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The Importance of Pro-Rata Rights

Follow-on allocation in venture capital portfolio construction is critical. Being able to “double down” on the “winners” in a portfolio is an important factor in the success of venture fund managers, especially those at the seed stage. This is why so many managers fight for pro-rata rights to maintain their ownership stake in a company. …


At MaC Venture Capital our mission is to invest in visionary founders building the future we want to see, and to build MaC into a multi-generational franchise. We fully believe that the next great cohort of venture firms will have teams led by women and people of color. Their portfolios will reflect the diversity of the world in which we live, and will solve problems felt by the 99%, not just the 1%. This is the type of firm we are creating at MaC.

In pursuit of this goal, we strive to add exceptional individuals to our team. We are…


Our mission at MaC Venture Capital is to invest in visionary founders building the future we want to see. We view this as a long-term mission and are working to build MaC into a multi-generational franchise. We fully believe that the next great cohort of venture firms will look different than those from previous generations. The next household VC brands will have teams whose majority will be women and people of color. Their portfolios will have the racial and gender makeup that reflect the world in which we live, not that of just Silicon Valley. The problems being solved by…


Note: This post is optimally viewed as an interactive model on Tactyc here

In our previous post, we took a look at venture fund portfolio construction and the tradeoffs fund managers have to consider when building out their investment strategy. This blog post will explore the diligence process at the seed stage and will again use Tactyc to illustrate dynamics around the quantitative side of diligence, specifically return the fund analysis.

Diligence at the seed stage of venture capital involves a mix of qualitative and quantitative factors. There is no one way to run a diligence process, and often it…


The Inevitability of Mobile Screen Time

Parents of younger children are having to navigate uncharted territory as it pertains to the relationship their kids have with mobile devices and social media. Parents born before the mid 1990s grew up in a vastly different environment than the one their kids face today. Media was mass and delivered mostly through the television. Mobile devices were not yet in existence. The internet was still coming of age, and social media had not yet been invented.

Today, as almost any parent can attest, kids are spending more and more time, at younger and younger…


Solving Earth’s Challenges in Space

At MaC we often say many of Earth’s challenges can or will only be solved in space. Nowhere is this more apparent than with the challenge of connecting half of the world’s population that currently cannot access the internet. Four billion people don’t have the required information needed for them to make their best decisions when it comes to education, job opportunities, and healthcare to name a few. This lack of access will in turn reduce the chances of living a productive and prosperous life. …


View this post in an interactive model here.

One of the most important things a General Partner (GP) needs to consider early on when starting a venture fund is their portfolio construction strategy. Nearly every potential institutional Limited Partner (LP) will ask a GP about this strategy. Portfolio construction will impact nearly every aspect of running a fund, including return performance. This Tactyc explores venture portfolio construction and the various tradeoff implications a GP must consider and enables you to construct your own portfolio to understand how various assumptions impact returns to LPs and GPs.

In this blog post, we…


View this post in an interactive model here.

One of the most important things a General Partner (GP) needs to consider early on when starting a venture fund is their portfolio construction strategy. Nearly every potential institutional Limited Partner (LP) will ask a GP about this strategy. Portfolio construction will impact nearly every aspect of running a fund, including return performance. This Tactyc explores venture portfolio construction and the various tradeoff implications a GP must consider and enables you to construct your own portfolio to understand how various assumptions impact returns to LPs and GPs.

In this blog post, we…


Culture Is Everywhere And Everything

Cultural shifts — large and small — impact societies and drive behavioral changes that influence the world. Often, very big things have small beginnings.

Who would have thought that in 1973 a DJ named Kool Herc in the Bronx River Houses switching between two records to isolate music breaks would launch a global cultural hip-hop movement. Or that a British computer scientist named Tim Berners-Lee, sitting in the particle physics laboratory CERN near Geneva, Switzerland, would invent a way to better share information between computers that would go on to become the World Wide Web…


The Future Accelerated

One of the common refrains during the 2020 pandemic was that COVID-19 accelerated trends long in the making. Nowhere is this more evident than in online shopping. Online retail has been gaining market share from offline at a steady pace for the last decade. In January 2010 e-commerce made up about 6% of all retail sales in the United States. That share rose 11 points to 17% over the following ten years. In the first ten months of 2020 that percentage jumped another three points to 20%. In the UK, that figure is even higher at 30%…

Michael Palank

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