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

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

  • David Garcia
  • Bradley Tusk
  • Ted Seides

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

The host of The Full Ratchet is Nick Moran 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.

Direct download: Investor_Stories_412-_Best_LP_Question_Garcia_Tusk_Seides.mp3
Category:Investor Stories -- posted at: 4:00am EDT

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

  • Jay Patil
  • Mathias Schilling
  • Godard Abel

We asked guests to tell the most important lesson they've learned in their career.

The host of The Full Ratchet is Nick Moran 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.

Direct download: Investor_Stories_411-_Lessons_Learned_Patil_Schilling_Abel.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Nnamdi Okike of 645 Ventures joins Nick to discuss From Power Law to Proprietary Insight: Unlocking Early-Stage Alpha, Data-Driven VC, and Building a Next-Gen Firm. In this episode we cover:

  • Frameworks and Signals for Early-Stage Investing
  • Challenges and Opportunities in Non-Consensus Investing
  • The Role of AI in Venture Capital

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Nnamdi_Okike_Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Kevin Stevens
  • Manish Patel
  • Han Shen

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

The host of The Full Ratchet is Nick Moran 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

Direct download: Investor_Stories_410-_Why_I_Passed_Stevens_Patel_Shen.mp3
Category:Investor Stories -- posted at: 4:00am EDT

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

  • Jon Terbell and Ted Clark
  • Mathias Schilling
  • Godard Abel

We asked guests for the most important piece of advice that they'd share with folks early in their venture career.

The host of The Full Ratchet is Nick Moran 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.


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

  • Ted Seides
  • Rusty Ralston
  • Kevin Stevens

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

The host of The Full Ratchet is Nick Moran 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.


D.A. Wallach of Time BioVentures joins Nick to discuss From Touring with Lady Gaga, Blink‑182, and Pharrell Williams to investing in Spotify, SpaceX, and Ripple… How an Artist Went from Tastemaker to Transformative Healthcare VC. In this episode we cover:

  • Transition from Music to Tech Investing
  • Investing in Tech and Healthcare
  • Lessons from the Music Industry
  • Healthcare System and Policy
  • Value-Based Care and Functional Medicine
  • Creative and Tech Talent

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Laura Chau
  • Jon Terbell and Ted Clark
  • Mathias Schilling

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

The host of The Full Ratchet is Nick Moran 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.


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

  • David Garcia
  • Bradley Tusk
  • Ted Seides

We asked guests to tell the most important lesson they've learned in their career.

The host of The Full Ratchet is Nick Moran 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.

Direct download: Investor_Stories_406-_Lessons_Learned_Garcia_Tusk_Seides.mp3
Category:Investor Stories -- posted at: 4:00am EDT

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

  • Jon Terbell and Ted Clark
  • Jay Patil
  • Mathias Schilling

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

The host of The Full Ratchet is Nick Moran 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.


Jeff Bussgang of Flybridge Capital joins Nick to discuss Calculating the Market Size for AI, Building an "Experimentation Machine," the Bull Case for Non-Technical Founders, and the Key to PMF in the AI Age. In this episode we cover:

  • Exits and Liquidity in Venture Capital
  • The Experimentation Machine and AI Opportunity
  • Evaluating AI Businesses and Founders
  • Challenges and Opportunities in AI Investing
  • Entrepreneurship Education and Startup Ecosystems
  • Product-Market Fit and Customer Discovery
  • Future of AI and Venture Capital

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Jeff_Bussgang_Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Godard Abel
  • Manish Patel
  • Han Shen

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

The host of The Full Ratchet is Nick Moran 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 Twitte

Direct download: Investor_Stories_404-_Disruptive_Forces_Abel_Patel_Shen.mp3
Category:Investor Stories -- posted at: 4:00am EDT

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

  • Laura Chau
  • Mike Whitmire
  • David Garcia

We asked guests for the most important piece of advice that they'd share with folks early in their venture career.

The host of The Full Ratchet is Nick Moran 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.

Direct download: Investor_Stories_403-_Key_Advice_Chau_Whitmire_Garcia.mp3
Category:Investor Stories -- posted at: 4:00am EDT

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

  • Oren Yunger
  • Bradley Tusk
  • Jon Terbell and Ted Clark

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

The host of The Full Ratchet is Nick Moran 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.


Medha Agarwal of Defy joins Nick to discuss AI Revenue-Model Transformation, Building an AI Moat, and The Arrival of Agents. In this episode we cover:

  • Revenue Models and Business Models in AI-Driven Vertical Software
  • Challenges and Opportunities in Vertical Software
  • Defensibility and Market Differentiation
  • Founder-Investor Relationships and Early Decision-Making
  • Sourcing Top-Tier Talent and Seed Investing Trends
  • Future of Work and AI's Impact

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Medha_Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Jill Chase
  • Eric Boduch
  • Mike Whitmire

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

The host of The Full Ratchet is Nick Moran 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.

Direct download: Investor_Stories_401-_Best_LP_Question_Chase_Boduch_Whitmire.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Casber Wang of Sapphire Ventures joins Nick to discuss How AI Reshapes Distribution Models, What Startups Get Wrong About Product-Led Growth, and the Real Use Case for Agents. In this episode we cover:

  • AI's Impact on Business Models and Capital Efficiency
  • Defensibility and Product Market Fit
  • AI Fatigue and Market Conditions
  • Fundraising and Investor Expectations
  • Cybersecurity and Competitive Intensity
  • AI Agents and Enterprise Value
  • Glean's Success in Enterprise Search
  • Market Conditions and Investment Strategy

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Casber_Wang_Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Oren Yunger
  • Laura Chau
  • Jon Terbell and Ted Clark

We asked guests to tell the most important lesson they've learned in their career.

The host of The Full Ratchet is Nick Moran 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.


Paul Madera of Meritech Capital joins Nick to discuss Co-Founding Meritech, Betting Early on Facebook and Salesforce, Avoiding Shiny Objects, and Thinking Like a Public Market Investor. In this episode we cover:

  • Challenges in Late-Stage Venture Capital
  • Revenue Momentum and Investment Decisions
  • Public vs. Private Markets and AI Investments
  • Defense Tech and AI's Role in Workflow Software
  • AI's Adoption Curve and Market Competition
  • Investment Strategies and Future Outlook

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Paul_Madera_final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Mike Whitmire
  • David Garcia
  • Bradley Tusk

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

The host of The Full Ratchet is Nick Moran 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.

Direct download: Investor_Stories_399-_Why_I_Passed_Whitmire_Garcia_Tusk.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Mike Maples of Floodgate joins Nick to discuss The OG Seed Investor, Mike Maples Jr., on Spotting Inflection Points, Living in the Future, and Why the Best Form of Competition Is No Competition. In this episode we cover:

  • The Evolution of Seed Investing
  • Identifying Exceptional Founders
  • The Role of Inflections in Startups
  • The Impact of AI on Startups
  • Sea Changes and Business Model Migrations
  • The Importance of Specificity and Narrative Design
  • The Role of Pattern Recognition in Venture Capital

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Mike_Maples_Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Rusty Ralston and Jay Patil
  • Mathias Schilling
  • Kevin Stevens

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

The host of The Full Ratchet is Nick Moran 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.


Chris Rizik of Renaissance Venture Capital joins Nick to discuss Inside the LP Playbook with Venture Vanguard, Chris Rizik: What Metrics Actually Matter, How to Fix Venture’s Liquidity Crisis, and Why Co-Invests Are a Trap. In this episode we cover:

  • Connectivity and Customer Engagement
  • Undemo Day and Its Unique Features
  • Venture Capital Liquidity Crisis and Exit Problems
  • Co-Investment Rights and Their Challenges
  • Capital Constraints and Pro Rata Rights
  • Valuation and Exit Strategies
  • Capital Efficient Startups and Exit Paths
  • Pharma and Biotech Investments
  • Company Creation and Emerging Models
  • AI and Venture Strategy
  • Midwest Venture Ecosystem and Future Potential

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Chris_Rizik_Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Gregory Ho
  • Oren Yunger
  • Bradley Tusk

We asked guests for the most important piece of advice that they'd share with folks early in their venture career.

The host of The Full Ratchet is Nick Moran 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.

Direct download: Investor_Stories_397-_Key_Advice_Ho_Yunger_Tusk.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Somesh Dash of IVP joins Nick to discuss Classical vs. Jazz Leadership, IPO Readiness & Key Metrics for a Successful Offering, Requirements for David to Beat Goliath, and Why Altman and Other Leaders are Pivoting to Open Source. In this episode we cover:

  • AI’s Role in Venture Investing
  • AI Open Source & Model Layer
  • AI in Healthcare, Education & Social Impact
  • Globalization of Tech, Broader Trends & Perspectives
  • Founder Traits & Evaluation
  • Market Dynamics & Cycles
  • Future of Tech & AI-Native Generation

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Somesh_Dash_-_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Laura Chau
  • Mike Whitmire
  • David Garcia

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

The host of The Full Ratchet is Nick Moran 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.

Direct download: Investor_Stories_396-_Visionary_Founders_Chau_Whitmire_Garcia.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Aaref Hilaly of Bain Capital Ventures joins Nick to discuss The Biggest Misconceptions About AI Agents, Why Defensibility Doesn’t Matter at Seed, and Whether the AI Center of Gravity Is Shifting to China. In this episode we cover:

  • AI Investment Strategy and Market Utility
  • Impact of AI on Jobs and Early Instances of Reasoning
  • Open vs. Closed Source Models and Data Control
  • Scenario Planning and Unique Insights of Backed Companies
  • Infrastructure and Application Investment Focus
  • Future of Vertical Solutions and Infrastructure Investment

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Aaref_Hilaly_-_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Phin Upham
  • Gregory Ho
  • Oren Yunger

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

The host of The Full Ratchet is Nick Moran 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.

Direct download: Investor_Stories_395-_Best_LP_Question_Upham_Ho_Yunger.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Ryan Delk of Primer joins Nick to discuss Fixing Education with a Startup Mentality: The Innovative Micro Schools-Model Backed by Founders Fund, Khosla, and Sam Altman. In this episode we cover:

  • Challenges in the American Education System
  • Comparative Analysis of American Education
  • Measuring Success in Education
  • Broken Incentive Structures in Education
  • Primer's Educational Model
  • Teacher Selection and Empowerment
  • Future of Education and Policy Changes

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Ryan_Delk_Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Jill Chase
  • Eric Boduch
  • Mike Whitmire

We asked guests to tell the most important lesson they've learned in their career.

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

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

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

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

Direct download: Investor_Stories_394-_Lessons_Learned_Chase_Boduch_Whitmire.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Vince Hsieh of Cypress Growth Capital joins Nick to discuss Non-Dilutive Capital That’s More Flexible Than Debt, Why Ruthless Prioritization Leads to Scale, and the One Ingredient That Makes a Company Investable at Any Stage. In this episode we cover:

  • Economic Benefits and Equity Components
  • Loss Ratio and Investment Criteria
  • Ruthless Prioritization and Team Building
  • Impact of AI and Hardware-Enabled Software
  • Advantages of Investing Outside Coastal Tech Hubs
  • Common Fundraising Mistakes and Prioritization

Guest Links:

The host of The Full Ratchet is Nick Moran 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.

Direct download: Vincent_Shieh_Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Gregory Ho
  • Oren Yunger
  • Laura Chau

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

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

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

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

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

Direct download: Investor_Stories_393-_Why_I_Passed_Ho_Yunger_Chau.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Kyle York of York IE joins Nick to discuss The VC Myth, AI Hype, Mastering GTM, and The Smart Approach to Capital Strategy and Achieving Startup Success. In this episode we cover:

  • Rolling Syndicate and Market Challenges
  • Operational Support and Early-Stage Investing
  • Sustainable Growth and AI Opportunities
  • Vertical Software and Market Consolidation
  • Founder-VC Relationships and Due Diligence
  • Successful Founder Traits and Market Trends
  • Venture Trends and Future Perspectives
  • Master Class for Early-Stage Founders

Guest Links:

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

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

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

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

Direct download: Kyle_York_Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • David Garcia
  • Bradley Tusk
  • Ted Seides

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

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

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

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

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

Direct download: Investor_Stories_392-_Disruptive_Forces_Garcia_Tusk_Seides.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Alexander Niehenke of Scale Venture Partners joins Nick to discuss The Future of AI is Vertical, Why Vertical TAMs are Getting Exponentially Larger, and Lessons from the Sector Giants that Lead to Dominance. In this episode we cover:

  • Historical Reasons for Horizontal SaaS Success
  • Shift Towards Vertical SaaS Solutions
  • Unfair Advantages of Vertical AI Solutions
  • Lessons for Modern Founders
  • Expansion Strategies for Vertical Startups
  • Talent Dilution and Competitive Moats
  • VC Diligence and Founder Evaluation
  • Regulatory Risk and Investment Decisions
  • Motivation and Future of Venture Capital

Guest Links:

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

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

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

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

Direct download: Alexander_Niehenke_Full_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Phin Upham
  • Sandeep Patil
  • Jill Chase

We asked guests for the most important piece of advice that they'd share with folks early in their venture career.

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

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

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

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

Direct download: Investor_Stories_391-_Key_Advice_Upham_Patil_Chase.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Joseph Ruscio of Heavybit joins Nick to discuss DeepSeek’s Impact on Other LLMs, AI’s Effect on Software Engineering, Nvidia’s Future, and the Next Wave of Developer-First Companies. In this episode we cover:

  • Impact of AI on Venture Capital and Developer Tools
  • Challenges and Opportunities in Scaling Developer-First Companies
  • Utilizing GitHub and Other Tools for Market Insights
  • Recommendations for Founders and Investors

Guest Links:

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

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

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

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

Direct download: Joseph_Ruscio_-_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Heidi Roizen
  • Eric Boduch
  • Gregory Ho

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

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

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

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

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

Direct download: Investor_Stories_390-_Visionary_Founders_Roizen_Boduch_Ho.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Shashank Saxena of Sierra Ventures joins Nick to discuss How AI Transforms Services into Software and Revolutionizes Enterprise SaaS. In this episode we cover:

  • Vendor Management System Vinley
  • The Future of Work and AI
  • The Role of AI in Enterprise Adoption
  • Regulation and AI Adoption
  • Characteristics of Successful Founders

Guest Links:

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

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

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

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

Direct download: Shashank_Saxena_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Alexa von Tobel
  • Adam Felesky
  • Sandeep Patil

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

The host of The Full Ratchet is Nick Moran 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 Schroepfer of Gigascale Capital joins Nick to discuss The Former CTO of Meta on DeepSeek, Lessons from Zuckerberg, The Next $10T Market Opportunity, and the Impact of DeepTech on Energy Costs and Climate Change. In this episode we cover:

  • Challenges and Innovations at Facebook
  • Lessons from Working with Mark Zuckerberg
  • Gigascale Capital's Investment Thesis
  • Deep Tech Investments and Market Opportunities
  • Regulation and Its Role in Climate and Energy
  • Future of Energy and Climate Tech
  • Inspiring Founders and Innovations

Guest Links:

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

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

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

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

Direct download: Mike_Schroepfer_-_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Heidi Roizen
  • Phin Upham
  • Gregory Ho

We asked guests to tell the most important lesson they've learned in their career.

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

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

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

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

Direct download: Investor_Stories_388-_Lessons_Learned_Roizen_Upham_Ho.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Daniela Binatti of Pismo joins Nick to discuss Overcoming the Odds: Pismo's Journey to Build API-First Banking, Fixing Finance's Broken Core, and the Future of Payments. In this episode we cover:

  • Challenges in Banking and Pismo's Solution
  • Target Market and Client Base
  • Overcoming Objections and Sales Cycles
  • Innovation and Cultural Transformation
  • Trends and Opportunities in Banking
  • Geographic Challenges and Market Expansion
  • Future Opportunities and Blockchain
  • Founding and Building Pismo
  • Building in the Brazilian Ecosystem
  • Culture and Employee Support

Guest Links:

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

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

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

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

Direct download: Daniela_Binatti_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Sandeep Patil
  • Jill Chase
  • Eric Boduch

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

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

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

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

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

Direct download: Investor_Stories_387-_Why_I_Passed_Patil_Chase_Boduch.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Shamin Walsh of BAM Ventures joins Nick to discuss When Product-Market-Fit Isn’t Enough: The Hidden Forces Behind Brand Loyalty, Gravity, and Increasing Consumer Spend. In this episode we cover:

  • Investment Metrics and Market Dynamics
  • Consumer Spend Bifurcation and Market Trends
  • Consumer Tech and Signal Identification
  • Thesis-Driven vs. Founder-Driven Investing
  • Brand Market Fit and Loyalty
  • Cross-Cultural Insights and Market Adaptation
  • Making Money in Consumer Investing
  • Founder Traits and Market Conditions

Guest Links:

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

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

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

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

Direct download: Shamin_Walsh_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Oren Yunger
  • Laura Chau
  • Mike Whitmire

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

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

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

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

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

Direct download: Investor_Stories_386-_Disruptive_Forces_Yunger_Chau_Whitmire.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Barry Schuler of DFJ Growth Ventures joins Nick to discuss Lessons from Jobs, Musk, Case, and Armstrong – What It Takes to Transform Industries and Build Trillion-Dollar Companies. In this episode we cover:

  • The Similarities of the Jobs, Musk, Case and Armstrong
  • Portfolio Construction
  • Impressions from Steve Jobs
  • The Need for Great Electric Cars
  • The Decision to Invest in Coinbase
  • Investment Thesis in the Data Center Space
  • The Future of Interfaces

Guest Links:

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

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

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

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

Direct download: Barry_Schuler_-_Final_Revised.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Sami Inkinen
  • Heidi Roizen
  • Eric Boduch

We asked guests for the most important piece of advice that they'd share with folks early in their venture career.

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

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

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

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

Direct download: Investor_Stories_385-_Key_Advice_Inkinen_Roizen_Boduch.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Kevin Jiang of Mangusta Capital joins Nick to discuss Investing in xAI, Wiz, and Flexport; Masayoshi Son’s Superpower; How Elon Will Win the LLM War; and Whether AI Is an Extinction-Level Event for SaaS. In this episode we cover:

  • Choosing Early-Stage Investing Over Growth Investing
  • Masayoshi and SoftBank's Investment Decisions
  • X AI and Elon Musk's Vision for AI
  • Vertical AI and Industry-Specific Solutions
  • Scalability and Expansion in Vertical AI
  • Challenges and Opportunities in AI Adoption

Guest Links:

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

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

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

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

Direct download: Kevin_Jiang_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Phin Upham
  • Sandeep Patil
  • Jill Chase

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

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

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

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

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

Direct download: Investor_Stories_384-_Visionary_Founders_Upham_Patil_Chase.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Craig Shapiro of Collaborative Fund joins Nick to discuss The Villain Test, Lessons from an OG at Sequoia, Spotting Superstars at Seed, Mastering Follow-on, and the Future of Consumer Tech. In this episode we cover:

  • Mission-Driven Founders and Impact Investing
  • Future of Consumer Products and Personalization
  • Consumer Behavior and Building Long-Term Brands
  • Data Privacy and Consumer Behavior
  • Later-Stage Investing and Identifying Breakouts
  • Hiring and Talent Development
  • The Villain Test and Consumer Decision-Making

Guest Links:

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

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

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

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

Direct download: Craig_Shapiro_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Mike Droesch
  • Sami Inkinen
  • Heidi Roizen

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

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

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

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

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

Direct download: Investor_Stories_383-_Best_LP_Question_Droesch_Inkinen_Roizen.mp3
Category:Investor Stories -- posted at: 4:00am EDT

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

  • Alexa von Tobel
  • Adam Felesky
  • Sandeep Patil

We asked guests to tell the most important lesson they've learned in their career.

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

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

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

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

Direct download: Investor_Stories_382-_Lessons_Learned_Von_Tobel_Felesky_Patil.mp3
Category:Investor Stories -- posted at: 5:17am EDT

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

  • Sami Inkinen
  • Heidi Roizen
  • Phin Upham

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

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

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

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

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

Direct download: Investor_Stories_381-_Why_I_Passed_Inkinen_Roizen_Upham.mp3
Category:Investor Stories -- posted at: 4:00am EDT

In this special replay episode 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:

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

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

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

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

Direct download: Ambar_Bhattacharyya_-_Remaster.mp3
Category:Podcast Episodes -- posted at: 4:41am EDT

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

  • Mike Droesch
  • Sandeep Patil
  • Jill Chase

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

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

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

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

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

Direct download: Investor_Stories_380-_Disruptive_Forces_Droesch_Patil_Chase.mp3
Category:Investor Stories -- posted at: 4:00am EDT

In this special replay episode 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:

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

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

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

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

Direct download: Adrian_Aoun_-_Replay.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Ambar Bhattacharyya
  • Rick Heitzmann
  • Alexa von Tobel

We asked guests for the most important piece of advice that they'd share with folks early in their venture career.

The host of The Full Ratchet is Nick Moran 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!


Han Shen of iFly.vc joins Nick to discuss Hyper-Concentration, Identifying $4B Weee! At Seed, How to Invest in Deals that Have No Competition, and How to Spot Consumer Trends Before They’re Obvious. In this episode we cover:

  • The Role of Customer Insights in Investment Decisions
  • Han Shen's Investment Strategy and Focus on U.S. Market
  • Investment Themes and Portfolio Construction
  • Investment in We and Lessons Learned from China
  • Founder Insights and Growth Potential
  • Investment Framework and Underwriting
  • Common Reasons for Company Failure
  • Recommendations and Final Thoughts

Guest Links:

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

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

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

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

Direct download: Han_Shen_-_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Adam Felesky
  • Mike Droesch
  • Sami Inkinen

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

The host of The Full Ratchet is Nick Moran 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!


Manish Patel of Nava Ventures joins Nick to discuss Lessons from Larry Page, Why Subscriptions Won’t Work in the Era of AI, How Enterprises Will Adopt AI, and the 3 Keys to Building Great Products. In this episode we cover:

  • Challenges and Lessons at Google
  • The Evolution of AI and Advertising
  • Nava Ventures' Thesis and Investment Strategy
  • Investing in AI and Enterprise Sales
  • Lessons from Scopely's Success
  • The Importance of Human Needs in Product Design

Guest Links:

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

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

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

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

Direct download: Manish_Patel_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Pejman Nozad
  • James Joaquin
  • Rick Heitzmann

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

The host of The Full Ratchet is Nick Moran 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!


Godard Abel of G2 joins Nick to discuss The Founder and CEO of G2 on AI’s Impact on Enterprise SaaS, How to Embrace the Climb, and Insights on Managing Through Crisis. In this episode we cover:

  • Founding G2 and Market Challenges
  • Metrics and Marketplace Growth
  • Investor Insights and Data Utilization
  • Founder Mode and Leadership
  • Building Strong Support Systems
  • Embracing AI and Innovation

Guest Links:

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

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

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

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

Direct download: Godard_Abel_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Ambar Bhattacharyya
  • Mike Droesch
  • Sami Inkinen

We asked guests to tell the most important lesson they've learned in their career.

The host of The Full Ratchet is Nick Moran 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!


Kevin Stevens of Energize Capital joins Nick to discuss The Energy Transformation, Challenges with Transmission and Distribution, Nuclear vs. Renewables, and Why Unreasonable Hospitality is Necessary in VC. In this episode we cover:

  • Challenges in Energy Distribution and Storage
  • The Role of Batteries and Other Energy Storage Solutions
  • Data Centers and Energy Consumption
  • Nuclear Energy and Its Role in the Energy Transition
  • Financing Challenges and Strategies for Energy and Climate Companies
  • The Importance of Intellectual Humility and Debate in Investing
  • Future of AI and Defensibility in Energy Software
  • Evaluating Revenue Quality and Key Metrics for Success

Guest Links:

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

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

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

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

Direct download: Kevin_Stevens_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Rick Heitzmann
  • Alexa Von Tobel
  • Adam Felesky

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

The host of The Full Ratchet is Nick Moran 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!


Mathias Schilling of Headline joins Nick to discuss Why Culture is King, The Role of “Founder Mode” in Building Iconic Companies, Lessons From 25 Years in the Business, and How to Make Tech a Force Multiplier Within a VC Firm. In this episode we cover:

  • Evolution of the Venture Capital Industry
  • Headline's Winning Strategy
  • Global Presence and Investment Approach
  • Navigating Market Cycles and Founder Mode
  • Capital Efficiencies and AI's Impact
  • Succession Planning and Leadership
  • Future of AI and Regulation

Guest Links:

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

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

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

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

Direct download: Mathias_Schilling_Final_Revised.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Sami Inkinen
  • Heidi Roizen
  • Phin Upham

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

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

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

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

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

Direct download: Investor_Stories_374-_Disruptive_Forces_Inkinen_Roizen_Upham.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Rusty Ralston and Jay Patil of Swell VC joins Nick to discuss Investing in "N-of-1" Companies, Focusing on Category Creators, How to Invest in AI While it’s at Peak Hype, and Using Recruiting as a Key Differentiator. In this episode we cover:

  • Assessing Category Creation and Founder Caliber
  • Sector Potential and Investment Strategy
  • Syndicate Structure and Fund Size
  • Talent Model and Sync Playbook
  • Market Conditions and Future Outlook
  • Investing in AI and Navigating Hype
  • Defensibility in AI and Future Investments

Guest Links:

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

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

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

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

Direct download: Rusty_Ralston_and_Jay_Patil_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Katelin Holloway
  • Adam Felesky
  • Mike Droesch

We asked guests for the most important piece of advice that they'd share with folks early in their venture career.

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

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

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

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

Direct download: Investor_Stories_373-_Key_Advice_Holloway_Felesky_Droesch.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Ted Seides of Capital Allocators joins Nick to discuss Lessons from Top Allocators, David Swensen’s Principles for Investment, Insights on Private Equity Deals, and What Strategies are Timeless vs. Fleeting. In this episode we cover:

  • Evolution of Private Equity and Its Role in the Economy
  • Challenges and Opportunities in the Private Equity Industry
  • Impact of David Swensen and His Philosophy
  • Key Insights on Allocation and Alignment
  • Team Structure and Decision-Making in Private Equity
  • Innovative Models and Persistence in Private Equity
  • Insights on Allocation of Time and Resources

Guest Links:

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

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

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

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

Direct download: Ted_Seides_Epsiode_Rev.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Ambar Bhattacharyya
  • Rick Heitzmann
  • Alexa von Tobel

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

The hosts of The Full Ratchet is Nick Moran 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!


Justin Izzo of Dropbox DocSend joins Nick to discuss Founder's Guide to Raising Capital: Pitch Deck Insights, Macro Trends, and the Importance of Investor Metrics. In this episode we cover:

  • Key Metrics in Pitch Deck Activity
  • Macro Economic Metrics and Their Impact on Pitch Deck Activity
  • Trends in Investor Deck Interactions and Time Spent
  • Advice for Founders on Pitch Deck Creation
  • Investor Engagement with AI-Focused Pitches
  • Founder Links Created and Their Implications
  • Impact of VC Funding Trends on Startups
  • Characteristics of Successful Founders and Regions
  • Seasonality and Strategic Timing for Fundraising
  • Advice for VCs Raising LP Capital

Guest Links:

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

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

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

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

Direct download: Justin_Izzo_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Ilya Strebulaev
  • Jake Yormak
  • Katelin Holloway

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

The hosts of The Full Ratchet is Nick Moran 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 Terbell and Ted Clark of FourBridge Partners joins Nick to discuss LP Insight on What Distinguishes the Good from Great VCs, Why VC Firms Fail, How to Mitigate Risk, and What to Look For When Metrics Mislead. In this episode we cover:

  • Challenges and Best Practices in Venture Capital
  • Performance Metrics and Leading Indicators
  • Risk Management and Portfolio Construction
  • Importance of LP-GP Relationships
  • Current Market Conditions and Future Outlook
  • Advice for Emerging VCs and Aspiring VCs

Guest Links:

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

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

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

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

Direct download: Jon_Terbell_and_Ted_Clark_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Pejman Nozad
  • James Joaquin
  • Rick Heitzmann

We asked guests to tell the most important lesson they've learned in their career.

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

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

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

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

Direct download: Investor_Stories_370-_Lessons_Learned_Nozad_Joaquin_Heitzmann.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Bradley Tusk of Tusk Ventures joins Nick to discuss From Campaigns to Code: The Intersection of Tech, Politics, and Regulation. In this episode we cover:

  • Regulatory Challenges in the Tech Industry
  • Gig Economy and Worker Classification Issues
  • AI Regulation and Professional Licensure
  • Autonomous Vehicles and Federal Regulation
  • State-Level Regulation and AI Legislation
  • Clean Energy and Climate Tech Investments
  • Healthcare and Digital Health Investments
  • Privacy and Social Media Regulation
  • Venture Capital and Regulatory Environment
  • Vote with Your Phone and Political Engagement

Guest Links:

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

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

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

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

Direct download: Bradley_Tusk_Audio_Episode.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Jake Yormak
  • Ambar Bhattacharyya
  • Katelin Holloway

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

The hosts of The Full Ratchet is Nick Moran 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 Garcia of Digitt joins Nick to discuss Building the AMEX of LATAM, Raising a $50M Debt Facility, Why Leaders Should Tend to Flowers Not Weeds, and How Creativity Can Lead to 80% Organic Consumer Acquisition. In this episode we cover:

  • Comparison to SoFi and American Express
  • Business Model and Customer Retention
  • Future Products and Market Strategy
  • Debt Financing Process and Lessons Learned
  • Customer Acquisition and Content Strategy
  • Scarcity as a Superpower and Company Culture
  • Mistakes in Team Management and Final Advice

Guest Links:

Links Mentioned in This Episode:

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

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

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

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

Direct download: _David_Garcia_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Todd Klein
  • James Joaquin
  • Adam Felesky

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

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

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

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

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

Direct download: Investor_Stories_368-_Disruptive_Forces_Klein_Joaquin_Felesky.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Mike Whitmire of FloQast joins Nick to discuss Building and Scaling in Unsexy Spaces, The Next Generation of AI-Based Accounting, Backchanneling your Investors, and If the AI Hype Cycle is Bad for Venture. In this episode we cover:

  • FloQast's Product and Market Positioning
  • Organizational North Star and Customer Persona
  • Attracting Talent and Fundraising Struggles
  • AI Integration and Future of Accounting
  • Impact of AI on Venture Funding

Guest Links:

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

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

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

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

Direct download: Mike_Whitmire_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Rob Rueckert
  • Alan Patricof
  • Ilya Strebulaev

We asked guests for the most important piece of advice that they'd share with folks early in their venture career.

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

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

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

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

Direct download: Investor_Stories_367-_Key_Advice_Rueckert_Patricof_Strebulaev.mp3
Category:Investor Stories -- posted at: 4:00am EDT

Laura Chau of Canaan joins Nick to discuss Consumer Headwinds, Whether AI Revenue Catch up with Infra Spend, and Are Creative “Takeunders” the Solution to Lina Khan’s FTC Agenda. In this episode we cover:

  • Consumer Investing and Churn
  • Customer Acquisition and Data Challenges
  • AI Investment Framework and Opportunities
  • AI Infrastructure and Revenue Gap
  • Google's Agreement with Character.ai
  • Non-AI Investment Areas and Founder Preferences

Guest Links:

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

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

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

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

Direct download: Laura_Chau_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Ilya Strebulaev
  • Pejman Nozad
  • James Joaquin

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

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

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

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

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


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:

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

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

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

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

Direct download: Oren_Yunger_Final_Rev.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Tomasz Tunguz
  • Frank Rotman
  • Alan Patricof & Abby Miller Levy

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

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

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

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

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


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:

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

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

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

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

Direct download: Greg_Ho_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Ambar Bhattacharyya
  • Rick Heitzmann
  • Alexa von Tobel

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

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

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

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

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


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:

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

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

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

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

Direct download: Eric_Boduch_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Tomasz Tunguz
  • Pejman Nozad
  • James Joaquin

We asked guests for the most important piece of advice that they'd share with folks early in their venture career.

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

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

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

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

Direct download: Investor_Stories_363-_Key_Advice_Tunguz_Nozad_Joaquin.mp3
Category:Investor Stories -- posted at: 4:00am EDT

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:

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

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

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

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

Direct download: Jill_Chase_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Alan Patricof
  • Ilya Strebulaev
  • Jake Yormak

We asked guests to tell the most important lesson they've learned in their career.

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:

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

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

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

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

Direct download: Sandeep_Patil_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Larsen Jensen
  • Pejman Nozad
  • James Joaquin

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

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

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

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

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

Direct download: Investor_Stories_361_Why_I_Passed_Jensen_Nozad_Joaquin.mp3
Category:Investor Stories -- posted at: 4:00am EDT

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:

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

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

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

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

Direct download: Phin_Upham_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Tomasz Tunguz
  • Frank Rotman
  • Abby Miller Levy

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

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

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

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

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

Direct download: Investor_Stories_360_Visionary_Founders_Tunguz_Rotman_Levy.mp3
Category:Investor Stories -- posted at: 4:00am EDT

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:

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

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

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

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

Direct download: Heidi_Roizen_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Todd Klein
  • Larsen Jensen
  • Alex Edelson

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

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

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

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

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

Direct download: Investor_Stories_359_Best_LP_Question_Klein_Jensen_Edelson.mp3
Category:Investor Stories -- posted at: 4:00am EDT

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:

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

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

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

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

Direct download: Sami_Inkinen_Final.mp3
Category:Podcast Episodes -- posted at: 4:00am EDT

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

  • Abby Miller Levy
  • Ilya Strebulaev
  • Pejman Nozad

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

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

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

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

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

Direct download: Investor_Stories_358_Disruptive_Forces_Levy_Strebulaev_Nozad.mp3
Category:Investor Stories -- posted at: 4:00am EDT