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 Did Deal by Deal Play Out?

Before launching the firm, severas private i was investin banking. In two thousand ten portn fortunately, i wasa, i was in another private equity firm. I tended to be very opinionated, nick. You know, my wife looked at me and said, you always wanted to start your own firm. Why don't you do it? But in two thousand ten, it was very difficult for some one in the very early thirties to raise capital. So i started deal by deal and did it the hard way, the slow way. And so a was called deal by deal. It's like the navy l version of our world, cause you got to kind of,

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