The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified Investor Stories 399: Why I Passed (Whitmire, Garcia, Tusk)
May 1, 2025
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Choosing Larger Market Over CAS
- Mike Whitmire chose not to focus on a smaller client accounting services (CAS) market despite initial inbound interest.
- He prioritized building a product for a larger TAM to create a scalable, public company.
Choosing Startup Over Investment Banking
- David Garcia decided to quit his job at IBM and stop applying to investment banks to focus on starting a tech company.
- He is happy with his choice, despite uncertainty if it was the absolutely right call initially.
Passing on Beyond Meat
- Bradley Tusk passed on Beyond Meat before it went public despite its success.
- He reflected that missing out was a mistake because the regulatory battles around plant-based meat were fascinating and lucrative.