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

327. The Late Stage Reset, Competing with Tiger, and Last Mile’s Unit Economics (Steve Sarracino)

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

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How Long Are You Tracking These Companies?

Nine months is just about enough time to build what we call the council relationship with the founder. I think that's the most powerful way to invest in an asset, you know, the council relationship. And i has a lot of other ways to do it including writing a small check and being on the cap table. It may not be the best strategy, but it is a strategy.

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