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

Nick Rishwain and Hannah Konitshek of The LegalTechLive Podcast interview Nick to discuss Advice for Founders -- Reaching out to VCs, Pitching over Zoom, and Closing Capital Amidst a Pandemic. In this episode we cover:

  • How have valuations been impacted from the pandemic?
  • How long will lower valuations persist?
  • Are VCs actively doing deals right now?
  • What's the most common mistake that founders make when approaching you for funding?
  • How much information would you prefer a founder share with you upfront (deck, financials, incorporation, docs, etc.)?
  • How often have you met a founder early, been added to their monthly update list and then come back to make an investment?
  • Should founders become more clinical when selecting investors?
  • How do you convince founders on New Stack as an investor?
  • There is one area that New Stack is really hands-on -- what is it?
  • What are some things a founder can do to get funded while  he's only got a well thought out idea and business plan?
  • Many founders don't know if their business is venture scale.  How do you determine if a business is venture-backable or not?
  • How does a sector that hasn't had huge exits at large multiples (like LegalTech) impact the way you assess startups in that sector?
  • How do you evaluate high recurring revenue vs. low recurring revenue?
  • Do you have any suggestions for a founder that is pitching now that it is completely remote?
  • Overall advice you're giving your portfolio companies right now?

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