#038 - Mac Conwell ("Mac the VC"): RareBreed.VC, From Homeless to Launching a $10million Fund

<p>Mac Conwell ("Mac the VC") is the Founder and Managing Partner of RareBreed Ventures. Mac is a former software engineer and a two-time founder. One of Mac's companies failed, the other went on to a successful exit. He then broke into the world of investing by working for the State of Maryland, before raising a fund of his own in a short amount of time. From homeless to VC, "hacker turned hustler", RareBreed has seen tremendous success in a short amount of time.<br /> <br /> You can also watch this episode on youtube at: <a href= "https://youtu.be/yUZLzY-fyJU">https://youtu.be/yUZLzY-fyJU</a> <br /> <br /> <a href= "https://twitter.com/macconwell">https://twitter.com/macconwell</a> <br /> <a href="https://rarebreed.vc">https://rarebreed.vc</a><br /> <a href= "https://rationalvc.com">https://rationalvc.com</a> <br /> <br /> 00:00 Intros<br /> 02:32 Psychology from homeless to VC<br /> 07:58 How Mac got into VC<br /> 13:14 Raising a fund off Twitter<br /> 19:07 Overlooked & underserved founders<br /> 23:35 Diligence / what Mac looks for<br /> 30:41 Biases in Silicon Valley<br /> 34:58 Mac's advice for Cyrus and Iman<br /> 41:30 Mistakes to avoid after raising a fund<br /> 43:15 Technical skills vs selling skills for founders<br /> 46:30 Mac's mentors<br /> 49:23 Mac's personal values & principles<br /> <br /></p> <p>--</p> <p>Rational VC provides regular content on technology investing and technology building. We also write long-form memos. You can sign up for these monthly memo newsletters on the website: <a href= "https://www.rationalvc.com/">https://www.rationalvc.com/</a><br /> <br /> We break everything down to first principles, to simplify the complex technology world. We aim to bring you content that is insightful, logical, and rational.<br /> <br /> We cover tech products and tech companies across the lifecycle, from pre-seed to seed, Series A to D+, to IPOs and beyond. We also cover all investing methods including Angel Investing, Venture Capital, Private Equity, Hedge Funds, Public Markets, etc.<br />