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

Investor Stories 356: Lessons Learned (Rueckert, Tunguz, Rotman)

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

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Personal Conviction in Investing

Rob Rueckert's first investment went to zero because he invested based on who else was investing, not because he was emotionally connected to the product or truly believed in it.

  • Lesson Learned: Never invest in a company unless you are personally convicted in the product and the CEO, even if it means missing out on opportunities.
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