299 episodes

A podcast dedicated to demystifying Venture Capital. Nick Moran interviews the VC and Angel investor experts on how they find, evaluate and select the next generation of great technology startups.

The Full Ratchet: VC | Venture Capital | Angel Investors | Startup Investing | Fundraising | Crowdfunding | Pitch | Private E Nick Moran

    • Investing

A podcast dedicated to demystifying Venture Capital. Nick Moran interviews the VC and Angel investor experts on how they find, evaluate and select the next generation of great technology startups.

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

    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.

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

    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 $50M. What was the elevator pitch to LPs and what worked well in the first two funds that resonated with LPs, leading to the successful raise? What would you have done differently in Fund I and Fund II if you could go back? What it takes to raise a Series A... often founders will have a singular focus on the vanity metrics -- they assume if they hit $2M in ARR they'll attract the A round at an attractive multiple from Tier 1 investors. But, we've seen this play out and it's not all that's required. Why is a singular focus on ARR a poor approach to raising money? Leo, you have an original framework here focused on de-risking the the major risks centers facing a startup. What are the high-level principles? The 9 risk centers that you've identified include Product Market Fit, Product Quality, Team, Recruiting, Sales, Market, Funding, Short-term Competition, and Long-term Competition -- can you pick one of these areas and walk us through an example? What are the common mistakes founding teams make with regard to these risks? Talk a bit about the balance between testing and execution?  How should founders balance figuring out the best path forward with running fast in the direction they think is best? Increasingly our founders have been sending us dealflow, operating as scouts, making angel investments in early stage companies. Where do you stand on this -- distraction that should be avoided or net benefit to those involved? In what ways have you changed most as an investor since the early days? One piece of advice for founders -- what is it?  
    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.

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

    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.

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

    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 visit http://fullratchet.net/podcast-episodes/  for all of our other episodes.
     
    Also, follow us on twitter @TheFullRatchet for updates and more information.

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

    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 responding to startups w/ this approach? What should new market entrants focus on when it comes to price vs. functionality? At a high-level what are your thoughts on the trade-offs between growth and profitability? What are your impressions of what Bryce Roberts is doing at Indie VC? How have your thoughts on investment psychology and economics been influenced by The Black Swan by Nassim Taleb? What other principles of economics, that we haven’t touched on, have informed your investment philosophy? In light of today’s topics, what are the key things you’re looking for in startups? Can you talk about Defy Ventures and your experience visiting California State Prison and the impact that Defy is having? 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.

    • 1 hr 9 min
    Investor Stories 128: Strange & Unusual (Vrionis, Tusk, Klaff)

    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.

    • 8 min

Customer Reviews

Colette Ballou ,

All You Need To Know About VC & Angel Investing

This podcast is informative yet humble. It starts at an intro to all topics, and constantly provides fresh perspectives with hyper-informed guests while allowing for new listeners to catch up (and helping those of us who are a bit dense). To be listened to again and again, my go-to source, and information that’s good for the newbie up to the seasoned investor.

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