The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified Investor Stories 401: Best LP Question (Chase, Boduch, Whitmire)
May 15, 2025
Venture capitalists reveal the best questions they've encountered from allocators, showcasing the power of intellectual curiosity. Discussion revolves around strategic growth through product diversification, emphasizing the need for a forward-thinking product strategy in SaaS companies. Guests highlight how insightful inquiries can uncover deeper insights into technology themes, making these conversations pivotal in the investment landscape.
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Alphabet's LP Intellectual Curiosity
- Alphabet, as Capital G's single LP, shows deep intellectual curiosity.
- They engage actively with thematic investment theses, which makes working with them more stimulating.
Value of Deep VC Questions
- The best VC questions probe deeply into the company's specific competitive advantages.
- Thoughtful questions demonstrate understanding of the space and vision for the company's impact.
Preparation with Gary on Product Strategy
- Gary warned Mike Whitmire to be ready to answer what the second and third product lines of Flowcast would be.
- That question shaped their long-term thinking about building a multi-product SaaS company.