Jacob Effron of Redpoint joins Nick to discuss How Model Progress Shifts the Goalposts, Why The Death of Software Is Overstated, and How to Diligence Hypergrowth Without Getting Burned. In this episode we cover:

Investing in AI and Vertical Applications
Model Layer Advancements and Future Milestones
Challenges and Opportunities in Agentic AI
Investing in Tooling and Middleware
Product Market Fit and Defensibility in AI Applications
Verticals with Real Product Market Fit
The Evolution of AI Investing Metrics
Future Trends in AI and Robotics

Guest Links:

The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

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21 - Building the brakes - Matthew Ibrahim