š§µ1/ This past week I got the privilege to moderate a panel at @500GlobalVC's #PreMoney2021 conference in Miami discussing the "New Faces of VC". I ended the panel encouraging the audience that "you are good enough"
This thread is a reflection on my own growth in venture
2/ In 2016 after quitting a regular job at a marketing firm I got hired at @MDTEDCO, the largest funder of early-stage companies in the State of Maryland. I had no investing experience or even a college degree and so I always had the complex of "am I good enough" "can I do this"
3/ I started trying to learn everything I possibly could about the job from those who had been doing it much longer than me. I wanted nothing more than to be good at what I was coming to realize was my dream job.
4/ Shortly after getting that job I met @shivgaglani, who was at the time the CEO of a really cool startup @OsmosisMed. He was the first founder I explained the power of VC dollars to and ended up being the first startup I ever sourced for funding. What an amazing feeling.
5/ But even when I sourced this company, which I thought was a no-brainer, there was push back from my team. At that time some people had me doubting my ability to source and pick good companies. But I knew what I knew and banged the table for this company internally
6/ Here we are 5 years later. While still never quite sure of myself. I've gone on to start the first state-backed pre-seed fund for underestimated founders, become a @KauffmanFellows, and raised $10M to launch @RarebreedVC and all the while being worried if I was "good enough"
7/ Well my comment to the audience that "they are good enough" was also me talking to myself.
Remember that dope local Maryland company I thought was a no-brainer investment and my first ever @OsmosisMed?
1/ this thread is a PSA and potential lesson to founders and other fund managers/VCs. When you build in public you have to share the good with the bad. Last week we had our first @RareBreedVC company fail and go to zero but that is only the beginning of this story
2/ Last week while I was taking part in our most recent @KauffmanFellows module, one of my founders reached out to me to chat and then offered to meet in person (I was 2 hours away from them). This was unusual for the founder so I can admit I was a little worried.
3/ The founder, who is only 20, met up with me (and this was our first time meeting in person), sat me down, and then proceeded to tell me how challenging things had been and that he was thinking of shutting down š¢š¢š¢