After founding a few of his own startups, Mac’s life changed when he learned about the world of VCs and funders. This inspired him to start RareBreed Ventures, a pre-seed fund that invests in founders outside of large tech ecosystems. Mac and RareBreed provide resources, capital, and financial education to new and underrepresented founders. This episode discusses; strategies for bridging the gap between funders and marginalized founders, the unique uses of TEDCO, a state-sponsored VC that provides resources to early stage companies in Maryland, and how Mac is utilizing Rule 506(c) to publicly fund new founders.
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0:17 - Where did Mac grow up and how did that shape his view of the world?
1:21 - How did Mac’s early career start put him on a path to entrepreneurship?
3:15 - At what point did Mac decide to quit his job and become an entrepreneur?
5:06 - What resources are available now versus when Mac started his career?
5:53 - Who did Mac start his first company with?
8:59 - How did Mac’s experience as a founder lead him to venture?
12:27 - What is it like to be primarily investing in your home state?
16:19 - Is there a “top of the funnel” issue when it comes to who is receiving funding and financial education?
18:13 - What is TEDCO and how is it tying venture to state funding?
20:13 - Why did Mac start RareBreed Ventures?
21:31 - How and why does Mac have a “become an LP” button on his website?
26:46 - Who are some of Mac’s favorite companies that he works with?
30:46 - How will access to capital change for new founders in the future?
33:32 - What’s next for Mac?
34:30 - Who is a woman that has had a profound impact on Mac and his career?
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Season 5 of The Room Podcast is sponsored by our friends at Silicon Valley Bank and Cooley.
Thank you for joining us for Season 6 of The Room Podcast! We are starting strong with our first guest, Shuo Wang. Her company Deel was evaluated at over $5 billion last year from their revolutionary work in remote work and international payrolling. Shuo joins us to talk about her experience at the Y Combinator and the impact it had on her work with Deel. Subjects continue with how the pandemic was a catalyst for the growth of Deel and what metrics Deel uses to track that success. Plus, we ask Shuo about her strategies for competitively innovating and expanding Deel. For The Room Podcast in your inbox every week, subscribe to our newsletter. 4:12 - Where did Shuo grow up and how has that shaped her worldview?7:01 - How did a Mechanical Engineering degree translate into founding?8:21 - What encouraged Shuo and her co-founder to start thinking about global hiring? 10:40 - How was Shuo’s experience at the Y Combinator and what was the MMVP of the Deel product?12:07 - What country first started using Deel’s services?12:45 - What is the core product of Deel?15:35 - Who was the first to say yes and invest in Deel?16:20 - How would Shuo define her role as co-founder and Chief Revenue Officer?17:15 - What was Shou’s strategy for competitively innovating Deel?18:52 - What tips does Shuo have for founders who think they over perfectionists?20:24 - What metric does Deel mainly use to track revenue?21:25 - How did the pandemic affect the growth of Deel?22:32 - When ...
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In this episode of The Room podcast, Madison and Claudia spend some time diving into the history of Silicon Valley power couple; Matt Rogers and Swati Mylavarapu - founders of Venture Capital business - Incite. Previously to Incite, Matt Rogers was the co-founder of Nest. They go into detail about how they have been able to juggle the highs and lows of building a business together while pursuing their own individual passions - all while taking care of each other as a married couple and their growing family. In this episode, they share their passion for building innovative businesses, developing entrepreneurs and non-profits as well as helping to fund political candidates. These passions played a profound role in shaping the way they built Incite. ...