RareBreed Ventures

Mac built his entire first institutional venture fund largely through Twitter, publicly documenting the journey without an existing LP network and using cold DMs and general solicitation rather than traditional closed-door fundraising channels. The fund was built through founder Mac's Twitter presence rather than traditional institutional networks, and operates with unusual transparency by publicly sharing fundraising tactics and term sheet learnings to help overlooked founders access capital. Known as Mac the VC, he intentionally uses a highly public, educator-style social media presence as a core part of his brand, turning the normally opaque process of VC and fund formation into something transparent and accessible for founders and aspiring fund managers. This is both his superpower and potential weakness. On one hand, he genuinely gets what it's like to be an outsider founder and brings real credibility to that relationship. His approach is refreshingly hands-on: "My secret for getting on the cap table is helping founders understand that I'm not money. I'm basically an employee. When you take this money from RareBreed, treat me like an employee because we are tied at the hip. We are in a marriage, and so whatever you need from me, just ask. I think that resonates with founders. You could talk to company after company in our portfolio, they'll tell you we helped them hire, we helped them get funding, we helped them with strategy, etc." However, he's still on Fund I with no announced Fund II yet (though may be in preparation), and the fund appears well-positioned to raise a larger Fund II based on demonstrated execution, founder satisfaction, and increasing mainstream acceptance that the traditional pre-seed model was leaving high-quality opportunities on the table. The question is whether his thesis of backing overlooked founders will produce the returns needed for institutional LPs in Fund II, or if he'll need to drift toward more traditional deals to scale.