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

501. Spotting the Next Big Thing, Why This Cycle Is Different, Acceptable vs Unacceptable Risk, and Why Duration Is a Feature Not a Bug (Jon Callaghan)

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

00:00

Why early, not momentum, matters

Jon contrasts early-stage multiple-focused investing with late-stage IRR chasing and dangers of premature markups.

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