Mac Conwell explains how Rarebreed Ventures is structured, citing Hustle Fund for its hands-on entrepreneur support and Precursor as the closest model for his own fund. He also draws inspiration from Andreessen Horowitz, Sequoia, and First Round, while following Charles Hudson's precinct-focused investment philosophy.
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What firms do you look up to or have taken pieces either from portfolio construction, how they do their investment process, or just how they're established as a brand that you've admired or taken a little Lego piece of?
Well, I'm a huge fan of the folks at Hustle Fund. I think Hustle Fund is an amazing brand. It's an amazing team. They do a really good job of supporting entrepreneurs and in a very tangible way. Like I've been able to see it with some of our co-investors up front that I love those folks. I'm a big, I mean, everybody's a fan of Andreessen and folks like that, Encompass, the Sequoias, the First Rounds. They're all a little different, but you know, to become a top-tier fund like that, that's the goal. But when I think about my fund construction, my fund construction is probably closest in line to Precursor, you know, and Charles Hudson was like one of the first to really double down down on this idea of precinct.