Mac Conwell (RareBreed Ventures) explains to fellow investors how venture capitalists perceive startup pitch decks centered on Black consumer demographics.
“When VCs hear black, they automatically think small. Every time.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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PredictionNot checkable as stated
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Conwell: Check VC references by calling founders of failed portfolio companies
“Don't ask the investors for references to founders. Go to their portfolio list on their website and find a company that's no longer in existence. And reach out to that founder on LinkedIn. A founder of a failed company is going to give you a lot more informati…”
Mac ConwellApr 3, 2024▶ 29:36Disrupting the Classroom Model! Will This EdTech Startup Funding Round Hit $1.4M?
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Conwell: Breakthrough brewing processes come from industry outsiders, not incumbents
“The process you develop is only gonna come from somebody who's not in the beer industry. Like, somebody in the beer industry who wouldn't even ever think to try what you did to create what you did, because it doesn't, it probably doesn't make sense to them.”
Mac ConwellOct 9, 2024▶ 12:40$1M Pitch: Can This Beer Startup Transform the Brewing Industry?
Insight
Conwell: Investors over-index on bombastic founders over measured operators
“People tend to over index on the bombastic founder and less on the more measured. And sometimes the more measured founder is the one who's going to be the better operator.”
Mac ConwellSep 4, 2024▶ 19:41Will VCs Bet $1.5M on This AI That Prevents Hospital Falls?
PredictionNot checkable as stated
Conwell: Gecko Materials could be a multi-billion-dollar government business
“I mean, this is, this could be a billion, this would be a multi-billion dollar company just working with the government.”
Mac ConwellAug 21, 2024▶ 17:29Stanford Engineer: Gecko-Inspired Space Velcro
Insight
Conwell: Shuttering DTC removes the primary marketing tool for ingredient licensing
“The reason is the D to C side is just the marketing. So if you get rid of the DTC brand, you've now taken away your largest marketing tool for the industry.”
Mac ConwellJul 10, 2024▶ 20:44"From Dorm Room to Patented Zipper Technology: A Licensing Revenue Model in the Making"
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