The Ledger
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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.”
Kenny Rose: Mac Conwell passed on FranShares post-show over valuation
“You know, what happened was we have done a call
and he said, basically, you know, rounds too expensive.
We're not going to be able to get that ownership stake that we try and target.
So it's not going to be a fit.”
Conwell: Dominating Europe's virtual power plant market creates a massive company
“If he can make it work in Sweden, even if he doesn't get to the US, if he can own the Europe. Still a big company.”
Mac Conwell says domain operators make better founders than outside technologists
“I love founders who are building in the space that they have deep knowledge in, who aren't the technologists, but who are the true operators and understand it.”
Conwell: RareBreed will invest at least $50,000 in Kinemetrix
“So I, I'd be excited for Rare Breed to participate at minimum 50, maybe more, you know, going over due diligence and timing, but we got this.”
Conwell: CPG brands face a hard growth plateau around $2M to $3.5M
“It can be really, really tough for a new brand to break in, but even more so, it becomes really tough for a new brand to scale. Like, I've seen companies get two million in revenue, 3.5, it starts to plateau. And then it seems like there becomes a different ga…”
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.”
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 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: 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…”