The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

Welcome back to TFR for another Cram Session. In these special releases, we have aggregated the takeaways and tips from previous episodes. In this installment, we will be recapping the following episodes:

  • 96. Student-Focused VC Funds, Part 1 (Peter Boyce II)
  • 97. Student-Focused VC Funds, Part 2 (Peter Boyce II)
  • 98. Public Policy for Angel Investors, Part 1 (David Verrill)
  • 99. Public Policy for Angel Investors, Part 2 (David Verrill)
  • 102. The Limited Partner, Part 1 (Lindel Eakman)
  • 103. The Limited Partner, Part 2 (Lindel Eakman)

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR152_Cram_Boyce_Verrill_Eakman.mp3
Category:general -- posted at: 10:30am EDT

On this special segment of The Full Ratchet, the following Investors are featured:

  • John Buttrick
  • Semil Shah
  • Eric Paley

Each investor illustrates a critical lesson
learned about startup investing and how
it's changed their approach.

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: IS75_Lessons_Learned_Buttrick_Shah_Paley.mp3
Category:general -- posted at: 11:00am EDT

Brendan Wallace of Fifth Wall Ventures joins Nick to discuss Kingmaking, De-Risking Every Investment & the Future of Real Estate Tech.  In this episode, we cover:

  • how building a fund is different from a startup
  • why fifth wall invests in real estate tech
  • why they take a different approach to workign with LPs and portcos
  • how large corporate LPs get comfortable with threatening tech that can destroy existing asset value
  • Brendan gives an overview of the real estate tech landscape and how it's segmented
  • why he thinks no other funds are focused on this sector
    the common demoniator he looks for in startups
  • the concept of the built world and how tech will bridge the gap between physical and digital
  • the most disruptive ideas he's come across in real estate
  • how the hot trends like AI, AV, robotics and VR/AR will effect the sector
  • and finally, what's surprised him most since raising fifth wall fund 1

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR151_Wallace.mp3
Category:general -- posted at: 11:00am EDT

J.B. Pritzker of Pritzker Group Venture Capital joins Nick to discuss his impact on tech in Illinois, where he gets his motivation and why he's running for Governor. In this episode, we cover the following questions:

  • Take me back to your childhood...What was it like growing up in your family and what did you learn from your parents?
  • Your father and uncle famously built and managed Hyatt Hotels...Who was your biggest inspiration in the family?
  • You could have gone in many directions with your career... hotel industry, education, straight into politics. Why'd you choose the path you did?
  • Who were your primary inspirations in tech?
  • Looking through your accomplishments, you're clearly a builder, a creator, you've got internal drive. Where do you get your motivation?
  • What's the greatest lesson you've learned from your career in venture that informs your bid for governor?
  • If you could go back and talk to young J.B... a J.B. in his teens, what would you tell him?
  • What's the best lesson that you've learned from your kids that has changed the way you approach business and/or politics?
  • We've got Donald Trump in the office of the president and Bruce Rauner in the office of Illinois Governor...Do we really need another rich guy in office?
  • The talent vacuum is real and everyone experiences it. In Illinois, the best and brightest in rural areas, leave for the metro areas. In Chicago, many of the best in tech leave for the coasts. How do we approach talent suck more thoughtfully and address a real problem?
  • Can you highlight your plans for tech and innovation, if you are elected?

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR150_Pritzker.mp3
Category:general -- posted at: 2:04am EDT

On this special segment of The Full Ratchet, the following Investors are featured:


-Christine Tsai
-John Greathouse
-Lindel Eakman
 
Each investor describes a situation where they did
decide to invest, what the key factors were that led
to “Yes” and how that investment has worked out.

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: IS74-_Why_I_Invested_Tsai__Greathouse__Eakman.mp3
Category:general -- posted at: 3:30pm EDT

Bilal Zuberi of Lux Capital joins Nick to discuss Startup Moats. In this episode, we cover:

  • An overview of moats
  • Example companies with moats
  • How to build a monopoly from the outset and if Bilal requires in startups he invests in
  • Incremental vs. step-change innovation and the implications on the breadth and depth of the moat
  • The types of moats
  • Bilal's take on data and network effect-based moats
    using a business model as a moat
  • His thoughts on building brand as a sustainable competitive advantage
  • How NPS score plays a role
  • An example where Bilal thought there was a moat but it proved not to have the defensibility predicted
  • And finally I get Bilal's take on Lux's investment strategy, their portfolio and how they are building value in the water, on the ground, in the air and even up in space

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR149_Zuberi.mp3
Category:general -- posted at: 10:00am EDT

Vic Pascucci of Lightbank joins Nick to discuss New Founders, New Stages, New Offerings-- The Only Constant in Venture is Change. In this episode, we cover:

  • Where'd you get your start in venture and how'd your path lead to Lightbank?
  • Can you walk us through the Lightbank backstory... before you joined?
  • What's the current thesis and investment focus for the firm?
  • How active a role do you play with portfolio companies?
  • What, if anything, do you think the team at Lightbank can do a better job of going forward?
  • Do you think your approach is different than Eric and Brad's?
  • Recently spoke w/ Semil Shah about the multiple stages, within seed... pre-seed, seed, inst seed, post seed, seed extension. WTF is going on with the seed round?
  • There's been an explosion of seed funds... do you think this is a problem? Is there a bubble at seed or, w/ the way barriers to startup have come down, is the influx of capital warranted?
  • I'm noticing entrepreneurs moving away from SAFEs and Convertibles... are you seeing the same? If so, why do you think that's the case?
  • How have you seen startup capital raises change over time and do you think it's moving in the right direction?
  • What should every founder be thinking about, during a fundraise, that most often they're not even considering?
  • Are you seeing a difference in the makeup of founding teams and their capabilities? From personal experience, I certainly notice a difference in the style and approach of a early-20's tech founder vs. a mid-30s founder w/ domain knowledge.
  • So, you're a blockchain guy... I see you on various blockchain boards and I know that you invested in Coinbase in 2015... and, on the record, you were very bullish on cryptocurrency's at the time, when many were not. But what's the deal w/ all these token offerings and ICOs? I'm a relative novice here... can you explain to me what's going on and where you see it going?

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR148_Pascucci.mp3
Category:general -- posted at: 5:55pm EDT

On this special segment of The Full Ratchet, the following Investors are featured:

  • Adam Draper
  • Chris Farmer
  • Mark Suster

Each investor highlights a situation where

they decided not to invest, why they passed,

and how it played out.

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: IS73_Passed_Draper_Farmer_Suster.mp3
Category:general -- posted at: 8:30pm EDT

Madhavan Ramanujam of Simon-Kutcher & Partners joins Nick to discuss Monetization Strategy & Why Price Trumps Product. In this episode, we cover:

  • What's the backstory and how did you develope this monetization expertise?
  • What VC firms and/or investors have you worked with?
  • What's the most common missteps that innovators make?
  • What are the 4 types of innovation fails?
  • I want to talk about your three key rules for monetizing new products: Having the WTP conversation early, Investigating how to charge not just what to charge and not settling for one-size fits all... Let's start w/ the WTP conversation, walk us through this point and the three questions one should ask?
  • Essentially, are you suggesting that startups run a conjoint analysis to see what features customers want and how much they'll pay or is it more than that?
  • How do the results inform the pricing strategy?
    Is this the Van Westendorp methodology, if not, how's it different?
  • Talk more about the second rule... Investigating how to charge, not just what to charge.
  • The final rule is: Don't settle for one-size-fits-all... walk us through your point here. form factor, application, segment
  • This is controversial in the venture space where many investors are looking for one business model across all customers... what's your response to VCs here?
  • How do you apply your methodology in situations with a nascent market... where customers may not fully understand their needs, the problems they will experience or the solutions available?
  • Final thoughts and advice for startups that are creating a new product?
  • Any words of advice for investors that are assessing startups very early on?

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR147_Ramanujam.mp3
Category:general -- posted at: 10:00am EDT

On this special segment of The Full Ratchet, the following Investors are featured:


David Verrill
Galen Mason
Jason Calacanis

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: IS72-_The_Strange__Unusual_Verrill__Mason__Calacanis.mp3
Category:general -- posted at: 5:00am EDT

Zach Coelius of joins Nick to discuss Investing in Rocket Ships Before they Take Off, Part 1. We address questions including:

  • His Path to investing
  • The Biggest difference between entrepreneur Zach vs. the entrepreneur Zach invests in?
  • Best lesson from his startup, Triggit?
  • Right place, right time... how do you apply to investing?
  • Top 3 characteristics you look for in founders?
  • Great entrepreneur... bad idea/bad market... how do you proceed?
  • How about with founders that aren't quite ready yet for funding?
  • How did you get your start on AL?
  • Strengths of Syndication Process?
  • Krypto Labs in Abu Dhabi- major takeaways, thoughts on crypto & ICOs?
  • Early exits... do you take them when you get the option?  At what amount/multiple do you take money off the table
  • Lessons from poker that you apply to investing?

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR146_Coelius.mp3
Category:general -- posted at: 6:00pm EDT

On this special segment of The Full Ratchet, the following Investors are featured:

  • Andrew Parker
  • Niki Scevak
  • Bryce Roberts
  • Charles Hudson

Each investor illustrates a critical lesson
learned about startup investing and how
it's changed their approach.

Direct download: IS71_Lessons_Parker_Scevak_Roberts_Hudson.mp3
Category:general -- posted at: 8:30pm EDT

Semil Shah of Haystack joins Nick to discuss First Institutional VC Fund Raised-- Key Learnings, Part 1. We address questions including:

  • Maybe we can start off with how your investment focus has evolved since the last time you joined us.
  • What are your thoughts on how seed has split into pre-seed, seed, seed extension, and post seed?
  • Are you investing once with a company or reserving for these various stages within seed?
  • You just closed fund 3... tell us about the first two funds that set the stage.
  • Would you do things differently if you could go back?
  • Which raise was the hardest?
  • How did the expectations of LPs change from the early funds to the institutional fund?
  • What surprised you most about the raise?
  • Did you connect w/ prospectives through referrals, cold calls, a combination?
  • Walk us through the metrics... how many targets, meetings, avg commitment amt, etc.
  • Did you ever think you might not complete the raise?
  • What's the best advice you got on the raise and who'd you get it from?
  • In our first interview, you talked about how you couldn't get a full-time job at a venture firm. I'm sure you've had plenty of offers as you've built a track record. Did you ever consider making the jump?
  • When I sent my fund deck to you, you said "Awesome and looks good. As I always say, the deck matters much less than having capital partners who believe in you" For anyone listening that aspires to raise... talk about what you meant by this comment.

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR145_Semil.mp3
Category:general -- posted at: 1:29pm EDT

On this special segment of The Full Ratchet, the following Investors are featured:

-Ben Einstein
-Ezra Galston & Stuart Larkins
-David Cowan

Each investor discusses sectors, drivers and/or
trends that may have significant impact in the
future and are potentially positioned for outsized-returns.

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: IS70_Whats_Next_Einstein_Galston_Larkins_Cowan.mp3
Category:general -- posted at: 6:00pm EDT

Guy Turner of Hyde Park Venture Partners joins Nick to cover founder profiles and the characteristics that lead to the strongest startups. We address questions including:

  • You've observed over 50 startups, across your portfolio, and have written extensively about founder profiles. What are the two high-level categories of characteristics that you've observed?
  • Within the inspection characteristics category... what are the three dimensions that matter most?
  • The first two modes seem to differ primarily on the experience dimension... what are the two modes and what are their strengths and weaknesses?
  • Mode 3 you call the exec turned founder.... and mode 4 seems to have the ingredients for big outcomes or big flameouts. Walk us through each of these and their defining characteristics.
  • We've discussed four modes, but based on your framework there should be eight. What about the other four modes?
  • Do you think modes 1 and 2 work better for all investors or just HPVP?
  • Dealflow filtering and evaluation... can you use the inspection characteristics?
  • So we've discussed the inspection characteristics... let's transition to the the second major category, the experience characteristics. Talk more about what they are and how you assess them.
  • What are the five actions that matter most in startup teams?
  • How do you handle a situation where the deal comes late and there's already a term sheet and you don't have time to observe these characteristics over time?
  • What are the five styles that matter most?
  • Self-reflection, do you and Ira and Tim look in the mirror w/ Hyde Park and consider these expectations
  • How about for building the team at HPVP... do you apply founder assessment criteria in your hiring?
  • Are there any soft skills or overlooked founder characteristics that you haven't written about but you look for?
  • What's your take on the issues w/ ethics, not only amongst founders but at the investor level?

 

Guest Links:

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR144_Guy_Turner.mp3
Category:general -- posted at: 1:20pm EDT

 

Guy Turner of Hyde Park Venture Partners joins Nick to cover founder profiles and the characteristics that lead to the strongest startups. We address questions including:

  • You've observed over 50 startups, across your portfolio, and have written extensively about founder profiles. What are the two high-level categories of characteristics that you've observed?
  • Within the inspection characteristics category... what are the three dimensions that matter most?
  • The first two modes seem to differ primarily on the experience dimension... what are the two modes and what are their strengths and weaknesses?
  • Mode 3 you call the exec turned founder.... and mode 4 seems to have the ingredients for big outcomes or big flameouts. Walk us through each of these and their defining characteristics.
  • We've discussed four modes, but based on your framework there should be eight. What about the other four modes?
  • Do you think modes 1 and 2 work better for all investors or just HPVP?
  • Dealflow filtering and evaluation... can you use the inspection characteristics?
  • So we've discussed the inspection characteristics... let's transition to the the second major category, the experience characteristics. Talk more about what they are and how you assess them.
  • What are the five actions that matter most in startup teams?
  • How do you handle a situation where the deal comes late and there's already a term sheet and you don't have time to observe these characteristics over time?
  • What are the five styles that matter most?
  • Self-reflection, do you and Ira and Tim look in the mirror w/ Hyde Park and consider these expectations
  • How about for building the team at HPVP... do you apply founder assessment criteria in your hiring?
  • Are there any soft skills or overlooked founder characteristics that you haven't written about but you look for?
  • What's your take on the issues w/ ethics, not only amongst founders but at the investor level?

 

Guest Links:

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Category:general -- posted at: 1:19pm EDT

In today's special segment the following investors are featured:

  • Chris Olsen
  • Jay Acunzo
  • Mike Collett

Each investor describes an outstanding entrepreneur that
they've worked with and what key traits and behaviors
make for the best startup leaders.

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: IS69_Founders_Olsen_Acunzo_Collett.mp3
Category:general -- posted at: 4:39pm EDT

Today we publish part two of the interview with Chris Farmer of Signal Fire Ventures. In this segment we address:

  • Why he's using Beacon to make VC investments when their are numerous other applications that may have more economic value
  • How he's created an engaged, active advisor network that are also LPs in the fund
  • What characteristics the best advisors share
  • Chris' thoughts on the surge in micros VCs and how that has impacted the asset class
  • Chris' advice for founders raising initial capital
  • Wrap-up of Key Takeaways & a Tip of the Week

Guest Links:

Key Takeaways:

1- Deconstructing Beacon
 
Beacon is a connected platform that starts w/ sourcing but also does monitoring, context, diligence, syndication and most importanty, per Chris, portfolio support.  It's a data platform that looks like a Bloomberg terminal for the startup industry.  They started building it seven years ago and they employ a full-blown engineering team of data scientists and tech engineers.  Beacon tracks a vast array of data on 6M different companies.  And Chris started with first principles, asking "what are the KPIs that the management teams of these companies are measuring?"... those are the same elements we should measure with Beacon.  It analyzes items including customer behavior, frequency, engagement, CLV, consumer transactions, financial flows, quality of those flows, news sentiment and also team construction and quality, just to name a few.
 
And signal fire's platform isn't just for the investors.  There is a UI for advisors and most importantly founders as well.  Founders can utilize heir robust SaaS recruiting platform to address the key need of early stage companies... recruiting top talent.  With Beacon, Signal Fire has set out to tech enable the entire value chain of a venture firm from end-to-end.  Early indications from folks in my network are that it's an impressive platform indeed.
 
 
2- The Prepared Mind
 
Signal Fire did not coin the concept of "the prepared mind" but Chris does follow it.  The approach that came out of Accel has an emphasis on heavy research on existing domains.  The creation of market maps that help visualize the landscape and reveal opportunities.  In a previous episode, David Cowan discussed his approach to the Space vertical that leverages this methodology.  And in Chris implementation, he is constantly refining the maps.  He meets with LP experts and founders to go much deeper and broader than they could do w/ data alone.  The result is that Signal Fire is often much less bullish on the en vogue sectors and vice-a-versa.  Their investment in pizza making robot company, Zume, certainly illustrates their fresh perspective on an oft-ignored industry.
 
3- The Common Thread of Success 
 
I asked Chris for a common thread that he's noticed across successful startups.  And I really enjoyed his response.  The common thread in winners are those companies that are doing things full-stack. They are creating an end-to-end solution that is vertically integrated.  Where a company can be it's own customer in order to provide a better solution for the end consumer.  I discussed this concept w/ Charles Hudson in a previous episode.  We talked about finding the place within the vertical supply stack that enforces discipline on the chain and drives the most value.  Chris point was compelling in that he looks for startups that own the chain, not just a part of it.
 
Tip of the Week:  Tail Wags Dog -- The Affinity Investor
 
 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR143_Farmer_p2.mp3
Category:general -- posted at: 11:56am EDT

Chris Farmer of Signal Fire Ventures joins Nick to discuss his firm and their platform, Beacon, a robust data engine that reveals the best sector, market and startup investment areas. We address questions including:

  • Can you start off with the firm's thesis and your main focus at SignalFire?
  • You talk about the four big founder pain points that you've observed... what are they?.
  • Number one pain point is Hiring top engineers...  Tell us about his Data platform, Beacon, and how it addresses this pain point?
  • Sourcing and analysis tool that helps show you where to focus?
  • Can you give me an example of what you see when you look at a sector, sub-sector or even at the company level?
  • Does this data really exist with very early-stage startups or nascent sectors, before they've really emerged and have traction?
  • Sources?
  • I've worked for companies that had a difficult time getting one database to talk to another.  Can you really source unstructured data, from limitless sources and structure it in a way where it's streamlined, uniform, single record and can be used to drive insights?
  • Do you think about data that is empirical and fixed vs. data points that can be influenced... and if you find an strong startup profile that is missing a couple of key elements that can be influenced, will you engage and attempt to address those factors w/ the founder?
  • I've looked over the consumer and enterprise sector lists where you invest... and it's a pretty broad list.  Can you really have a data engine that works well for such a varied and broad landscape?
  • Essentially a sector by sector sensitivity and regression analyses?

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR142_Farmer_p1.mp3
Category:general -- posted at: 7:36am EDT

On this special segment of The Full Ratchet,

the following investors are featured:

  • Nathan Benaich

  • Ethan Kurzweil

  • Jonathon Triest & Brett DeMarrais

Each investor describes their investment thesis and

how they evaluate startups for investment.

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: IS68_Thesis_Benaiche_Kurzweil_Triest_DeMarrais.mp3
Category:Investor Stories -- posted at: 1:30pm EDT

Welcome back to TFR for another Cram Session. In these special releases, we have aggregated the takeaways and tips from previous episodes. In this installment, we will be recapping the following episodes:

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

 

Direct download: FR141_CRAM_Mohnot_Urban_McClure.mp3
Category:general -- posted at: 4:36pm EDT

On this special segment of The Full Ratchet, the following investors are featured: Jordan Nof Pete Wilkins Anand Sanwal Each investor highlights a situation where they decided to invest in a startup and why they said yes.        

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: IS67_Invested_Nof_Wilkins_Sanwal.mp3
Category:Investor Stories -- posted at: 3:31pm EDT

UILabs recently hosted a panel of IoT experts to discuss the future roadmap for IoT.  I moderated the discussion and the panel included: Ben Forgan, CEO of Hologram Brenna Berman, Executive Director of City Digital, UI Labs Jenny Fielding, Managing Director, Techstars IoT Jim Gagnard, CEO of SmartSignal (acquired by... GE). 

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR140_UILabs_Panel.mp3
Category:Podcast Episodes -- posted at: 10:55am EDT

On this special segment of The Full Ratchet, the following investors are featured:

- William Mougayar

- Sheel Mohnot

- David Cowan

Each investor highlights a situation where they decided not to invest, why they passed, and how it played out.        

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: IS66_Passed_Mougayar_Mohnot_Cowan.mp3
Category:Investor Stories -- posted at: 10:34am EDT

On this special segment of The Full Ratchet, the following investors are featured:

- Tom Tunguz

- Mark Peter Davis

- Adam Draper

- Lindel Eakman

Each investor illustrates a critical lesson learned about startup investing and how it’s changed their approach.          

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: IS65_Lessons_Tunguz_Davis_Draper_Eakman.mp3
Category:Investor Stories -- posted at: 11:37am EDT

Jason Calacanis is back for part 2 of the interview to discuss his book and secrets to successful angel investing. We address questions including: His thoughts on the original Sequoia scout program and the many similar programs today How he does such high volume of investments when he insists on spending...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR139_Calacanis_p2.mp3
Category:Podcast Episodes -- posted at: 6:02pm EDT

Jason Calacanis joins Nick to discuss his new book and his secrets to successful angel investing. We address questions including:

- Why Jason wrote the book
- What drives him to continue angel investing after all his success
- His thoughts on angels that make large investments during their first year of angel...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR138_Calacanis_p1.mp3
Category:Podcast Episodes -- posted at: 12:42pm EDT

On this special segment of The Full Ratchet, the following investors are featured:

- Jay Acunzo

- David S. Rose

- Niki Scevak

Each investor discusses sectors, drivers or trends that may have significant impact in the future and are potentially positioned for outsized-returns.          

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: IS64_Whats_Next_Acunzo_Rose_Scevak.mp3
Category:Investor Stories -- posted at: 12:18pm EDT

Welcome back to TFR for another Cram Session. In these special releases, we have aggregated the takeaways and tips from previous episodes. In this installment, we will be recapping the following episodes:

79. Hardware Investing, Part 1 (Avidan Ross)

80. Hardware Investing, Part 2 (Avidan Ross)

81. Getting Smart on...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR137_Cram_Ross_Hudson_Buttrick-Moran.mp3
Category:Podcast Episodes -- posted at: 10:14am EDT

On this special segment of The Full Ratchet, the following investors are featured:

- Peter Boyce

- Mahendra Ramsinghani

- John Greathouse

Each investor describes an outstanding entrepreneur that they’ve worked with and what key traits and behaviors make for the best startup leaders.  

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: IS63_Founders_Boyce_Ramsinghani_Greathouse.mp3
Category:Investor Stories -- posted at: 4:54pm EDT

Today we cover Part 2 of Dispelling Conventional Wisdom in VC with Eric Paley of Founder Collective. In this segment we address: I wanted to get your quick take on follow-on investing. There was a recent twitter convo w/ you, Parker Tompson, Semil Shah & Nick Ducoff on follow-on funding…...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR136_Paley_p2.mp3
Category:Podcast Episodes -- posted at: 10:32am EDT

Eric Paley of Founder Collective joins Nick to dispell some conventional wisdom in VC. We address questions including:

- What’s the focus at Founder Collective?
- What are the downsides of heavily funded companies?
- Overview and Methodology for your study of 71 IPOs: ‘Overdosing on VC: Lessons from 71 IPOs’ Conventional VC...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR135_Paley_p1.mp3
Category:Podcast Episodes -- posted at: 12:05pm EDT

On this special segment of The Full Ratchet,

the following investors are featured:

  • Parker

  • Suster

  • Shah

Each investor describes their investment thesis and

how they evaluate startups for investment.

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: IS62_Thesis_Parker_Suster_Shah.mp3
Category:Investor Stories -- posted at: 9:17am EDT

Trey Hart of Northern Trust is back to cover Part 2 of the GP-LP relationship. In this segment we address:

- Key mistakes that GPs make

- The key characteristics that successful GP’s share

- The importance of an ownership focus

- What winning really looks like for GPs, in terms of metrics (ie....

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR134_Hart_p2.mp3
Category:Podcast Episodes -- posted at: 11:52am EDT

Trey Hart, SVP of 50 South Capital at Northern Trust, joins Nick for a deep dive on the relationship between LPs and GPs. In Part 1, we will address questions including: Trey’s path to becoming an LP His thoughts on being a GP The types of GPs and categories they...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR133_Hart_p1.mp3
Category:Podcast Episodes -- posted at: 10:44am EDT

TastyTrade was kind enough to invite Nick on their program, Bootstrapping in America.  In this episode the interview audio will be available on the podcast and the video is here on the blog.  Hosts Kristi, Ross, and Tony Batista interview Nick about the Podcast, the investment group and what types...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR132_Bootstrapping.mp3
Category:Podcast Episodes -- posted at: 1:25pm EDT

On this special segment of The Full Ratchet, the following investors are featured:

  • Roberts

  • Struhl

  • Verrill

Each investor highlights a situation where they decided to invest in a startup and why they said yes.        

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: IS61_Invested_Roberts_Struhl_Verrill.mp3
Category:Investor Stories -- posted at: 9:38am EDT

Today we cover Part 2 of hardware products that have succeeded where others failed with Ben Einstein of Bolt. In this segment we address: You’ve discussed Pebble’s inability to ‘cross the chasm’ and access the early & late majority, while Fitbit was able to. What were the key reasons why...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR131_Einstein_p2.mp3
Category:Podcast Episodes -- posted at: 4:24pm EDT

Ben Einstein of Bolt joins Nick to cover Hardware products that have succeeded where others failed, Part 1. We will address questions including: To start off, can you talk about your thesis and approach toward investing in hardware? What are your thoughts on hardware startups designing for one use case...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR130_Einstein_p1.mp3
Category:Podcast Episodes -- posted at: 1:47pm EDT

On this special segment of The Full Ratchet, the following investors are featured:

- Triest & DeMarrais

- Tsai

- Larkins & Galston

Each investor highlights a situation where they decided not to invest, why they passed, and how it played out.        

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: IS60_Passed_Triest_DeMarrais_Tsai_Larkins_Galston.mp3
Category:Investor Stories -- posted at: 2:27pm EDT

Welcome back to TFR for another Cram Session. In these special releases, we have aggregated the takeaways and tips from previous episodes. In this installment, we will be recapping the following episodes:

73. Virtual Reality Investing, Part 1 (Adam Draper)

74. Virtual Reality Investing, Part 2 (Adam Draper)

75. No...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR125_Ep_73-78.mp3
Category:Podcast Episodes -- posted at: 2:04pm EDT

Today we cover Part 2 of Sector & Niche Focused Funds with Jordan Nof of Tusk Ventures. In this segment we address: Given the current regulatory environment, are there specific verticals that you find particularly compelling? Do you expect more micro VCs, niche and sector focused funds to launch in...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR128_Nof_p2.mp3
Category:Podcast Episodes -- posted at: 1:08pm EDT

Jordan Nof, head of investments at Tusk Ventures, joins Nick to cover Sector & Niche Focused Funds, Part 1. We will address questions including: Today we are talking about Sector/Niche Focused Funds. First off, at a high level, what categories and in what ways have you seen funds specialize? What are...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR125_Nof_p1.mp3
Category:Podcast Episodes -- posted at: 12:42pm EDT

On this special segment of The Full Ratchet, the following investors are featured:

- Olsen

- Collett

- Sanwal

Each investor illustrates a critical lesson learned about startup investing and how it’s changed their approach.          

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: IS59_lessons_olsen_collett_sanwal.mp3
Category:Investor Stories -- posted at: 9:01am EDT

Welcome back to TFR for another Cram Session. In these special releases, we have aggregated the takeaways and tips from previous episodes. In this installment, we will be recapping the following episodes:

67. The Bloomberg for Private Companies, Part 1 (Anand Sanwal)

68. The Bloomberg for Private Companies, Part 2...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR124_Cram_67-72.mp3
Category:Podcast Episodes -- posted at: 9:17am EDT

On this special segment of The Full Ratchet, the following Investors are featured:

-Kurzweil
-Buttrick
-Hudson

Each investor discusses sectors, drivers and/or
trends that may have significant impact in the
future and are potentially positioned for outsized-returns.

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: IS58_whats_next_kurzweil_buttrick_hudson.mp3
Category:Investor Stories -- posted at: 9:53am EDT

Today we cover Part 2 of Space Tech Investing with David Cowan of Bessemer Venture Partners. In this segment we address: Why is SpaceX moving the industry forward in the wrong direction? I recently read a Fortune article titled ‘VCs Invested More in Space Startups Last Year Than in the...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR125_Cowan_p2.mp3
Category:Podcast Episodes -- posted at: 9:48am EDT

David Cowan of Bessemer Venture Partners joins Nick to cover Space Tech Investing, Part 1. We will address questions including: First off, David what was the thought process that led you to invest in this area? You’ve written in the past about the roadmap approach toward investing.  Was it this...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

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Direct download: FR124_Cowan_p1.mp3
Category:Podcast Episodes -- posted at: 10:31am EDT

Welcome back to TFR for another Cram Session. In these special releases, we have aggregated the takeaways and tips from previous episodes. In this installment, we will be recapping the following episodes:

61. Diversity in Venture Capital, Part 1 (Christine Tsai)

62. Diversity in Venture Capital, Part 2 (Christine Tsai)...

 

To listen more, please visit http://fullratchet.net/podcast-episodes/
for all of our other episodes.

Also, follow us on twitter  for updates and more information.

Direct download: FR123_Cram_61-66.mp3
Category:Podcast Episodes -- posted at: 9:23am EDT

Direct download: IS57_Exc_Founders_Wilkins_Mason_Benaich.mp3
Category:Investor Stories -- posted at: 6:23am EDT

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