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

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

Latest episodes

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Feb 20, 2025 • 8min

Investor Stories 389: Best LP Question (von Tobel, Felesky, Patil)

Listen in as prominent investors share their insights on the most impactful questions posed by allocators. Discover how team dynamics and family values are essential for driving investment performance. Dive into the innovative software tool, Sidecar, that streamlines venture capital management. The discussion also highlights the challenges faced by U.S.-trained investors in emerging markets, emphasizing the need for local knowledge and humility. It's a compelling look at what it takes to navigate the complex world of venture capital!
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Feb 17, 2025 • 52min

470. The Former CTO of Meta on DeepSeek, Lessons from Zuckerberg, The Next $10T Market Opportunity, and the Impact of DeepTech on Energy Costs and Climate Change (Mike Schroepfer)

Mike Schroepfer, founder of Gigascale Capital and former CTO of Meta, dives into the world of deep tech investment for climate change. He shares enlightening lessons from Zuckerberg and discusses the challenges faced while building a social media giant. Schroepfer explores the next $10T market opportunity in sustainable innovations, emphasizing the importance of energy technology. He highlights how advances in AI and regulation intersect with energy costs, advocating for a diversified energy grid to foster innovation. A must-listen for aspiring tech entrepreneurs!
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Feb 13, 2025 • 7min

Investor Stories 388: Lessons Learned (Roizen, Upham, Ho)

This episode features seasoned investors sharing pivotal lessons from their careers. They discuss the emotional resilience needed in venture capital and highlight the importance of selective investment strategies. The conversation shifts to the critical role of governance, emphasizing the need for VCs to ensure accountability with startup founders. Additionally, insights on streamlining operations and the significance of diverse perspectives in investment decisions are shared, showcasing how collaboration can mitigate personal blind spots.
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Feb 10, 2025 • 34min

469. Overcoming the Odds: Pismo's Journey to Build API-First Banking, Fixing Finance's Broken Core, and the Future of Payments (Daniela Binatti)

Daniela Binatti, Co-founder and CTO of Pismo, has over 25 years in banking and tech. She discusses the hurdles of outdated banking systems and how Pismo is revolutionizing finance with an API-first approach. Daniela shares insights on cultural transformation in tech, the regulatory challenges in Brazil, and the future of payments, including the role of blockchain. She also reflects on her journey as a woman founder in Brazil, emphasizing resilience, community support, and the importance of a people-centric company culture.
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Feb 6, 2025 • 5min

Investor Stories 387: Why I Passed (Patil, Chase, Boduch)

Investors share candid stories about the pivotal moments they chose not to invest, revealing valuable lessons learned. One explains a missed opportunity with a wealth management startup, showcasing the hurdles of scalability. Another reflects on regret from avoiding a healthcare investment due to lack of knowledge. The discussion emphasizes the importance of saying no to focus on the right ventures and how informed decisions can shape future success in the competitive landscape.
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Feb 3, 2025 • 45min

468. When Product-Market-Fit Isn’t Enough: The Hidden Forces Behind Brand Loyalty, Gravity, and Increasing Consumer Spend (Shamin Walsh)

Shamin Walsh, Managing Director at BAM Ventures, brings a wealth of experience as an attorney and early-stage investor. In their conversation, Walsh delves into the nuances of consumer brand loyalty beyond product-market fit, discussing investment metrics and shifting consumer spending behaviors. They highlight the struggle of mid-market apparel brands, the challenges of engaging consumers in tech, and the critical traits for founders in today’s market. Insights on navigating consumer packaged goods investments and the importance of cultural dynamics round out this engaging discussion.
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Jan 30, 2025 • 5min

Investor Stories 386: Disruptive Forces (Yunger, Chau, Whitmire)

This conversation dives into the transformative impact of AI on venture capital and startup investing. Guests highlight the need for firms to adapt their strategies and sources for investment in an evolving landscape. They also unveil a new software tool, Sidecar, aimed at streamlining VC operations. The discussion shifts to how AI reshapes the accounting profession, addressing concerns over job automation while envisioning a future where accountants embrace technology in innovative roles. It's a thought-provoking take on disruption and evolution across industries.
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Jan 27, 2025 • 44min

467. Lessons from Jobs, Musk, Case, and Armstrong – What It Takes to Transform Industries and Build Trillion-Dollar Companies (Barry Schuler)

Barry Schuler, founder of DFJ Growth Ventures and former CEO of AOL, shares insights on transforming industries. He discusses his experiences with visionaries like Steve Jobs and Elon Musk, emphasizing the importance of innovation. Schuler also delves into the rise of electric cars, the significance of investing in cryptocurrency through platforms like Coinbase, and the transformative potential of AI. His discussions highlight crucial lessons for aspiring entrepreneurs and investors navigating today's tech landscape.
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Jan 23, 2025 • 5min

Investor Stories 385: Key Advice (Inkinen, Roizen, Boduch)

This podcast features seasoned investors sharing their vital advice for newcomers in the venture world. They highlight the significance of passion and building strong relationships for success. Key insights include the necessity of achieving product-market fit before scaling and the advantages of maintaining a lean team. The discussion also delves into innovative partnerships and quality in the meal delivery sector, emphasizing the balance between excellence and cost management in a competitive landscape.
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Jan 20, 2025 • 52min

466. Investing in xAI, Wiz, and Flexport; Masayoshi Son’s Superpower; How Elon Will Win the LLM War; and Whether AI Is an Extinction-Level Event for SaaS (Kevin Jiang)

Kevin Jiang, CIO and co-founder of Mangusta Capital, dives into the world of early-stage AI investments, contrasting his approach with larger firms. He discusses the potential of explainable AI and Elon Musk's vision for LLMs, emphasizing niche markets and vertical AI solutions. Jiang also addresses the implications of AI on sectors like healthcare and fintech, exploring how it may reshape the SaaS landscape. With insights on investment strategies and the future of AI, this conversation is both enlightening and thought-provoking.

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