Oren Yunger of Notable Capital joins Nick to discuss Who Wins in the Cat and Mouse Game of Cyber, Open Source’s Role in Security, The Dealflow Network that Sources Deals and Vetts Them, and Will The Future Bring More Bundling or Unbundling? In this episode we cover:

• Navigating Playbooks and Founder Experience
• Supporting Founders and Cybersecurity Startups
• Cybersecurity Trends and Open Source
• Investing in Israel and Tech Hubs
• Investing Models and Strategic Partnerships
• Cybersecurity Market Dynamics and AI Impact
• Consolidation and Best-of-Breed Solutions
• Identity Management and Deepfakes

Guest Links:

• Oren’s LinkedIn
• Oren’s Twitter/X
• Oren’s Personal Website
• Notable Capital’s LinkedIn
• Notable Capital’s Website

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!

Gregory Ho of Spring Mountain Capital joins Nick to discuss The Former CFO of McKinsey on AI, Quantum Computing, BioEngineering, and Why Social Impact Can be the Key to Investment Success. In this episode we cover:

• AI's Applicability Across Sectors
• Challenges and Opportunities in AI Adoption
• Consulting Services and AI's Impact
• Practical Applications of AI in Healthcare
• Investing in Bioengineering and Social Impact
• Challenges and Opportunities in Social Impact Investing
• Future of Quantum Computing and AI

Guest Links:

• Gregory’s LinkedIn
• Spring Mountain Capital’s LinkedIn
• Spring Mountain Capital’s Website

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!

Eric Boduch of Venture Studio 24 and Up and Revcast joins Nick to discuss Scaling Unicorn Pendo, When to Hire Your First Sales Leader, How To Construct a Team Pre and Post PMF, and How to Balance Stretch vs. Strain. In this episode we cover:

• Pendo's Origin, Product Development, and Customer Acquisition
• Product Market Fit, Growth Strategies and Team Composition for Early-Stage SaaS Startups
• Hiring and Company Culture at a Fast-Growing Startup
• Building and Optimizing Revenue Organizations - Metrics and Assumptions
• AI's Impact on Software, Dashboarding and Agent Orchestration

Guest Links:

• Eric’s LinkedIn
• Eric's Twitter/X
• Revcast LinkedIn
• Revcast Website
• Pendo Website

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!

Jill Chase of CapitalG joins Nick to discuss Where AI Value will Accrue in the Tech Stack, How Far we are from AGI, The Role of Adversarial AI, and Enterprise Adoption of AI in 2024. In this episode we cover:

• AI Technology and Investment, LTM Nets and Potential for Fully Autonomous Software Engineering
• AI Technology, Growth Strategies, and Outlier Metrics in the Industry
• AI Adoption in Enterprise, Challenges in Measuring ROI
• Ethical Considerations Around Data Usage for Model Training
• AI Research and Its Potential Impact on Society

Guest Links:

• Jill's Twitter/X
• Jill’s LinkedIn
• CapitalG’s LinkedIn
• CapitalG’s Website

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!

Sandeep Patil of QED Investors joins Nick to discuss From India to IPO: Cracking the Code of Cross-Border FinTech Investments, Regulation, and Market Dynamics. In this episode we cover:

• Investment Strategies in Asia and Australia, with a Focus on FinTech Companies
• Challenges of Starting a Successful Tech Company in India
• FinTech in India, Market Differences and Data Privacy Concerns
• FinTech Trends, Embedded Finance, Digital Infrastructure, and Open Banking
• Benefits of Regulation in Fintech, Importance of Understanding Regulatory Agenda, and IPO Considerations for Indian Companies
• Indian Tech Companies' Listing Preferences and NASDAQ vs. Indian exchanges
• India's Startup Ecosystem, Growth Potential, Tailwinds, and Challenges

Guest Links:

• Sandeep’s LinkedIn
• Sandeep’s Twitter/X
• QED’s LinkedIn
• QED’s Website

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!

Phin Upham of Haymaker Ventures joins Nick to discuss Why Fewer is Better; Pursuing a Frictionless World, The Value in Reframing Everything. In this episode we cover:

• The Challenges of Being a Good Venture Capitalist in a Rapidly Institutionalized Industry
• Startup Growth Strategies in a Capital-Tight Environment
• Fraud and Open Banking in the US
• Friction in Efficiency Business, Picking Good Companies and Adding Value after Investing
• The Benefits and Challenges of FinTech and AI in the Financial Industry
• US Business Culture, Trust, and Escape Velocity
• AI's Role in Personalized Decision-Making
• Wealth Management, and Crypto Investments

Guest Links:

• Phin’s LinkedIn
• Phin’s Twitter/X
• Haymaker Venture’s LinkedIn
• Haymaker Venture's Website

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!

Heidi Roizen of Threshold Ventures joins Nick to discuss Secrets of a Serial Entrepreneur and VC: Fraudulent Founders, Radical Recaps, C-suite Shuffles, and Reviving Dysfunctional Boards. In this episode we cover:

• VCs' Bad Behavior During Market Downturns, Self-Optimization for Short-Term Gain and Poor Treatment of Entrepreneurs
• Entrepreneurship, Investors, and Advisors with Tips for Founders
• Secondary Shares in VC Investments, with Focus on Founder and VC Perspectives
• Startup Funding, Board Dynamics, and Founder Liquidity
• Board Member Behavior and How to Address Negative Actions
• Gender Diversity in Venture Capital, Including Challenges Faced by Women in the Industry
• Entrepreneurship Program at Stanford with a Focus on Ethics and Social Impact

Guest Links:

• Heidi's LinkedIn
• Heidi's Twitter/X
• Threshold's Website
• Threshold Podcast

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!

Sami Inkinen of Virta Health joins Nick to discuss Lessons from Founding Trulia to IPO, How to Enter New Industries with No Experience, and Why Technology is Critical to Combat Diabetes in an era of GLP-1s. In this episode we cover:

• Early Days of Trulia, Product Market Fit, and Challenges Faced by the Founder
• Building a Successful Company Without an Exit Strategy
• Reversing Diabetes through Nutrition and Technology
• Using Biomarkers and Software to Track and Adjust Diet and Lifestyle for Optimal Health
• Addressing Obesity through Telemedicine and Value-Based Care
• Healthcare ROI and Patient Retention in a US-Based Digital Health Platform
• Managing Complex Stakeholders in Healthcare and Real Estate Industries

Guest Links:

• LinkedIn
• Twitter/X
• Virta Health Website

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!

Mike Droesch of Bessemer Venture Partners joins Nick to discuss The Path from Aspiring VC to Partner at Bessemer, Building Non-Consensus Conviction, The Most Compelling Vertical Applications of AI, and Why Fintech is the New Frontier in Supply Chain. In this episode we cover:

• AI Applications in Various Industries, Advancements in AI-Powered Voice Transcription Technology,
• AI's Potential to Disrupt Vertical SaaS Industries
• Business Models for AI Software, Including Copilots, Agents, and Tech-Enabled Services
• AI Applications, Defensibility, and Market Potential
• Open Source vs. Closed Source AI Models
• Supply Chain Inefficiencies and the Role of FinTech in Improving Payment and Invoicing Processes
• Investing in Non-Consensus Supply Chain Software Categories, Focusing on Procurement and Freight Audit

Guest Links:

• LinkedIn
• Twitter/X 
• Bessemer Venture Partners

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!

Adam Felesky of Portage joins Nick to discuss The Prospects & Primary Benefits of Open Banking, Assessing Multi-Variate Risk in Fintech, and Whether Larger Outcomes will come from Embedded Fintech or Vertically Integrated Platforms. In this episode we cover:

• Investing in Web3, Crypto, and Blockchain, with a Focus on Global Markets and Entry Points
• Investing in International Companies, with a Focus on Due Diligence and Risk Assessment
• Modernizing Financial Infrastructure and Stacks
• Open Banking, Payment Rails, and Acquisitions in the FinTech Industry
• FinTech Investing, Risk Management, and Portfolio Support

Guest Links:

• LinkedIn
• Twitter/X
• Portage

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!

Alexa von Tobel of Inspired Capital joins Nick to discuss ID’ing Generational Founders, Targeting Structurally Broken Markets, Bringing Venture Back to the Studs, and How Value will Accrue in AI Between Incumbents and Upstarts. In this episode we cover:

• Support Innovative Companies Addressing Societal Problems
• Investing in Structurally Broken Markets
• AI Adoption, Future of Work, and Potential Job Automation
• AI Value Distribution, Incumbents Vs. Startups, and M&A Challenges
• Future of FinTech and Reimagining Products
• Investment Strategy in Uncertain Macro Environment

Guest Links:

• LinkedIn
• X
• Inspired Capital

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!

Rick Heitzmann of First Mark joins Nick to discuss Building First Mark, A Leading VC in NYC, Will New York Overtake the Bay Area, Insights on Unicorn Selection from a Perennial Midas List Investor, and Why Remote Work can Ruin Great Startups. In this episode we cover:

• Consumer Investing
• Investing in DraftKings Despite Regulatory Risks
• AI's Impact on SaaS Development and Deployment
• AI and GLP-1 Impact on Quality of Life
• Evaluating Entrepreneurs' Potential for Success

Guest Links:

• LinkedIn
• X
• First Mark

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!

Katelin Holloway of Seven Seven Six joins Nate to discuss The Question that Every Investor Should Ask, Teasing out the Characteristics of Generational Founders, and Recruiting Lessons from 1000+ Interviews. In this episode we cover:

• HR Tech Development and Investment
• Changing Dynamics in the Venture Capital Industry
• Identifying Strong Founders, Through Talent Identification and Instinct vs. Data-Driven Approach
• Evaluating Startup Founders and Products Using a Standardized Scorecard System
• Assessing Founders' Integrity and Delivery on Promises
• Important Questions to Ask Founders During Investment Meetings
• Common Hiring Mistakes Founders Make, Overhiring, Not Pacing Hiring, and Hiring Too Senior

Guest Links:

• LinkedIn
• X
• Seven Seven Six

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!

Ambar Bhattacharyya of Maverick Capital joins Nick to discuss Healthcare Deep Dive – How AI and GLP-1 Megatrends Affect the Industry, Why Specialities Need to be Integrated, and Insights on Bundling vs. Unbundling. In this episode we cover:

• Healthcare Trends, Including High Deductible Health Plans and Cash Pay Models
• US Halthcare System, Incentives for Preventative Medicine, and Potential for Value-Based Outcome-Oriented Systems
• AI Adoption in Healthcare, Including Adoption and Risks
• The Future of Healthcare Technology, New Codes, and Credentialing Process
• Healthcare, Aging, and End-of-Life Care

Guest Links:

• LinkedIn
• X
• Maverick

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!

Jake Yormak of Story Ventures joins Nate to discuss Why Hardware is Attractive, The Most Interesting Areas in AI Outside of GenAI, and the Modern Data Stack. In this episode we cover:

• Concentrating on Early-Stage Companies with Potential for Growth
• Investing in Hardware Companies, Challenges and Opportunities
• Focusing on Power Law Outliers
• AI Commoditization, Impact on Profit Pools, with a Focus on Computer Vision and Proprietary Data
• AI in Workflows, Incentivizing Users to Contribute Context

Guest Links:

• LinkedIn
• X
• Story Ventures

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!

James Joaquin of Obvious Ventures joins Nick to discuss Solving the World's Toughest Problems, the Ethics of AI, and the Rise of Generative Science. In this episode we cover:

• Growth of Funds and Measuring Alignment Between Investors and Founders
• Investing in Tech Companies with Positive Impact
• Generative AI for Scientific Breakthroughs and Renewable Energy
• AI's Potential to Transform Healthcare, Life Expectancy, and Scientific Research
• Climate Tech Investment Potential and the Role of Venture Capital in Driving Sustainable Economic Growth
• AI Ethics, Regulation, and Cybercrime Risks

Guest Links:

• LinkedIn
• Twitter
• Obvious Ventures

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!

Pejman Nozad of Pear VC joins Nick to discuss How a Sports Journalist, Car Washer, and Rug Salesman Built a Tier 1 VC Firm . In this episode we cover:

• Entrepreneurship, Venture Capital, and Building a Firm for Generations
• Entrepreneur Mindset, Sales Skills, and Storytelling
• Investing in Startups, Pro Rata, and Valuation
• Evaluating Startup Potential, Including Market Size and Founder Quality
• Investing, Exit Strategies, and Building Relationships with Founders

Guest Links:

• LinkedIn
• X
• Pear VC

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!

Ilya Strebulaev co-author of the Venture Mindset joins Nick to discuss Deconstructing the Venture Mindset -- The Data and Decision-Making Driving Top Tier Investing. In this episode we cover:

• Venture Capital Mindset and Decision-Making Principles
• Venture Capital's Role in Creating Successful Companies
• Sourcing and Selection in Venture Capital, Diversifying Networks and Meaningful Connections
• Venture Capital Investing Strategies and Portfolio Management
• Venture Capital Best Practices, Including Risk Management and Portfolio Analysis
• Venture Mindset, Incentives, and Innovation in Startups and Large Companies
• Investing in Venture Capital During Economic Downturns, with Insights on AI and Unicorn Valuations

Guest Links:

• LinkedIn
• X
• Order The Venture Mindset
• Book a Conversation with Ilya

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!

Alan Patricof & Abby Miller Levy of Primetime Partners joins Nick to discuss Founding VC Firms Apax, Greycroft, and Primetime, the Keys to Unlocking Investment Value in Healthcare, and Why the Aging Population is the Biggest Opportunity in Tech. In this episode we cover:

• Launching a Horizontal Fund Focused on Ageing Population
• Investing in Businesses Catering to Aging Population
• Healthcare Investment, Regulation, and AI's impact
• Reducing Healthcare Costs Through Prevention and Engagement
• Healthcare Innovation, Monitoring, and Diagnostics
• Reaching Older Adults in Healthcare, Including Marketing Strategies and Challenges

Guest Links:

• LinkedIn - Alan , Abby
• X - Alan
• Primetime Partners

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!

Frank Rotman of QED Investors joins Nick to discuss Lessons from Building the Iconic Firm QED, the History of Fintech, the Efficiency of Carbon Vs. Silicon Processing, and Decentralizations Role in the Future of Finance. In this episode we cover:

• Decentralization, and Stable Coins in Finance
• Financial Nihilism and Is Impact on Savings, Investing, and the Economy
• Megatrends, Including Aging Population, Climate Change, and GLP-1 Drugs
• Carbon-Based vs Silicon-Based Learning Machines, Strengths and Limitations
• Balancing Investor and Founder Needs
• Venture Capital's Role in Startup Growth and the Need for Innovation in the Industry
• Investing in Startups, Importance of Reserves, and Portfolio Construction

Guest Links:

• LinkedIn
• X -  QED Investors
• X - Frank
• QED Investors

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!

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:

• LinkedIn
• X
• Theory Ventures

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:

• LinkedIn
• X
• Slipstream Investors

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!

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:

• LinkedIn
• Harpoon Ventures

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!

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:

• LinkedIn
• X
• Foundation Capital

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!

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:

• LinkedIn
• X 
• Attentive

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!

David Spreng of Runway Growth Capital joins Nate to discuss 2024: The Year of Reckoning in the Venture Markets, The Future of Venture Debt, and Why the Venture Cycle is Unique. In this episode we cover:

• Venture Capital, Technology Investments, and Late-Stage Funding
• Differentiating Venture Debt Providers and Red Flags to Watch Out For
• Venture Capital Quality, Liquidity Options, and Restructuring
• Investing During Market Cycle Peak
• Venture Debt Market Evolution and Underwriting Model

Guest Links:

• LinkedIn
• Twitter
• Runway Growth Capital

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!

Rob Rueckert of Sorenson Capital joins Nick to discuss How NVIDIA Beat Intel, Building a Firm Based on Go-to-Market, and Why Deal Judgement Trumps Deal Access. In this episode we cover:

• Venture Capital, Marketing, and Sales Strategies
• AI's Impact on the Tech Industry, Jobs, and Innovation
• Hiring Early Employees, Building a Strong Team, Leadership, and Company Growth
• Entrepreneurship, investing, and Solving Humanity's Biggest Problems

Guest Links:

• LinkedIn
• Twitter
• Sorenson Capital

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!

Semyon Dukach of One Way Ventures joins Nick to discuss Why Immigrant Founders Outperform, Lessons from Professional Blackjack, And Why Worrying About Downstream Financing is a Mental Trap. In this episode we cover:

• Investing, Immigration, and Blackjack
• Investing in Immigrant Founders and Their Unique Perspectives
• Startup Investment Criteria and Screening Process
• Entrepreneurship and Founder Characteristics
• Investing in Tech Startups, Focusing on Credibility and Founder Quality
• Investing in AI Startups and Future Risks

Guest Links:

• LinkedIn
• Twitter
• One Way Ventures

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!

Todd Klein of Revolution Growth joins Nate to discuss The Most Interesting Diligence Process You’ve Ever Heard, Why Founders Aren’t Risk Takers, and Reasoning Behind The Government Blocking More M&A Than Ever Before. In this episode we cover:

• Revolution Growth's Investment Philosophy and Areas of Focus
• The Current Regulatory Environment for Exits and M&A
• Comparison of the Internet Paradigm Shift to AI and Identifying Sustainable Trends
• Evaluating Founders and Distinguishing Those Who Want to Build Big Versus Control
• Process for Identifying Trends and Immersing in Portfolio Companies

Guest Links:

• LinkedIn
• Twitter
• Revolution

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!

Pete Flint of NFX joins Nate to discuss How AI Will Transform the Future of Marketplaces, the Shift from AI Co-Pilots to Agents, & Frameworks for Investment Timing. In this episode we cover:

• Founding a Successful Tech Startup and Industry Insights
• Founding NFX, Software Approach to Venture Firm, and Orthogonal Initiatives
• Venture Capital Investment Strategy and Philosophy
• Leveraging AI in Marketplaces for Efficient Operations and Novel Consumer Experiences
• AI-Driven Career Counseling and Autopilot Technology
• AI Value Creation and Distribution
• B2B Marketplaces, Defensibility, Investment Criteria, and AI

Guest Links:

• Twitter
• LinkedIn
• NFX

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!

Adrian Aoun of Forward joins Nick to discuss Why Healthcare is Broken and How to Fix it, A Future Path Forward Where Doctors are Architects not Providers, and How the Employer-Sponsored Healthcare System is Designed to Fail Us. In this episode we cover:

• AI, Startups, and Entrepreneurship With Google Executives Larry Page and Sergey Brin
• Democratizing Healthcare Through AI-Powered Pods
• Healthcare Innovation and Technology Adoption
• Assessing Talent and Building Teams in Person Vs. Remote
• Healthcare System Flaws and Potential Solutions
• Improving Healthcare with AI and Remote Monitoring

Guest Links:

• Twitter
• LinkedIn
• Forward

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!

Raffi Garabedian of Electric Hydrogen joins Nate to discuss Why the Opportunity in Energy may be as Large as AI, The Path to Decarbonization, and Fundraising Advice for DeepTech Startups. In this episode we cover:

• Green Hydrogen and Its Potential for Clean Energy
• Energy Transition and Business Opportunities in a Changing World
• Green Hydrogen Applications and Timeline for Ammonia Transformation
• Decarbonization in Various Industries
• Green Hydrogen Infrastructure Development
• Green Hydrogen Viability and Political Support

Guest Links:

• Twitter
• LinkedIn
• Electric Hydrogen

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

Colin Walsh of Varo Bank joins Nate to discuss Scaling Varo to $1B+, The Future of Banking, & Why the Biggest Opportunity in Fintech is Financial Inclusion. In this episode we cover:

• Entrepreneurship, Risk-Taking and Founding a Fintech Company
• Financial Innovation and Customer Needs in the Industry
• Financial Challenges and Technology Solutions
• Becoming a Bank and Offering Financial Products to Consumers
• AI's Impact on Financial Services, Operational Risk, and Productivity

Guest Links:

• Twitter
• LinkedIn
• Varo

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!

Gaurav Jain of Afore Capital joins Nate to discuss Why Market Size is Irrelevant, Patterns from Working with the Best Founders, & How AI Compares to Past Paradigm Shifts. In this episode we cover:

• AI Paradigm Shift and Its Impact on Venture Capital Investments
• AI Investment Opportunities in Various Industries
• Market Size and Founder Potential in Seed Investing
• Evaluating Founders' Ability to Learn and Grow in a Fast-Paced Startup Environment
• The State of the Pre-Seed Market and the Importance of Innovation in Venture Capital
• Startup Funding and the Importance of Right-Sized Rounds

Guest Links:

• Twitter
• LinkedIn
• Afore Capital

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!

Morgan Beller of NFX joins Nick to discuss Is Cerebral Valley the True Mecca for AI or Just Hype, How the FTX Meltdown Could Benefit Crypto in the Long Run, and The Pros and Cons of Taking on Elon Musk and Jeff Bezos. In this episode we cover:

• Stable Coins and Their Potential Use Cases
• Crypto Regulation, FTX Debacle, and Market Correction
• Space Technology, Satellite Repair and Competition
• AI Companies in San Francisco's Hayes Valley
• Startup Valuations, Founder Skills, and Competitive Advantages

Guest Links:

• Twitter
• LinkedIn
• NFX

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!

Ramy Adeeb of 1984 Ventures joins Nick to discuss 2024 Predictions P2: Bullish/Bearish on Acquisitions, First-Time Founders, Neobanks, PLG, Gaming, Cleantech, Venture GPT, Cyber, and A&D. In this episode we cover:

• US Politics and Election Predictions in 2024
• Economic Indicators, Credit Crisis, and Government Spending
• Down Rounds in the Startup Industry
• Venture Capital, Product-Led Growth, and Industry Evolution
• Gaming, Clean Tech, and VC Investments
• AI's Potential Impact, Cybersecurity, and Defense Tech in the Venture Capital Industry

Guest Links:

• Twitter
• LinkedIn
• 1984 Ventures

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!

Ramy Adeeb of 1984 Ventures joins Nick to discuss 2024 Predictions P1: A Perfect Storm for Crisis, Feast & Famine in VC, Big Tech AI vs. Startup AI, and How LLMs Become the Ultimate Accelerant & Tax on Venture. In this episode we cover:

• Venture Capital Industry Challenges and Potential "Great Resignation" of VCs
• The Current State of VC Investments, Startup Challenges and Revenue Metrics
• Investing in Startups, Crypto, and AI
• AI Adoption and Its Challenges for Startups and Incumbents
• AI's Potential Impact on Various Industries and Applications
• Interest Rates, and Startup Valuations
• AI and Tech Industry Trends

Guest Links:

• Twitter
• LinkedIn
• 1984 Ventures

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!

In this special replay episode McKeever “Mac” Conwell II of RareBreed Ventures joins Nick to discuss Raising a Fund via General Solicitation & Twitter, How Rolling Funds Can Disadvantage LPs, and Facing the Reality of Diversity in VC. In this episode, we cover:

• Walk us through your background and path to VC
• What’s the thesis at RareBreed Ventures?
• Why did you start RareBreed Ventures?
• Tell me about the fundraise… when did you first kickoff and then start getting momentum?
• Have you gotten better at raising over time? What have you improved most?
• What resonates w/ LPs, what do you get pushback on?
• What’s been the biggest surprise in the process so far?
• Optimistic, pessimistic or neutral on diversity in VC over the next decade?
• Twitter — blowing up, what’s working so well?
• Rolling fund vs. not… why?
• Thoughts on thesis and portfolio construction…
• What’s the ideal fund size for your stage and strategy?
• Founders… biggest mistake you see early stage founders make
• Gives us a snapshot of Rarebreed in 3 years… how about 7 years?

Guest Links:

• RareBreed Ventures
• Mac’s Twitter

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!

In this special replay episode Grace Isford of Canvas Ventures joins Nick on a special Crisis Coverage installment to discuss the GTM Playbook; Building a Career in VC; Societal Challenges and Opportunities Post-COVID; and a Comprehensive Analysis of Successful GPs and Venture Investments. In this episode, we cover:

• You’re an extroverted, people-person… how you holding up w/ the quarantine?
• Quick overview of your background and path to VC?
• Your focus (and thesis) at Canvas?
• You developed a 30 page GTM Playbook based on interviews w/ 10+ CROs/VPs of Sales across major B2B companies. First of all, is this publicly available and also what were some takeaways that really stood out?
• There’s a segment of VCs that believe that one must be an operator to be a good VC… what’s your stance?
• Examples of successful non-operators?
• You completed a comprehensive analysis of the portfolios of over 200 venture firms, looked at 100 successful GPs, and winning, U.S.-based investments w/ a valuation greater than $500M… what were your key takeaways?
• A bit about signaling… Many in the industry and those observing determine the value of a startup based on whether a brand name venture firm is in the deal… “If Sequoia is in the deal, startup must be great”… what are your thoughts on this common perception?
• What does your weekly routine look like and how have you prioritized the various demands of the job?
• What have you found to be most challenging in your career as a VC?
• What advice do you have for young folks trying to make an impact as an investor or board observer?
• You wrote a great piece that analyzed three areas where VCs could invest to address the societal challenges of COVID-19. Can you walk us through each of these and why the opportunity here is greater?
• What do you think the future holds for venture & entrepreneurship in a post-COVID world?
• The old playbook for winning deals is gone… Any idea on how one might win a deal virtually?

Guest Links:

• Grace’s Twitter
• Grace’s LinkedIn
• Canvas Ventures

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!

In this special replay episode Semil Shah of Haystack joins Nick to discuss 1st Institutional VC Fund Raised– Key Learnings.  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.

Guest Links:

• Semil’s Blog
• Semil on Twitter
• How To Transform A VC Fund Capital Base From Individuals To Institutional LPs

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!

In this special replay episode Ed Sim of Boldstart ventures joins Nick to discuss Maintaining a Disciplined Fund Size and Strategy, The Rise of NYC Tech, and Changes in the Exit Environment. In this episode, we cover:

• Walk us through your background and path to VC
• What’s the thesis at boldstart ventures?
• What was it like starting Boldstart in NYC in 2010?
• Tell us a bit about the thesis at investment and how things evolved over the years until the ultimate exit?
• What’s your preference…  Niche and narrow problems or big and expansive opportunities?
• What is your mental model for investing in enterprise founders with ideas?
• category creation
• Why only technical founders?
• Will this enterprise bull market sustain?
• You’ve talked about being involved and sitting on boards from “whiteboard to scale” ?…  how do you manage ever-increasing board responsibilities with other demands of the job?
• Where are VCs most lacking when it comes to the value that early-stage founders require?
• Do you think there’s too much money in venture?
• How do you win in a seed with so many seed funds?

Guest Links:

• boldstart ventures
• Ed’s Twitter
• Ed’s LinkedIn

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!

In this special replay episode 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 investing
• His focus on finding 5,000x returns and his response to those that say he is discouraging innovation w/ this approach
• How he thinks about the economics and business model of early-stage businesses in nascent markets
• If he takes a contrarian or adversarial approach with founders

Guest Links:

• Calacanis.com
• Jason on Twitter

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!

Jon Keidan of Torch Capital joins Nate to discuss The Consumer Investing Framework, The Importance of Building a Brand, And Tactical Advice for Founders on how to find Product-Market Fit. In this episode we cover:

• Investing in Consumer Companies, Pain Points, Market Size, and Founder Qualities
• Balancing Top-Down and Bottom-Up Investing Strategies
• Consumer Distribution and Unit Economics in Early-Stage Investing
• Building a Strong Brand and Moat for a Successful Business
• Consumer Social Platforms and Their Potential for Growth
• Fundraising Strategies for Early-Stage Startups

Guest Links:

• Twitter
• LinkedIn
• Torch Capital

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!

Jules Schwerin of RTP Global joins Nate to discuss How AI Will Transform Legacy Industries, The Bull Case for Vertical SaaS, and the Future of the Series A Market. In this episode we cover:

• Investing in Lagging Industries and Overcoming Inertia to Adopt Modern Tech
• Market Entry Strategies and AI Adoption
• Market Size, Competition, and Funding for Vertical SaaS Companies
• Logistics Investments and Niche Markets
• IPOs, Deal Making, and Valuations in the Venture Capital Industry

Guest Links:

• Email
• LinkedIn
• RTP Global

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!

Mitchell Green of Lead Edge Capital joins Nick to discuss The Hierarchy of Bullsh*t, The 8 Criteria that Matter Most, Why Boiler Rooms Win, and the Key to Raising Capital. In this episode we cover:

• Investment Criteria for Scaling Companies
• Leveraging a Network of High-Net-Worth Individuals for Investment Opportunities
• Hiring and Evaluating Analysts in the Venture Capital Industry
• Investing in Private Companies and IPOs
• AI, Entrepreneurship, and Investing

Guest Links:

• Twitter
• LinkedIn
• Lead Edge Capital

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!

Michael Jones of Science Ventures joins Nick to discuss Lessons from Liquid Death and Dollar Shave, Why X’s Super-App Strategy is Flawed, Building Through Influence, and The Power of Observation. In this episode we cover:

• Disrupting the Razor and Beverage Industries
• Influencer Marketing and E-Commerce Trends
• Early Stage Investing, AI, and Startup Landscape
• Identifying Successful Founders

Guest Links:

• Twitter
• LinkedIn
• Science

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!

Tim Tully of Menlo Ventures joins Nate to discuss Navigating the AI Hype: Where Value Will Accrue for Investors, the Future of AI Tech Stack, and the Role of Open Source, Vector Databases, and Recommendations Engines. In this episode we cover:

• AI Hype, Investments, and Company Growth
• Using Vector Databases to Improve AI Accuracy
• Tech Investments and Trends in Developer Tools and Microservices
• Enterprise Customer Demands, Engineering Teams, and Data Privacy

Guest Links:

• Twitter
• LinkedIn
• Menlo Ventures

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!

Joe Kaiser of Mercato joins Nate to discuss Why the Growth Equity Model is Broken, the Playbook for Scaling in Between the Coasts, and the Verticalization of Big Data . In this episode we cover:

• Investment Strategy and Ideal Company Fit for a Midwestern Venture Capital Firm
• Scaling Companies in Different Geographies and the Role of AI in Various Industries
• AI Investment Strategies and Valuations
• Startup Valuations, IPOs, and Growth Equity
• Venture Capital, Investing, and Entrepreneurship.

Guest Links:

• Twitter
• LinkedIn
• Mercato Partners

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!

Lily Lyman of Underscore joins Nick to discuss Workflow automation, LLMs impact on the Future of Work, Why Proprietary Data-Sets Will Win, How Business Models Will Change with AI, Why VCs should Focus on Revenue Growth and Not Markups. In this episode we cover:

• AI's Impact on Work, Automation, and Collaboration
• Investing in InsurTech, Supply Chain Logistics, Commerce, and Digital Health
• Healthcare Tech Evolution, Business Models, and AI
• Venture Capital, Valuations, and Investing in the Current Market
• Entrepreneurship, Fundraising, and Company Building Insights

Guest Links:

• Twitter
• LinkedIn
• Underscore

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!

Peter Wagner of Wing VC joins Nick to discuss Lessons from Seed Investing in Snowflake and Gong, Why the Next Super-Cycle is Here and How to Invest in It, and Insights on Firm Building, Decision Making, and Talent Spotting. In this episode we cover:

• Early-Stage Investing and Company Building in B2B Technology
• Investment Decisions and Market Fit
• AI's Impact on Business and Investment Strategies
• Data Platforms, ETL, and Vector Data in AI
• Venture Capital Team Building and Talent Selection

Guest Links:

• Twitter
• LinkedIn
• Wing VC

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!

Rebecca Lynn of Canvas Ventures joins Nate to discuss Why Good Marketing Beats Good Product, Emerging Use Cases for AI, and Tactical Advice for Founder to Build Their GTM. In this episode we cover:

• Product Market Fit, Customer Needs, Marketing Strategies and Product Development
• Marketing Strategies for Early-Stage Founders
• Venture Capital, Marketing, and Scalability
• Investing in Health Tech and Fintech Companies
• AI in Legal Tech and Debt Collection

Guest Links:

• Twitter
• LinkedIn
• Canvas Ventures

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!

Shensi Ding of Merge joins Nate to discuss How to Instill a Culture of Speed, Lessons from Scaling Merge to 8000 Customers, and the Future of Software Integration. In this episode we cover:

• Founding a Company to Solve Integration Problems in the Workplace
• Product Market Fit and Customer Acquisition Challenges
• API-First Company Challenges, Speed, and Quality
• Hiring Culture and Growth

Guest Links:

• Twitter
• LinkedIn
• Merge

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!

Ian Sigalow of Greycroft joins Nick to discuss Co-Founding Greycroft with Alan Patricof & Dana Settle; Balancing Thesis Focus and Flexibility; AI Tooling vs. AI Platforms; and the Search for the Next Form Factor Amidst Smart-phone Saturation. In this episode we cover:

• Venture Capital, Technology Trends, and Entrepreneurship
• AI, GPUs, and Edge Computing
• Future Growth Platforms for Consumer Software and Applications
• AI Adoption and Platform Development
• Investment Strategies and Portfolio Performance in the Tech Industry
• Venture Capital, Public VS Private Markets, and Personal Habits.

Guest Links:

• Twitter
• LinkedIn
• Greycroft

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!

Risa Stack of The Production Board joins Nate to discuss Can BioTech Extend Life to 150 Years? Gene Editing, and Investing in the Future of Life Sciences. In this episode we cover:

• Entrepreneurship, Venture Capital, and Starting Companies
• Venture Studio Model, Technical Risk, and Investing in Businesses
• Challenges in Therapeutic Development and Commercialization
• Prioritizing People Over Products, and Assessing the Funding Environment for Critical Industries
• Biotech, Life Extension, and Investment Strategies
• Gene Editing and Cell Therapy Technologies
• Personalized Medicine

Guest Links:

• LinkedIn
• The Production Board

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!

Sebastian Duesterhoeft of Lightspeed Venture Partners joins Nate to discuss Are Software Businesses Defensible? What is the S curve and How to Time it, and Lessons from Investing in Snowflake, Databricks, and Confluent. In this episode we cover:

• Investing in a Challenging Market with a Growth Investor
• AI Technology, Its Impact & Potential to Disrupt Industries and Create New Opportunities
• Investment Strategies and Price Dynamics in the Startup Space
• Investing in Enterprise Software Companies, Including S-Curve Analysis
• Market Size and Potential for a New Endpoint Security Player
• Determining the Size of the Queue for Cloud Security and Software Development
• Market Sizing, Vertical SAAS, and Software Margins
• Investing, Brand, and Distribution in the Tech Industry

Guest Links:

• Twitter
• LinkedIn
• Lightspeed Venture Partners

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!

Jerry Neumann and Elizabeth Zalman of Neu Venture Capital/Crane Venture Partners join Nick to discuss Founder Vs. Investor – A debate between an Experienced Founder and the VC that Backed Her. In this episode we cover:

• Should Founders Even Want Venture Capital
• Advice on Raising Capital
• The Importance of Having a Hiring Process
• How Many Full-Time Jobs Can a Founder Have
• VC Attorneys
• What Is the Purpose of the Board of Directors
• Differences Between the Private and Public Markets
• Tools Used for Profiling Founders

Guest Links:

Jerry Neumann:

• Twitter
• LinkedIn
• Neu Venture Capital

Elizabeth Zalman:

• LinkedIn
• Crane Venture Partners

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!

Roger Ehrenberg of Eberg Capital joins Nick to discuss Building and Leaving the Iconic Seed Firm IA, Mastering Reserve Strategy, Investing in Sports and the Next Wave of Entertainment, and Analyzing the Pysche of Unicorn Founders. In this episode we cover:

• Spending Time with Founders Before Investing
• What Most Investors Miss When Generating Persistent Returns
• Directive vs Constructive with Founders
• The Future of Sports
• Dealing with Issues in Real Time

Guest Links:

• Twitter
• LinkedIn
• Eberg Capital

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!

John Cowgill of Costanoa Ventures joins Nate to discuss Why You Should Always Bet on The Founder, The Future of Cybersecurity, and Will AI Live up to the Hype?. In this episode we cover:

• How Do Costanoa Ventures Run References
• Do Investors Need to Have a Thesis
• What Is Applied Big Data and How Will It Change the Enterprise
• Bets on AI in the Enterprise
• How Generative AI Can Be a Catalyst for Esoteric Industries

Guest Links:

• Twitter
• LinkedIn
• Costanoa Ventures

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!

Immad Akhund of Mercury joins Nate to discuss Behind the Scenes at Mercury During the SVB Crisis, Tactical Fundraising Advice for Founders, Lessons from 300+ Angel Investments. In this episode we cover:

• The Importance of Understanding the Market.
• Banking for Startups and Entrepreneurs.
• The Collapse of SVB
• Lessons Learned from the SVB Crisis.
• Advice for Founders on How to Navigate a Startup Death Spiral.

Guest Links:

• Twitter
• LinkedIn
• Mercury

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!

Dan Kimerling of Deciens Capital joins Nick to discuss Defying the VC Orthodox, Re-inventing Financial Services, Picking Righteousness Over Returns, and Why VCs Should be More Like Rick Rubin and Less Like Don Wilson. In this episode we cover:

• How to Diversify Risk
• How to Support a Fee Structure That is Different
• The Rise of Free and Open Source Software.
• What Communities Are Most Underserved by FinTech.
• The Role That FinTech Plays in Decarbonizing Finance.
• The Art of Creating the Future.

Guest Links:

• Twitter
• LinkedIn
• Deciens Capital

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!

Jason Wilk of Dave joins Nate to discuss Scaling Dave to IPO, How to Recruit a Word Class Team, And Predictions for the Future of FinTech. In this episode we cover:

• Navigating the Early Stage of Product Market Fit.
• How to Drive Down the Cost of Acquisition.
• How Did the Fundraising Process Evolve
• Where Can We See the Winners in the FinTech Market
• Challenges of Competing with Traditional Banks

Guest Links:

• Twitter
• LinkedIn
• Dave

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!

Ben Lerer of Lerer Hippeau joins Nick to discuss How to Thrive in a Down Market; Investing through the AI Hype Cycle; and Consumer Exits and Key Lessons from Warby Parker, MIRROR, Casper, Allbirds, and Oscar. In this episode we cover:

• Opportunities In the New York Tech Scene
• The Challenges Of Building a DTC Company
• How To Assess Purchase Frequency When the Market Is Low
• Avoiding Startups Building With Generative AI
• Where Is the Alpha In the Solar Space
• What Makes For an Amazing CEO
• Do Founders Have a Unique Superpower

Guest Links:

• Twitter
• LinkedIn
• Lerer Hippeau

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!

David Tao of BarBend joins Nate to discuss Scaling to Exit Without Venture Capital, Why VCs Might be Incentivizing the Wrong Type of Company Building, and How GenAI Will Shape the Future of Media Businesses. In this episode, we cover:

• The Importance of Diversifying Your Revenue Streams.
• Hiring and Raising Capital for Founders.
• The Right Time to Sell the Company.
• Niche is Almost Always Bigger Than We Think.
• Timeline for Monetizing Content.
• Is Generative AI Overhyped or Underhyped.

Guest Links:

• Twitter
• LinkedIn
• BarBend

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!

Lior Susan of Eclipse Ventures joins Nate to discuss The $40T Opportunity Investing in Physical Industries, The Framework for Investing in Hardware, and Lessons Learned from Industry Legend, Pierre Lamond. In this episode we cover:

• Misperceptions in Fintech

•  

  Changing Barriers in Hardware

   

• How to Find and Back the Best Founders

   

• Macro Environment and Investing in 2023

Guest Links:

• Twitter
• LinkedIn
• Eclipse Ventures

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!

Samir Kaul of Khosla Ventures joins Nick to discuss Cutting the 1st and Largest Check into OpenAI; Assessing Generative AI Moats, Monopolies, and Market Opportunities; and Why Now is the Right Time for ClimateTech. In this episode we cover:

• Taking Large Technical Risk Than Large Market Risk
• Assessing Generative AI Moats
• Investing in CleanTech
• Investment Lessons & Best Practices During a Technology Revolution

Guest Links:

• Twitter
• LinkedIn
• Khosla Ventures

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!

Brian Barnes of M1 Finance joins Nick to discuss Building the Finance Super App, Modernizing Risk Underwriting, Revolutionizing Wealth Management, and Rocketing from Seed to Unicorn in 5 Years. In this episode we cover:

• Building a Finance Super App
• Achieving Product Market Fit in Fintech
• Modernizing Risk Management
• Going Through Rapid Hiring and Finding Talents
• Raising Capital During Economic Downturn
• AI and Generative AI Impact on Fintech

Guest Links:

• LinkedIn
• Twitter
• M1 Finance

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

To learn more about New Stack Ventures by visiting our Website and LinkedIn and be sure to follow us on Twitter.

Want to keep up to date with The Full Ratchet? Subscribe to our podcast and follow us on 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!

Ajay Agarwal of Bain Capital Ventures joins Nick to discuss The $1T+ Opportunity Investing in the Physical World, Why Automation is Just Getting Started, and Raising a $1.9B Despite Macroeconomic Headwinds. In this episode we cover:

• Boston, Palo Alto, Austin, Pittsburgh, What Makes Certain Cities Great Startup Ecosystems
• Deploying $1.9B of New Funds
• Robotics, AI & Automation, How Technology Impacts The Physical World
• Why has the US Fallen Further Behind in Regards to Automation
• The Impact of the Lack of Capital Flowing into Robotics & Automation

Guest Links:

• LinkedIn
• Twitter
• Bain Capital

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!

Rob Biederman of Asymmetric joins Nate to discuss The Surprising Challenge of Launching a Venture Fund, Analyzing AI Horizontally Versus Vertically, and Why Most Companies Are Overstaffed. In this episode, we cover:

• The difference between a Founder VC and a Non-Founder VC
• What are the areas that are getting the team excited
• Vertical vs Horizontal Solutions
• Building in Use Cases that expand Customer Value with Minimal Cost
• How to Evaluate Horizontal Business Software Companies
• Overstaffing and Underinvestment

Guest Links:

• LinkedIn
• Twitter
• Asymmetric

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Tony Conrad of True Ventures joins Nick to discuss Avoiding Attribution, The 50.1% Rule of Life, How to Invest in Red Oceans, and Why Investor Inaction is Often Best. In this episode, we cover:

• The importance of building camaraderie
• What does it take to get 20% Ownership in a Company
• How to Invest in Red Oceans
• Investing in Hardware
• Selling Hardware vs. Software
• Impact of Consumer Trends on Tech Startups
• Is AI a threat to humans and what is the role of AI in the market

Guest Links:

• LinkedIn
• Twitter
• True Ventures

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

David Pakman of Coinfund joins Nate to discuss Why Now is the Best Time to be Investing in Crypto and Web3, What's Next in NFTs, and The Future of Crypto Regulation. In this episode, we cover:

• The difference between Crypto-native and Crypto-dabble firms.
• Catalysts driving adoption of Bitcoin & Crypto Currency.
• Consumer use case for Crypto Currencies?
• What's Next in NFTs
• Advice for web3 founders.
• Why we don’t want five companies to control the future.

Guest Links:

• LinkedIn
• Twitter
• CoinFund

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Kyle Harrison and Eric Tarczynski of Contrary Capital join Nate to discuss Finding Product Market Fit As a Venture Firm, How to Identify World-Class Founders Before Anyone Else, And Debating Whether or Not Venture Has Hit The Bottom. In this episode, we cover:

• The thesis and investment approach at Contrary.
• Content and content marketing?
• Ideating and scaling the MVP?
• How much time are investors spending on other areas?
• How do you differentiate your company?

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Rodrigo Liang of SambaNova Systems joins Nate to discuss The Future of Generative AI, Innovating at the Hardware Layer, and the Path to Artificial General Intelligence. In this episode we cover:

• The Rise of Neural Nets and Demand for Computing Power
• Transition models vs. legacy models.
• E-Chat GPT Introduction was Game Changing.
• Predictions For The Future of Generative AI
• AI's role in the digital age.
• Are there any professions that are at risk?

Guest Links:

• LinkedIn
• Twitter
• SambaNova Systems

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

To learn more about New Stack Ventures by visiting our Website and LinkedIn and be sure to follow us on Twitter.

Want to keep up to date with The Full Ratchet? Subscribe to our podcast and follow us on 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!

Wes Chan and Pegah Ebrahimi of FPV Ventures join Nick to discuss Building with a 100-Year Vision, Getting to Conviction in Canva, the Mission-Driven Mindset, and Lessons from the Legend, Bill Campbell. In this episode we cover:

• The long-term effects of the tech banking crisis
• Advice to portfolio founders
• What Generative AI Means for Google and Search
• How to find mission-driven founders
• The operating model for helping with founders
• How to build trust with founders
• Advice from Bill Campbell
• Advice for portfolio founders on sourcing talent

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

To learn more about New Stack Ventures by visiting our Website and LinkedIn and be sure to follow us on Twitter.

Want to keep up to date with The Full Ratchet? Subscribe to our podcast and follow us on 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 Konrad of Forbes joins Nick to discuss The Fallout of First Republic and SVB and its Implications on Tech, The Algorithm Behind the Midas List, and Will AI Actually Replace Journalists? . In this episode we cover:

• What led to the demise of First Republic Bank
• Venture Capital’s response to the Crisis
• How will the acquisition of First Republic Bank impact investors and venture capitalists
• How the Midas list is made
• Differences between the regular Midas list and the Seed list
• What are the useful use cases for Crypto
• Is AI coming for people’s jobs

Guest Links:

• Twitter
• LinkedIn
• Email

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

David Tisch of Box Group joins Nick to discuss Why Optimizing for Ownership is a Trap, The Future of Seed Investing, and The Opportunity in Consumer Social. In this episode we cover:

Rex Woodbury of Index joins Nate to discuss The Opportunity in Gen Z, Deciphering Signal From the Noise in Generative AI, and The Future of Work. In this episode we cover:

Entrepreneurship vs. Work ethic.
The power of questioning social constructs.
Other trends to be excited about in tech.
Connecting to people on the internet is similar to advertising.
Comparing cloud vs. Generative AI
Habits tactics and techniques for writing.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

To learn more about New Stack Ventures by visiting our Website and LinkedIn and be sure to follow us on Twitter.

Want to keep up to date with The Full Ratchet? Subscribe to our podcast and follow us on 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!

Deena Shakir of Lux Capital joins Nick to discuss The Lux Capital Playbook, Deeptech and The Application Layer, and What the Future Holds for Digital Health. In this episode we cover:

• Investments in the fertility space.
• How do you think about the future of healthcare?
• Investing in healthcare companies.
• Innovation in healthcare.

Guest Links:

• LinkedIn
• Twitter
• Lux Capital

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

To learn more about New Stack Ventures by visiting our Website and LinkedIn and be sure to follow us on Twitter.

Want to keep up to date with The Full Ratchet? Subscribe to our podcast and follow us on 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

Jim Andelman of Bonfire Ventures joins Nick to discuss 85% Graduation from Seed to Series A, SaaS Metric Mastery, The Right Time to Stop Founder-Led Sales, and Advice for Emerging Managers. In this episode we cover:

• The entry point for a seed investor.
• The importance of being overweight on the first round.
• How do you respond to a correction in valuation?
• Knowing when to relax constraints in venture.
• How much does it cost to build a sales team?
• The right time to transition from founder-led sales to sales leader.
• Evaluating the margin profile of a business.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

To learn more about New Stack Ventures by visiting our Website and LinkedIn and be sure to follow us on Twitter.

Want to keep up to date with The Full Ratchet? Subscribe to our podcast and follow us on 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!

Catharine Dockery of Vice Ventures joins Nick to discuss Betting on "Bad" Industries, the opportunity in Alcohol, Nicotine, SexTech and other vices, and Why Early Stage Investors Should Avoid Consumer Investing. In this episode we cover:

• Raising money for venture capital.
• Investment opportunities in psychedelics.
• What are the signals to look for in a consumer company?

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

To learn more about New Stack Ventures by visiting our Website and LinkedIn and be sure to follow us on Twitter.

Want to keep up to date with The Full Ratchet? Subscribe to our podcast and follow us on 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 Pruden of Aleo joins Nate to discuss From Special Forces to Leading Aleo, The Bull Case for Crypto and Web 3, and The Future of the Internet. In this episode we cover:

• Leading a tech startup.
• How to cultivate a stronger sense of leadership.
• What is Aleo and what does it do?
• What are the initial use cases for Ai?
• The power of proof of humanity.
• The scalability of zero-knowledge proofs.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

To learn more about New Stack Ventures by visiting our Website and LinkedIn and be sure to follow us on Twitter.

Want to keep up to date with The Full Ratchet? Subscribe to our podcast and follow us on 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!

Rick Zullo of Equal Ventures joins Nick to discuss Architecting a Thesis-Driven Philosophy, Why There's Riches in Niches, How Founder-Market Fit is Changing, and Building the Largest Community of Emerging Managers. In this episode we cover:

• How many different specialties can a founder have?
• How do they take concepts and opportunities?
• The importance of having a thesis driven team
• The process of evaluating an investment
• How to get conviction on ideas
• Being earnestly honest about your business model
• The four stages of building a business
• The importance of finding a niche and expanding it

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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.

You can follow us on LinkedIn and Twitter! Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Laura Spiekerman of Alloy joins Nate to discuss What Does the Future of Fintech Hold? Insights on Growth, Fraud, and Community Banking. In this episode we cover:

• Alloy's mission and the role it plays in fintech
• The importance of community banks in fintech design and development
• Challenges of scaling a go-to-market business in fintech 
• Laura's insights on the future of fintech, including concerns about fraud and blockchain technology
• The impact of fed now on fraud prevention in fintech

Shardul Shah of Index Ventures joins Nick to discuss Assessing an entrepreneur’s imagination. What are the metrics and characteristics that demonstrate product market fit for Early-stage investing? (Shardul Shah). In this episode we cover:

• Outsourcing security risk and the need to outsource risk.

• The Importance of Imaginative Entrepreneurs

• How do you think about the trade-offs of a services business?

• Metrics and characteristics that demonstrate product market fit.

• The evaluation criteria Shardul uses in evaluating companies.

Missed a recent episode? Go to The Full Ratchet blog and catch up!

Kristi Ross of tastytrade joins Nick to discuss Bootstrapping to a Billion Dollar Exit, The History of Options Trading, Competing Against Robinhood, and How to Build a Brokerage Content Machine. In this episode we cover:

• Bootstrapping to a Billion
• Chicago Trading in the 90s
• ThinkorSwim, TCV, and Trading to Tastytrade
• Robinhood's Capital Intensive Strategy 
• Using Media and Content to Build a Brokerage Powerhouse

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Henrik Werdelin of BARK joins Nate to discuss What Consumer Founders Often Get Wrong, How to Build a Culture that Breeds Creativity, and Scaling Bark to IPO. In this episode we cover:

• The Founding of Bark
• Tips for Consumer Founders
• Breeding a Creative Culture
• The Path to IPO

Missed a recent episode? Go to The Full Ratchet blog and catch up!

Jenny Lefcourt, General Partner at Freestyle Capital joins Nick to discuss Founder to Forbes Midas List, Behind the Scenes of an Intro Call, Why B2B2C is Best and Avoiding the Leaky Funnel Trap. In this episode we cover:

• Making the Switch from Angel to VC
• Tips For Founders Pitching Jenny and Freestyle
• How to Reach Conviction without Consensus
• Burn and Learn Investing
• B2B2C and Avoiding the Leaky Funnel
• And More!

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Jai Das of Sapphire Ventures joins Nick to discuss The FTX Fallout, What's Next for Crypto and Web 3.0, and Lessons From Backing 13 IPOs. In this episode we cover:

• Playing Defense and Offense in a Downturn
• Predictions for Crypto and Web 3.0
• Indicators of a Future IPO
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Ravi Viswanathan of NVC joins Nick to discuss Orchestrating a $1B+ Secondaries Purchase from NEA, tradeoffs of Burn, Growth, and Valuation, and Winning Against Multistage Firms. In this episode we cover:

• The Birth of New View Capital
• Multistage Firms and web 3
• Damage Control for 2023
• How to know if a company is the next rocket ship
• Super Apps Ethics
• And More!

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Eric Liaw of IVP joins Nick to discuss Valuation Inflation, the IPO Pause and What that Means for M&A, If Twitter is in Better Hands, and How to Construct a Successful Board. In this episode we cover:

• Parsing Out the IPO Process
• Thoughts on Twitter's Acquisition
• Market Predictions
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Brad Feld of Foundry Group and Techstars joins Nate to discuss Stories, Advice, and Leveraging 35 Years of Startup Board Experience. In this episode we cover:

• How to Build and Leverage a Board from the Beginning
• Advice for Board Members
• Avoiding the Most-Common Mistakes
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Chris Sugden of Edison Partners joins Nate to discuss The 20 Year Evolution of Venture Capital, Growing a Firm with Zero Investments in Silicon Valley, and the Multi-Stage Fund Reckoning. In this episode we cover:

• Investing Outside Silicon Valley and Silicon Alley
• Comparing Boom and Bust Cycles
• How to Decide Between Growth Equity and Venture Capital
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Allan Jean-Baptiste and Marco DeMeireles of Ansa Capital join Nate to discuss Lessons for Raising an Inaugural Fund, How to Construct a Thesis, and The Shortcomings of the Traditional VC Model. In this episode we cover:

• Tips for Emerging Managers
• Building Conviction with LPs and Founders from Scratch
• Growing Momentum in Fundraising Cycles
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up!

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. You can follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Ali Hamed of CoVenture and Crossbeam Venture Partners joins Nick to discuss The VC Networking Playbook, Credit and Pricing Risk in New Asset Classes, and How VC Market Hype Should Impact Stage Focus and Net Buy/Sell Positions. In this episode we cover:

• Building an LP Network from Scratch
• Platform Economies and Their Future
• A Multi-Disciplinary Approach to Investing
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Learn more about New Stack Ventures by visiting our Website. Also, follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Doug Pepper of ICONIQ Growth joins Nate to discuss The Current State of Venture, SaaS Growth Versus Efficiency, and Predictions for a Market Correction. In this episode we cover:

• Growing ICONIQ Growth
• Advice in a Post-Pandemic Economy
• Following the Rule of 60 for Success
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Learn more about New Stack Ventures by visiting our Website. Also, follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Aaron Holiday of 645 Ventures joins Nate to discuss The Second Wave of SaaS, Using Software to Scale a Venture Firm, and Predictions for the Future of Venture Capital. In this episode we cover:

• Creating an OS for VC
• Statistical Predictors of Success in Founders
• Early-Stage Investing: Art or Science?
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Learn more about New Stack Ventures by visiting our Website. Also, follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Brad Burnham of Union Square Ventures joins Nick to discuss Founding Union Square Ventures, Driving Persistent, Top Decile Returns, How Top Founders Have Changed, and the Outlook for Web 3.0 and Data Control. In this episode we cover:

• Founder Focus Shifting from Management to Leadership
• How Venture has Changed Over the Decades
• Why Web3 is Here to Stay
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Learn more about New Stack Ventures by visiting our Website. Also, follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Guru Chahal of Lightspeed Venture Partners joins Nate to discuss How to Maximize Investor Value for Founders, the Future of Cloud Infrastructure, and the Bull Case for Cybersecurity. In this episode we cover:

• How Cloud Infrastructure Impacted Innovation
• Breaking the Constraints of Success
• Why You Should Execute Quickly as a Founder but Slowly as an Investor
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Learn more about New Stack Ventures by visiting our Website. Also, follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Brian O'Malley of Forerunner Ventures joins Nick to discuss Future Strategies for Digital Customer Acquisition, Why to Stay Small While You Scale, and S&M Strategies at Different Customer ACV Tiers. In this episode we cover:

• Common Marketplace Mistakes and Overblown Trends
• Capitalizing on Consumer Interest in Local and Sustainable Products
• Marketplace Liquidity and Cohort Analysis
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Learn more about New Stack Ventures by visiting our Website. Also, follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Samara Mejia Hernandez of Chingona Ventures joins Nick to discuss Lessons from the Largest Latina Solo GP, Being Impactful Without Being an Impact Fund, and How to Use Sales Tactics for Success in VC. In this episode we cover:

• How Authenticity Benefits the Bottom Dollar
• Tips on Raising a Fund While Facing Adversity
• Maintaining Mental Health in VC
• And more!

Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Learn more about New Stack Ventures by visiting our Website. Also, follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.

Mark Ghermezian of m]x[v Capital joins Nate to discuss Lessons from Scaling Braze to IPO, the Importance of the Underdog Mindset, and the Future of SaaS. In this episode we cover:

• How the iPhone Led to the Inception of Braze
• The Impact of Remote Work on Innovation
• Becoming a Unicorn by Building for Tomorrow
• Advice for Founders from a Unicorn Founder turned VC

Missed a recent episode? Go to The Full Ratchet blog and catch up! Also, follow us on LinkedIn and Twitter.

The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

Learn more about New Stack Ventures by visiting our Website. Also, follow us on LinkedIn and Twitter!

Founders, are you frustrated by trying to find the ideal VC's for your stage, sector, and geography? Answer five questions with VC Rank and generate your customized list now.