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

Investor Stories 356: Lessons Learned (Rueckert, Tunguz, Rotman)

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

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Investing in Snowflake: Lessons on Conviction and Support

Tomás Tungus discusses how despite challenges like negative gross margins and high burn rate, Snowflake succeeded with investor support. The chapter highlights the value of believing in and supporting a company through tough times if you have conviction in their potential.

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