Today my guest on the show is Rachel Springate. Rachel is the co-founder and managing partner of Muse Capital, a venture capital firm based in Los Angeles that focuses on early-stage consumer investing, and one of a very small number of female-led venture capital firms in the US.
Rachel started her career at Superbrands where she developed relationships with the world’s leading Marketing Directors such as Coca-Cola, Jaguar, Apple, Aston Martin, and Disney. She was then headhunted to start the corporate sales division of the leading luxury lifestyle group Quintessentially, where her largest deal was the Amex Black Card. After meeting and being inspired by renowned artist manager and angel investor Troy Carter in 2012, Rachel moved from London to NYC and into the technology space consulting young technology companies with their Business Development strategy and execution.
In today’s episode, Rachel and I talk about the intersection of her personal life and business experience. We spoke about what it was like becoming a new mom while raising initial funds for Muse Capital, her early beginnings in the industry, what it means to be a great investor, how to learn from unavoidable rejection, and how she keeps perspective amidst all the competition.
2:00 – New Families “Having a child is the greatest logistics challenge of your life.”
13:30 – The Bigger Picture “So every three months, I would kind of move cities and I’d work with the local teams, and help them land the big deals.”
24:00 – Early Beginnings “Everytime we get involved in a company, we’re both able to do something pretty impactful.”
30:00 – Impactful Moments in Life “You know what we can do as operators, imagine what we can do as investors. And they said, ‘We’d love to have you on the cap table, because you do things we can’t do.’”
39:00 – The Moon Shot “It’s just kind of left this mentality that you have to have all of this money under management. At the end of the day, it’s not about the amount of money that you’re managing, it’s about you being a great investor.”
44:30 – Becoming a Great Investor “I think we do a bad job here, especially in the US, about looking back at what we achieved.”
50:30 – Rejection “You learn so much from going through those pitches and getting those initial rejections.”
56:00 – Perspective “Everyone is so competitive…but reflecting is so important because there is so much data there that you can use to inform where you go forward.”