Mac Conwell took the unconventional path from entrepreneur to VC, literally accepting a junior position at below his previous salary just to break into venture capital. Now, as Managing Partner of Rare Breed Ventures, he's proving that diverse perspectives don't just find different opportunities—they find better ones.
In this episode, Mac shares:
- How he convinced a VC firm to create a position for him despite having no traditional pathway
- The moment he realized diverse teams spot opportunities he'd never see (including a Gen Z dating app that became a major win)
- Why his fund specifically backs underrepresented founders solving problems outside mainstream VC experience
- The real challenges of fundraising as a diverse GP in a homogeneous industry
- His philosophy: "When people hear pattern matching, they think about the way people look. For me, pattern matching is about the way entrepreneurs think"
Mac's journey from struggling to get meetings to building a successful fund reveals why the future of venture capital depends on expanding beyond traditional networks and perspectives. Essential listening for anyone interested in the intersection of diversity, deal flow, and investment returns.
"There is no world in which I would ever find, discover, think about, or want to play with a Gen Z dating app. But I had members on my team who were telling me like, Mac, have you heard of this really cool app? I've been spending hours on it."
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