The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

In this special replay episode McKeever “Mac” Conwell II of RareBreed Ventures joins Nick to discuss Raising a Fund via General Solicitation & Twitter, How Rolling Funds Can Disadvantage LPs, and Facing the Reality of Diversity in VC. In this episode, we cover:

  • Walk us through your background and path to VC
  • What’s the thesis at RareBreed Ventures?
  • Why did you start RareBreed Ventures?
  • Tell me about the fundraise… when did you first kickoff and then start getting momentum?
  • Have you gotten better at raising over time? What have you improved most?
  • What resonates w/ LPs, what do you get pushback on?
  • What’s been the biggest surprise in the process so far?
  • Optimistic, pessimistic or neutral on diversity in VC over the next decade?
  • Twitter — blowing up, what’s working so well?
  • Rolling fund vs. not… why?
  • Thoughts on thesis and portfolio construction…
  • What’s the ideal fund size for your stage and strategy?
  • Founders… biggest mistake you see early stage founders make
  • Gives us a snapshot of Rarebreed in 3 years… how about 7 years?

Guest Links:

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

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You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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Direct download: Replay_Ep_277.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT