Angel Insights | Your guide to angel investing
Mac Conwell: Breaking into VC as an outsider and building billion-dollar returns through diverse deal flow
21 Oct 2021
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 pathwayThe 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 experienceThe real challenges of fundraising as a diverse GP in a homogeneous industryHis 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."Angel Insights: Your guide to angel investing and the entrepreneurs shaping tomorrow's economy.To learn more about EIS funds, visit SyndicateRoom
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