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

378. Betting on "Bad" Industries, the opportunity in Alcohol, Nicotine, SexTech and other vices, and Why Early Stage Investors Should Avoid Consumer Investing (Catharine Dockery)

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

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The Hyper Focused Investor

I don't use nicotine and never have and never will. And I don't recommend anybody else using nicotine. But for the people who are addicted to nicotine and smoke combustible, whether that's a vape or a digret, right? It's still combusted, combustion. And you can switch those habits from inhalation to oral consumption. You are saving the planet. The number one polluted item in the world by about a 20x margin is cigarette butts. They're everywhere. So if you can replace that habit and you can reduce harm or nicotine oral product, you have an advantage.

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