The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified Investor Stories 443. Why Great Investors Move Slowly, Go Deep, and Surround Themselves with the Right People (Hsieh, Madera, Bussgang)
Nov 27, 2025
Vince Hsieh, an investor at Cypress Growth Capital, shares insights on the importance of building a high-quality network for successful deal flow. Paul Madera, co-founder of Meritech Capital, emphasizes the need to specialize in a narrow sector to develop deep insights. Jeff Bussgang of Flybridge Capital recommends slowing down the investment pace, advocating for quality over quantity to enhance effectiveness. Together, these seasoned investors provide valuable guidance for those venturing into the world of investments.
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Network Is Your Deal Flow Engine
- Build and cultivate a targeted network that feeds your deal flow consistently.
- Spend time with people who match your fund's ideal customer profile to access highest quality deals.
Pick A Narrow Sector And Master It
- Pick a focused sector and learn it deeply over years rather than chasing hot deals.
- Become an expert so you add value and can win better deals at better prices.
Slow Down And Invest Fewer, Better
- Slow down your investment pace and prioritize quality over quantity.
- Aim for one or two outstanding companies rather than many mediocre ones that consume time.