The Full Ratchet: Venture Capital Demystified

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?
Direct download: Mac_ver4.mp3
Category:general -- posted at: 6:00am EDT

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