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

412. The Hierarchy of Bullsh*t, The 8 Criteria that Matter Most, Why Boiler Rooms Win, and the Key to Raising Capital (Mitchell Green)

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

CHAPTER

Building a Venture Fund and Investment Criteria

The speaker discusses their experience working at Vessimer and a hedge fund, as well as their involvement in the acquisition of Alibaba. They explain the timeline of their venture fund, their pitch to LPs, and the investment thesis of their fund, emphasizing the importance of focus and discipline in investing. They also discuss the criteria they use for investing in businesses, such as capital efficiency and recurring revenue.

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