{"id":35399,"date":"2022-06-27T12:00:01","date_gmt":"2022-06-27T12:00:01","guid":{"rendered":"https:\/\/omni48.com\/news\/talent-is-ubiquitous-access-to-capital-is-not-mac-venture-capital-raises-203m-for-early-stage-startups"},"modified":"2022-06-27T12:00:01","modified_gmt":"2022-06-27T12:00:01","slug":"talent-is-ubiquitous-access-to-capital-is-not-mac-venture-capital-raises-203m-for-early-stage-startups","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/talent-is-ubiquitous-access-to-capital-is-not-mac-venture-capital-raises-203m-for-early-stage-startups","title":{"rendered":"&#8220;Talent Is Ubiquitous; Access to Capital Is Not&#8217;: MaC Venture Capital Raises $203M for Early-Stage Startups"},"content":{"rendered":"<p>While venture capital funding has taken a hit this year, that hasn&#8217;t stopped MaC Venture Capital from raising $203 million for its second fund.The Los Angeles-based, Black-led VC firm said Monday that it had surpassed its initial $200 million goal for the fund, which dot.LA reported in January, over the span of seven months. MaC said it expects to invest the capital in up to 50 mostly seed-stage startups while remaining &#8220;sector-agnostic.&#8221;&#8220;We love seed-stage companies because that&#8217;s where most of the value is created,&#8221; MaC managing general partner Marlon Nichols told dot.LA. While the firm has invested in local ventures like NFT gaming platform Artie, space startup Epsilon3 and autonomous sensor company Spartan Radar, Nichols said MaC&#8212;whose portfolio companies span from Seattle to Nairobi&#8212;would continue to eye ventures across the rest of the country and world. &#8220;Talent is ubiquitous; access to capital is not,&#8221; Nichols noted. &#8220;What they&#8217;re building needs to matter; we&#8217;ve got to believe that this group of<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While venture capital funding has taken a hit this year, that hasn&#8217;t stopped MaC Venture Capital from raising $203 million for its second fund. The Los Angeles-based, Black-led VC firm<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[33,27,362],"class_list":["post-35399","post","type-post","status-publish","format-standard","hentry","category-news","tag-business","tag-economy","tag-venture-capital"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/35399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=35399"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/35399\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=35399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=35399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=35399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}