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

371. Are Founders Born or Made?, What it Takes to Raise a Series A in 2023, and Weighing the Balance of Unit Economics vs Growth (Mar Hershenson)

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Feb 20, 2023
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ANECDOTE

Path to Pear VC

  • Mar Hershenson's path to venture capital began with her entrepreneurial background, co-founding three startups after receiving her PhD.
  • She transitioned to VC after her partner, Pashman, proposed creating a fund to support founders more directly.
INSIGHT

Pear VC's Thesis

  • Pear VC's investment thesis centers around supporting high-potential founders, not specific industry sectors.
  • Their focus is to give founders the necessary support to grow as leaders and reach their full potential.
ADVICE

Embrace Failure

  • Founders should embrace and learn from failure, as it's an inevitable part of the entrepreneurial journey.
  • A history of consistent success can be a counter-signal, indicating a lack of experience with overcoming obstacles.
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