The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified Investor Stories 382: Lessons Learned (von Tobel, Felesky, Patil)
Jan 7, 2025
Guests share vital lessons from their careers in the venture capital landscape. Insights reveal the importance of backing exceptional entrepreneurs for long-term success. The discussion also emphasizes validating concepts before expanding internationally and the need for focused scaling. Innovative software is introduced to simplify fund management for VC investors. Additionally, the balance of maintaining quality while ensuring profitability is highlighted, underscoring the significance of founder expertise in the startup ecosystem.
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Backing Exceptional Talent
- Back entrepreneurs who can "will things into existence."
- These founders find solutions and create magic, crucial for long-term business building.
Wealthsimple's Expansion Lesson
- Wealthsimple's success in Canada showed the importance of focused growth.
- Expanding to the UK and US simultaneously proved costly and distracting.
Early Traction and Founder Knowledge
- Successful companies usually demonstrate traction within the first two years.
- Founders should have a strong understanding of their vertical, not relying heavily on VC education.