if I could, I would tell you I'd give you the whole 500, but I can…”
Terrascope has raised $330K to date
“330 K.”
Conwell: Rare Breed cannot invest in alcohol due to LP clause
“Full disclosure, at Rare Breed, we have a no vice clause. So I'm not allowed to invest in anything involved with alcohol.”
Conwell: Next three venture investments went to zero within six months
“So one for one, my next three all went to zero within six months.”
the Pitch 2