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

Investor Stories 449: Exceptional Founders Up Close: Listening Over Posturing, Integrity Over Ease, and Deliberate Execution from Day One (Hsieh, Delk, Maples Jr.)

5 snips
Dec 25, 2025
In this episode, venture capitalist Mike Maples Jr. shares insights alongside Vince Hsieh and Ryan Delk. Maples highlights the importance of hiring to mitigate risks and adopting strict criteria before launching a startup, exemplified by Kasser Yunus of Applied Intuition. Vince discusses how listening to others can drive rapid growth, while Ryan emphasizes integrity and tough decision-making shaped by his father's influence. Their experiences reveal what truly sets visionary founders apart in the startup landscape.
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INSIGHT

Listening As A Growth Engine

  • The founder Vince Hsieh describes prioritized listening to customers, executives, and investors as foundational to rapid growth.
  • That active listening enabled fast iteration and scaling in the 18 months after their investment.
ADVICE

Send Pre-Reads, Use Calls For Strategy

  • Share materials ahead of meetings and assume investors read them to spend call time on strategic questions.
  • Use conversations to ask and learn about product, capital, and hiring rather than rehashing numbers.
ANECDOTE

Formative Lesson In Integrity

  • Ryan Delk credits his father for teaching him to prioritize integrity and make hard decisions regardless of consequences.
  • That formative lesson shaped how Ryan handles tough choices in his career.
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