Operation Innovation: Backing Veteran Entrepreneurs with Rachel Hobert of Hivers and Strivers Capital | Ep13

In this episode of the Ignite podcast, Rachel Hobert, a general partner at Hivers and Strivers, discusses her journey and insights into venture capital. The fund focuses on investing in early-stage companies led by military veterans, embracing a broad industry mandate while maintaining a specific niche. Rachel credits the fund's origins to Doug Doan, a West Point graduate and angel investor passionate about supporting veteran entrepreneurs. Rachel sheds light on the challenges and advantages of being a young woman in VC, attributing her success to mentors who encouraged her to aspire beyond stereotypical roles. She emphasizes the importance of mentorship, suggesting young women find intelligent, experienced mentors and demonstrate a willingness to learn and contribute actively. Regarding investment strategies, Hivers and Strivers is noted for its concentrated portfolio and deep involvement with select companies. They leverage an LP network comprising executives from major corporations, focusing on providing more than just capital by offering guidance, resources, and network access to portfolio companies. The conversation also touches on broader VC trends, including the evolution of fund structures, the blending of VC and private equity models, and the impact of technology on efficiency and decision-making processes. Rachel and Brian discuss the societal impact of venture capital, particularly in supporting veteran entrepreneurs, and explore technological trends like AI, which they believe will revolutionize efficiency in various sectors. Rachel's personal insights, along with her perspective on historical and current VC trends, offer a comprehensive view of the venture capital landscape, particularly concerning the unique niche of investing in veteran-led startups.