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

Tomasz Tunguz of Theory Ventures joins Nick to discuss Web 3.0 Database Dominance, How to Trust Black-Box ML Models, Google's Ad Business in an LLM-First Search World, and Lessons from Looker, Monte Carlo, and MotherDuck. In this episode we cover:

  • Blockchain and Web3 Databases, with a Focus on Ethereum and Its Potential Dominance
  • AI, Data Analytics, and Their Applications in Business
  • Machine Learning Challenges and Opportunities,
  • AI Innovations in Robotics, Self-Driving Cars, and Programming
  • Using AI to Personalize Sales Pitches and Improve Response Rates
  • AI's Impact on GDP Growth, Productivity, and Profitability

Guest Links:

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and we’ll send a list of potential investors right to your inbox!

Direct download: Tomasz_Tunguz_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EST

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

  • Jules Schwerin
  • Adrian Aoun
  • Rob Rueckert

We asked guests to discuss the factor that could cause the most disruption to the industry going forward and how that will change the next decade of venture.

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and we’ll send a list of potential investors right to your inbox!


Alex Edelson of Slipstream Investors joins Nick to discuss LPs Seeking Alpha - Decoding the Myths and Mastery of Fund Structure, Size, Reserves, Access, and Selection. In this episode we cover:

  • Evaluating Emerging VC Firms and Co-Investing Opportunities
  • Overcoming Challenges in Investing in Emerging Managers with Limited Track Records
  • Evaluating Venture Capitalists' Competitive Advantages and Sustainability
  • Venture Capital Incentives and Non-Consensus Investments
  • Fundraising Challenges for VCs, With Advice on Structuring Fundraising Efforts
  • Using Reserves in Venture Capital Investments
  • How a GP Can Pitch Themselves to Limited Partners LPs to Build a Successful Partnership

Guest Links:

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and we’ll send a list of potential investors right to your inbox!

Direct download: Alex_Edelson_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EST

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

  • Joe Kaiser
  • Michael Jones
  • Gaurav Jain

We asked guests to share the best question they've ever been asked by an allocator.

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and we’ll send a list of potential investors right to your inbox!

Direct download: Investor_Stories_344_Best_LP_Question_Kaiser_Jones_Jain.mp3
Category:Investor Stories -- posted at: 4:00am EST

Larsen Jensen of Harpoon Ventures joins Nick to discuss TFR Declassified: Olympic Medalist and Navy SEAL on National Security, Deep Tech, and Taking Commercial Tech to Government Customers. In this episode we cover:

  • Startups Selling to Government Sector
  • Geopolitics and National Security in the Tech Industry
  • Startup Potential in Defense Industry
  • Investing in Tech Startups with a Focus on Government Contracts
  • AI Adoption in Government and Enterprise Sectors
  • Supporting Startup Founders with Differentiated Value
  • Drone and Counter-Drone Technology in National Security

Guest Links:

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and we’ll send a list of potential investors right to your inbox!

Direct download: Larsen_Jensen_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EST

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

  • Tim Tully
  • Jules Schwerin
  • Morgan Beller

We asked guests to discuss the most visionary founder that they've worked with and what makes them so special.

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and we’ll send a list of potential investors right to your inbox!

Direct download: Investor_Stories_343_Visionary_Founders_Tully_Schwerin_Beller.mp3
Category:Investor Stories -- posted at: 4:00am EST

Ashu Garg of Foundation Capital joins Nate to discuss The Future of Large Language Models, Open vs. Closed Sourced, and Why 2024 is the Year of Inference. In this episode we cover:

  • Venture Capital Investing Strategies and Ideal Founder Characteristics
  • AI Model Development and Its Future
  • AI Models for Legal Tech and Their Potential Applications
  • Tech Giants' Positioning in the AI Shift
  • Google's Innovation Dilemma and AI Adoption

Guest Links:

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and we’ll send a list of potential investors right to your inbox!

Direct download: Ashu_Garg_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EST

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

  • Mitchell Green
  • Colin Walsh
  • Adrian Aoun

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

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and we’ll send a list of potential investors right to your inbox!

Direct download: Investor_Stories_342_Why_I_Passed_Green_Walsh_Aoun.mp3
Category:Investor Stories -- posted at: 4:00am EST

Brian Long of Attentive joins Nate to discuss The Playbook to Finding Product-Market Fit, When Founders Should Begin to Scale, and Lessons from Building Attentive. In this episode we cover:

  • Entrepreneurship, Product Development, and Market Opportunity
  • Strategic Decisions for Early-Stage Companies
  • Customer Discovery and Feedback in Product Development
  • Product Market Fit and Customer Acquisition Strategies
  • Customer Problem Evolution and Startup Success Strategies
  • Sales Strategies, Company Growth, and Founder Experience

Guest Links:

The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Want to keep up to date with The Full Ratchet? Follow us on social.

You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

Are you a founder looking for your next investor? Visit our free tool VC-Rank and we’ll send a list of potential investors right to your inbox!

Direct download: Brian_Long_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EST

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