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

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

Nick Moran | Angel Investor | Startup Advisor | Venture Capitalistfullratchet.net
The podcast dedicated to demystifying Venture Capital. Nick Moran and Nate Pierotti interview VC's & Startup Founders and on how they build great technology startups.

Episodes

Investor Stories 134: Post Mortems (Vrionis, Horowitz, Banister)

On this special segment of The Full Ratchet, the following Investors are featured: John Vrionis David Horowitz Cyan Banister Each investor discusses a portfolio company that did not survive and why it was that they failed. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Mar 18, 20207 min

207. Breaking Convention, Hitting The Fundraise Wall & Why Deep-tech Is Not More Capital Intensive Than Software (Ryan Gembala)

Ryan Gembala of Pathbreaker Ventures joins Nick to discuss Breaking Convention, Hitting The Fundraise Wall & Why Deep-tech Is Not More Capital Intensive Than Software. In this episode, we cover: Backstory/Path to Venture Talk about your time at Facebook and working in M&A. What's the thesis at Pathbreaker? How do you define pre-seed? Most of your dealflow inbound or outbound? Quote from the website: "We don't believe all great companies, nor all phenomenal investments, look the same early on. So...

Mar 11, 202047 min

Investor Stories 133: Strange & Unusual (Neilson, Whitney, Rooke)

On this special segment of The Full Ratchet, the following Investors are featured: Jeremy Neilson Jason Whitney Jenny Rooke Each investor describes the most unusual situation or pitch that they've encountered as an investor. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Mar 04, 20208 min

206. The Ultimate Testing Framework (Alex Osterwalder)

Alex Osterwalder of Strategyzer joins Nick to discuss The Ultimate Testing Framework. In this episode, we cover: Take me back and talk through the origin of the business model canvas? Just to refresh listeners can you provide a high-level overview of the business model canvas and how it's used? Let's chat about your new book, Testing Business Ideas, co-authored with David J. Bland... Why'd you right the book? Who is the target audience? If I'm the reader, what outcome can I achieve after reading...

Feb 26, 202051 min

Investor Stories 132: Lessons Learned (Dorsey, Clavier, Fein)

On this special segment of The Full Ratchet, the following Investors are featured: Scott Dorsey Jeff Clavier John Fein Each investor illustrates a critical lesson learned about startup investing and how it's changed their approach. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Feb 19, 20209 min

205. Unicorn vs Pegasus, The Softbank Effect, & Impacts of a Recession on VC (Jason Calacanis)

Jason Calacanis joins Nick to discuss Unicorn vs Pegasus, The Softbank Effect, & Impacts of a Recession on VC. In this episode, we cover: Last time we had you on the show was July 2017. What big things have happened over the past (almost) three years with yourself and Launch? Last time you talked a bit about the "Goldilocks zone"... sort of that post-seed, pre-A round. Is that still the stage getting most focus from you? I read an article where you suggested that SoftBank is changing the way Sil...

Feb 12, 20201 hr 10 min

Investor Stories 131: What's Next (Kupor, Cardamone, Siegler)

On this special segment of The Full Ratchet, the following Investors are featured: Scott Kupor Michael Cardamone M.G. Siegler Each investor discusses sectors, drivers and/or trends that may have a significant impact in the future and are potentially positioned for outsized-returns. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Feb 05, 202010 min

204. Embracing Failure, Capitalizing on Crisis & Building Resilience (Minnie Ingersoll)

Minnie Ingersoll of TenOneTen Ventures joins Nick to discuss Embracing Failure, Capitalizing on Crisis & Building Resilience. In this episode, we cover: Backstory/path to Venture You co-founded Shift, which you scaled to $100M. What was the most unexpected/surprising aspect of leading and scaling a venture-backed startup? Where did you spend most of your time (and mindshare) at A vs. B vs. C/D? What was it like building a venture-backed startup as a woman? Tell us a bit about the thesis at TenOn...

Jan 29, 202049 min

Investor Stories 130: Why I Passed (Kim, Reum, Senkut)

On this special segment of The Full Ratchet, the following Investors are featured: Jim Kim Courtney Reum Aydin Senkut Each investor highlights a situation where they decided not to invest, why they passed, and how it played out. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Jan 22, 202011 min

203. Raising Fund III, A Framework to De-risk Your Startup, & When to Explore vs. Exploit (Leo Polovets)

Leo Polovets of Susa Ventures joins Nick to discuss Raising Fund III, A Framework to De-risk Your Startup, & When to Explore vs. Exploit. In this episode, we cover: Give us an update on your investments at Susa since we last chatted? How has the thesis at Susa evolved over the past couple of years? Do each of the GPs at Susa have specialty areas of focus? This year Susa closed on 2 new funds - Susa III a $90M early stage fund, along with your first opportunity fund to which investors committed $...

Jan 15, 202041 min

Investor Stories 129: Post Mortems (Ajao, Rust, Moatti)

On this special segment of The Full Ratchet, the following Investors are featured: Adeyemi Ajao Ash Rust SC Moatti Each investor discusses a portfolio company that did not survive and why it was that they failed. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Jan 08, 20208 min

202. Cram Session, Episodes 138-143 (Nick Moran)

Welcome back to TFR for another Cram Session. In these special releases, we have aggregated the takeaways and tips from previous episodes. In this installment, we will be recapping the following episodes: 138. How to Angel Invest Like the Best, Part 1 (Jason Calacanis) 139. How to Angel Invest like the Best, Part 2 (Jason Calacanis) 142. Beacon: An Engineering Systems Approach to Investing, Part 1 (Chris Farmer) 143. Beacon: Modernizing the VC Firm, Part 2 (Chris Farmer) To listen more, please v...

Jan 01, 202017 min

201. [REPLAY] Economic Theory in Venture Capital (Mark Suster)

Mark Suster of Upfront Ventures joins Nick to discuss Economic Theory in Venture Capital. In this episode, we cover: You’ve written about a major lesson from Clayton Christensen’s book, the Innovator’s Dilemma, which was one of ‘deflationary economics.’ Can describe what this means and why it should be a focus for startups? In light of deflationary economics, what are the key questions that a founder should ask him/herself about the business? Why is it that incumbents have such a hard time respo...

Dec 25, 20191 hr 10 min

Investor Stories 128: Strange & Unusual (Vrionis, Tusk, Klaff)

On this special segment of The Full Ratchet, the following Investors are featured: John Vrionis Bradley Tusk Oren Klaff Each investor describes the most unusual situation or pitch that they've encountered as an investor. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Dec 19, 20199 min

200. University-Affiliated Funds & Angel Networks (Jason Whitney)

Jason Whitney of IU Ventures joins Nick to discuss University-Affiliated Funds & Angel Networks. In this episode, we cover: Backstory/path to venture At IU you have 3 core initiatives - The Quarry, IU Venture Fund and the IU Angel Network. What's the focus of each? Talk about the investment focus for the IU Philanthropic Fund. What're the criteria to be eligible for funding? How does IU Ventures support the University's mission? How does it affect or benefit current students? As a broader goal, ...

Dec 13, 201942 min

Investor Stories 127: Lessons Learned (Wortmann, Horowitz, Banister)

On this special segment of The Full Ratchet, the following Investors are featured: Craig Wortmann David Horowitz Cyan Banister Each investor illustrates a critical lesson learned about startup investing and how it's changed their approach. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Dec 04, 201911 min

199. SPV's, Side Cars, & The Syndication Surge (Jeremy Neilson)

Jeremy Neilson of Assure joins Nick to discuss SPV's, Side Cars, & The Syndication Surge. In this episode, we cover: Quick walkthrough of your background Can you give us a brief overview of Assure? What is an SPV Investment in the context of this discussion? Can you walk us through the history of how sidecars and/or angel groups have handled (or mishandled) these syndication style investments in previous decades? Why do you think startups and seekers of capital are increasingly raising through S...

Nov 27, 201946 min

Investor Stories 126: Whats Next (Franklin, Glickman, Cheng)

On this special segment of The Full Ratchet, the following Investors are featured: Bobby Franklin Steve Glickman Cheryl Cheng Each investor discusses sectors, drivers and/or trends that may have a significant impact in the future and are potentially positioned for outsized-returns. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Nov 20, 20198 min

198. Streaming Wars, The Future of Mobile & The Evolution of User Interaction (M.G. Siegler)

M.G. Siegler of GV joins Nick to discuss Streaming Wars, The Future of Mobile & The Evolution of User Interaction. In this episode, we cover: Backstory/path to Venture How'd you find your way from Hollywood to SV? Who was the first VC that, based on your writing talent, saw your potential as an investor? Why did you leave Crunchfund for GV? A little confusion about the array of venture funds affiliated with Google - can you give us a quick overview and whether there is still an affiliation betwe...

Nov 13, 201952 min

Investor Stories 125: Why I Passed (Cardamone, Rooke, Dorsey)

On this special segment of The Full Ratchet, the following Investors are featured: Michael Cardamone Jenny Rooke Scott Dorsey Each investor highlights a situation where they decided not to invest, why they passed, and how it played out. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Nov 06, 20197 min

197. The DNA of Startup Success (John Vrionis)

John Vrionis of Unusual Ventures joins Nick to discuss The DNA of Startup Success. In this episode, we cover: Backstory/path to venture. Talk about your experience at Lightspeed and your decision to leave. Where/when did you first meet Jyoti Bansal, the founder, AppDynamics? What's unusual about what you do? 'Unusual Academy' and 'Get Ahead Platform' -- what are they and what's the difference? You’ve spoken about your team at Unusual being focused on redesign the early-stage VC market and giving...

Oct 30, 201954 min

Investor Stories 124: Post Mortems (Clavier, Tusk, Kupor)

On this special segment of The Full Ratchet, the following Investors are featured: Jeff Clavier Bradley Tusk Scott Kupor Each investor discusses a portfolio company that did not survive and why it was that they failed. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Oct 23, 201910 min

196. Creating Unfair Advantages, Surviving Founder Burnout and Driving Successful Exits (Courtney Reum)

Courtney Reum of M13 joins Nick to discuss Creating Unfair Advantages, Surviving Founder Burnout and Driving Successful Exits. In this episode, we cover: Backstory/path to venture Tell us about your experience being an investor at Goldman Sachs and working with brands like Procter & Gamble, Under Armour and Vitamin water. What are some takeaways you got from that experience that influence you today? You and your brother founded VEEV Spirits which became the first line of organic ready-to-drink c...

Oct 16, 201940 min

Investor Stories 123: Strange & Unusual (Horowitz, Kim, Rust)

On this special segment of The Full Ratchet, the following Investors are featured: David Horowitz Jim Kim Ash Rust Each investor describes the most unusual situation or pitch that they've encountered as an investor. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Oct 09, 20199 min

195. Flip The Script & Perfect Your Pitch (Oren Klaff)

Oren Klaff of Intersection Capital joins Nick to discuss Flip The Script & Perfect Your Pitch. In this episode, we cover: Backstory/path to finance What led to the founding of Intersection? What's your mandate and focus at Intersection? Tell us about the Velocity product. Your bestselling book Pitch Anything, provides a detailed methodology on effectively presenting, persuading and winning a deal during the pitch. Can you go over some key takeaways from the book for listeners? In the book you ta...

Oct 02, 201953 min

Investor Stories 122: Lessons Learned (Ajao, Bahat, Cheng)

On this special segment of The Full Ratchet, the following Investors are featured: Adeyemi Ajao Roy Bahat Cheryl Cheng Each investor illustrates a critical lesson learned about startup investing and how it's changed their approach. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Sep 25, 201910 min

194. Special Edition! The Story Behind TFR & New Stack Ventures (John Gannon interviews Nick Moran)

John Gannon of Going VC interviews Nick to discuss The Story Behind TFR & New Stack Ventures. In this episode, we cover: How did you get Brad Feld on early on? How did you stay true to your vision when you were getting asked early on by entrepreneurs to feature them on the podcast? (you mentioned this in episode 10, w/Brad Feld) If you were starting TFR again, in 2019, what would you do differently? Why the podcast format vs blogging vs. ... ? When did you know that the podcast was "working" ......

Sep 18, 201952 min

193. SaaS Acceleration, Sales Savvy Founders & The Rise of Tech-Enabled Services (Michael Cardamone)

Michael Cardamone of Acceleprise joins Nick to discuss SaaS Acceleration, Sales Savvy Founders & the Rise of Tech-Enabled Services. In this episode, we cover: What is Aaron Levie like to work for? Backstory and path to Acceleprise When you started Acceleprise a lot of folks told you not to -- the world doesn't need another accelerator. Why did you proceed? Why an Accelerator and not a traditional VC fund? Check size then and now? The biggest criticism of accelerators that I'm hearing from invest...

Sep 13, 201945 min

Investor Stories 121: What's Next (Dorsey, Senkut, Banister)

On this special segment of The Full Ratchet, the following Investors are featured: Scott Dorsey Aydin Senkut Cyan Banister Each investor discusses sectors, drivers and/or trends that may have significant impact in the future and are potentially positioned for outsized-returns. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Sep 11, 20199 min

Investor Stories 120: Why I Passed (Hea Nahm, Moatti, Clavier)

On this special segment of The Full Ratchet, the following Investors are featured: Tae Hea Nahm SC Moatti Jeff Clavier Each investor highlights a situation where they decided not to invest, why they passed, and how it played out. To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information....

Aug 29, 20196 min