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

Investor Stories 453: Founder Led Capital Flywheels, Thoughtful Reserve Strategies, and Long Term Fund Design (York, Hsieh, Ramanujam)

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

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Why 49 Palms avoids sweat equity

Madhavan explains why 49 Palms favors invest-and-operate over sweat equity to reduce founder friction and align long-term.

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