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Rank #198 in Investing category

Business
Technology
Investing

The Full Ratchet: VC | Venture Capital | Angel Investors | Startup Investing | Fundraising | Crowdfunding | Pitch | Private Equity | Business Loans

Updated 5 days ago

Rank #198 in Investing category

Business
Technology
Investing
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A podcast dedicated to demystifying Venture Capital. Nick Moran interviews the VC and Angel investor experts on how they find, evaluate and select the next generation of great technology startups.

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A podcast dedicated to demystifying Venture Capital. Nick Moran interviews the VC and Angel investor experts on how they find, evaluate and select the next generation of great technology startups.

iTunes Ratings

172 Ratings
Average Ratings
165
2
2
2
1

Fantastic content!

By Joe from Highland Park - Jun 21 2019
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Great podcast to learn about investing in startups from Nick and a great cast of investors.

Great insights

By JoshRut27 - Feb 13 2018
Read more
I keep getting little nuggets throughout each episode. Really good source of insider details

iTunes Ratings

172 Ratings
Average Ratings
165
2
2
2
1

Fantastic content!

By Joe from Highland Park - Jun 21 2019
Read more
Great podcast to learn about investing in startups from Nick and a great cast of investors.

Great insights

By JoshRut27 - Feb 13 2018
Read more
I keep getting little nuggets throughout each episode. Really good source of insider details

The Best Episodes of:

Cover image of The Full Ratchet: VC | Venture Capital | Angel Investors | Startup Investing | Fundraising | Crowdfunding | Pitch | Private Equity | Business Loans

The Full Ratchet: VC | Venture Capital | Angel Investors | Startup Investing | Fundraising | Crowdfunding | Pitch | Private Equity | Business Loans

Updated 5 days ago

Read more

A podcast dedicated to demystifying Venture Capital. Nick Moran interviews the VC and Angel investor experts on how they find, evaluate and select the next generation of great technology startups.

Rank #1: 161. Why SaaS is not a fit for VC and How AI Compounds Competitive Advantage (Ash Fontana)

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Ash Fontana of Zetta Venture Partners joins Nick to discuss Why SaaS is not a fit for VC and How AI Compounds Competitive Advantage. In this episode, we cover:

  • Categories of AI that Ash is most interested in
  • The difference between real AI and AI-enabled companies
  • Why SaaS will cease to be investable by VCs
  • The current AI stage of adoption
  • How he times the market
  • The four phases of AI
  • What phase of AI they invest in
  • How AI is and will be affected by limited data
  • How startups can compete for talent w/ GAFA (Google, Amazon, Facebook, Apple)
  • The moats being created by their AI-first portcos
  • How they think about metrics and milestones for AI-backed companies
  • If AI should be feared
  • and finally we wrap up w/ Ash's thoughts on Chris Dixon's position that we will see a movement from centralization back to decentralization in tech-- and the role that AI will play

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Apr 19 2018

50mins

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Rank #2: 42. Raising a VC Fund (Jonathan Struhl)

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Jonathan Struhl of Indicator Ventures joins Nick to discuss how he raised his first VC Fund. We will address questions including: What are the types of venture funds and what are their key differences? How do venture funds establish a strategy or investment focus? An LPA and PPM are necessary when...

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Jul 08 2015

56mins

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Rank #3: 171. Sports Tech and the Future of eSports (Wayne Kimmel)

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Wayne Kimmel of SeventySix Capital joins Nick to discuss Sports Tech and the Future of eSports. In this episode, we cover:

  • Talk about the investment focus and approach of your firm When did Ryan Howard start working w/ you and how did he become a part of the leadership team?
  • Talk a bit about sports tech has evolved over the past decade.
  • All these players or former players are getting involved on the investment-side... some pretty savvy, some more green... good thing or bad thing?
  • What lens or framework does your firm use to segment the sportstech landscape?
  • I've heard SportsTech categorized into Athlete performance tech, broadcast audience enjoyment tech, and In-person experience tech. Do you consider startups in these categories and where have you seen the most opportunities?
  • eSports (ie. video games as a sport)... has exploded in popularity. Talk a bit about what you're seeing in esports and how you're approaching it from an investment standpoint.
  • I know a number of sportstech investors that avoid the youth, amateur and collegiate markets, b/c they think all the money is in the professional markets. Missed opportunity or is there something to this position?
  • Lessons from owning the USFL champions, the Stars?
  • What are the specific ways you get involved with portfolio companies?
  • You've spoken a lot about the importance of networking, and even wrote a book about it. What key lessons do you have for listeners w/ regard to networking?

Sep 20 2018

42mins

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Rank #4: 107. Reinventing Venture Capital, Part 1 (Bryce Roberts)

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Bryce Roberts of Indie VC & OATV joins Nick to cover Reinventing Venture Capital, Part 1. We will address questions including: Can you walk us through your background and how you became involved in startup investing? As a pioneer in early-stage investing 10 years ago, what was the original investment...

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Sep 28 2016

35mins

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Rank #5: 179. Sales Mastery & Storytelling at Scaling Startups (Craig Wortmann)

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Craig Wortmann of Sales Engine joins Nick to discuss Sales Mastery & Storytelling at Scaling Startups. In this episode, we cover:

-Craig's background and how he became involved in the early stage tech community.

-You've spent a lot of time looking at how companies make this difficult transition from the scrappy, do-it-all world of "Entrepreneurial Selling" to a "Professional Selling" organization. Talk to us about what you've observed and how companies struggle in this transition.

-When is the right time to transition from 'guerilla selling' to a more organized, professional process?

-When we had Tae Hee Nahm on the program he talked about three different types of sales leaders at different stages of a startup. At the beginning it was a Davey Crocket- like individual, an independent explorer who will find their own path through the wilderness... then at the growth stage, Braveheart individual- someone with that warrior spirit and finally at the scale stage he looks for the Dwight Eisenhower-- someone with political savvy to align all the sales folks and move in the right direction... do you agree or disagree and how does your philosophy differ?

-What do you do when a top performing salesperson won't use the tools, align with the culture or conform to processes.

-How do you handle it when the product is broken... it's clear that the offering is lacking and the issue is not with sales.

-How about situations where one is selling something that doesn't exist?

-Storytelling... I see founders fail at this often and even I often failed in telling my story when raising Fund I. Where do most people go wrong?

-What's the story canvas and how should it best be used?

-You talk about how folks should think about 'capturing, distilling, and telling' the right story at the right time for the right reasons. What's your advice here?

-One of the more popular things you teach at Kellogg is called the 'The Perfect Sales Meeting'. Can you talk to us about how one should think, plan and increase their sales meeting effectiveness?

-Between sales meetings or when a prospect is slow to make a decision... how does one create urgency and positive momentum toward a decision?

Jan 23 2019

1hr 14mins

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Rank #6: 44. Negotiating a Term Sheet (Jason Heltzer)

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Jason Heltzer of Origin Ventures joins Nick to cover Negotiating a Term Sheet. We will address questions including: Can you first talk about why you chose to write about negotiation? One of the first things to understand is whether the negotiation is asymmetric or not. What does this mean and...

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Aug 05 2015

37mins

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Rank #7: Investor Stories 92: What's Next (Martino, Calacanis, Farmer)

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On this special segment of The Full Ratchet,

the following investors are featured:

  • Paul Martino
  • Jason Calacanis
  • Chris Farmer

Each investor discusses sectors, drivers and/or

trends that may have significant impact in the

future and are potentially positioned for outsized-returns.

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Jul 21 2018

8mins

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Rank #8: 108. Reinventing Venture Capital, Part 2 (Bryce Roberts)

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Today we cover Part 2 of Reinventing Venture Capital with Bryce Roberts of Indie VC. In this segment we address: What are your filters, what level of traction are you looking for and what else do you like to see in prospective applicants? Many VCs target 100x+ exits for success…...

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Sep 29 2016

34mins

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Rank #9: 77. Artificial Intelligence Investing, Part 1 (Nathan Benaich)

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Nathan Benaich of Playfair Capital joins Nick to cover Artificial Intelligence Investing, Part 1. We will address questions including: Can we start off w/ a simple definition of artificial intelligence? The term ‘Machine Learning’ is often used when discussing AI. In your estimation, is Machine Learning and AI synonymous or...

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Apr 11 2016

41mins

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Rank #10: 138. How to Angel Invest Like the Best, Part 1 (Jason Calacanis)

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Jason Calacanis joins Nick to discuss his new book and his secrets to successful angel investing. We address questions including:

- Why Jason wrote the book - What drives him to continue angel investing after all his success - His thoughts on angels that make large investments during their first year of angel...

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Jul 20 2017

38mins

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Rank #11: 165. AV, Mobility, and the Disruption of Big Auto (Evangelos Simoudis)

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Evangelos Simoudis of Synapse Partners joins Nick to discuss AV, Mobility, and the Disruption of Big Auto. In this episode, we cover:

Backstory / Path to becoming an investor What is the investment focus/philosophy of your firm? What are the key drivers of automotive disruption? Can you talk about the role of big data and machine intelligence in AV? Can you give us an overview of the framework you use for investing in mobility and talk about the new investment areas in the category What business models have and will emerge as we adopt autonomous vehicles for on-demand mobility services? What needs to happen for these business models to be implemented and what sort of timeline are we looking at? Talk about some of the notable companies funded in the space and potential exits in the short-, medium-, and long-term? What do you think will happen to the large, incumbent automakers? Where do you find interesting big data and AI startups working on mobility-related problems outside Silicon Valley, Israel, and China? How do you identify areas to invest, create value for your portcos, and help drive exits? Advice for founders working on AV and mobility tech?

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Jun 15 2018

44mins

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Rank #12: 191. Corporate VC (David Horowitz)

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David Horowitz of Touchdown Ventures joins Nick to discuss Corporate VC. In this episode, we cover:

  • Backstory/ Path to Venture
  • Talk about the 14 years you spent with Comcast Ventures -- what you learned and why you left?
  • What lead to founding Touchdown Ventures?
  • At Touchdown, you partner with leading corporations to manage the complete venture lifecycle from entity formation to investment management…Can you dive into the thesis/focus of the firm?
  • Why would a founder choose corporate VC funding over institutional funding?
  • I was reading through the “Risky Business” blog on the Touchdown website and found some pretty interesting articles…specifically one that talks about “the most overlooked skill in Corporate venture" being deal management…that it “requires more effort than all other activities combined”…why is deal management so challenging?
  • Why do you think CVC’s funding has historically been more inconsistent than institutional venture funds?
  • Why are corporations willing to take minority stakes in startups? As Fred Wilson said on CVC—“You want the asset? Buy it.” Is there a risk to founders of taking investment from a large corporate that can "look under the hood" and reverse-engineer the tech or exploit the IP?
  • Is the core objective of a CVC financial return or is it more of a strategy play? (i.e. market insight, actively trying to grow certain sectors)
  • How does the mindset of a CVC change in a bear market, especially compared to institutional VC?
  • How does follow-on funding work in corporate VC? If the corporate has a poor financial year, does a lower funding allocation affect follow-on allotment for winners?
  • The firm was recognized by Global Corporate Venturing for having both established and managed the most corporate venture funds to date… At the industry level corp VC has peaked in funding in recent years. Why do you think corp VC has grown to this level and why did you raise the number of funds that you did?
  • One of the articles on the Risky Business blog talks about fraud detection with reference to Fyre Festival and Theranos…Talk about some red flags that an opportunity may be a fraud and what you should do if those red flags are present?

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Jul 31 2019

43mins

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Rank #13: 154. NEA's Investment Process & The Key Ingredients for Startup Success (Ben Narasin)

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Ben Narasin of NEA joins Nick to discuss how NEA makes decisions, why he joined the firm and the key traits he looks for in founders. In this episode, we cover:

-Why he made the move to NEA -His Investment focus -the role of Venture Partner at NEA -the investment process the firm... and if decisions are made by committee -Ben's Evaluation Process -the key factor that every successful founder possesses -The common red flags that pop up and cause him to say no to strong startups -Why he believes his job is to say no -How he assess opportunities with 100 reasons to say yes and one reason to say no -Ben's evolving approach toward weighing risk factors in startups -how the tech and investing industry has changed over the past decade -how AUM is driving a bifurcation in venture -finally we get Ben's response to the recent Techcrunch article highlighting the crash in early-stage VC funding

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Jan 15 2018

1hr

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Rank #14: 144. The 8 Startup Profiles & Those that Make the Strongest Investments (Guy Turner)

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Guy Turner of Hyde Park Venture Partners joins Nick to cover founder profiles and the characteristics that lead to the strongest startups. We address questions including:

  • You've observed over 50 startups, across your portfolio, and have written extensively about founder profiles. What are the two high-level categories of characteristics that you've observed?
  • Within the inspection characteristics category... what are the three dimensions that matter most?
  • The first two modes seem to differ primarily on the experience dimension... what are the two modes and what are their strengths and weaknesses?
  • Mode 3 you call the exec turned founder.... and mode 4 seems to have the ingredients for big outcomes or big flameouts. Walk us through each of these and their defining characteristics.
  • We've discussed four modes, but based on your framework there should be eight. What about the other four modes?
  • Do you think modes 1 and 2 work better for all investors or just HPVP?
  • Dealflow filtering and evaluation... can you use the inspection characteristics?
  • So we've discussed the inspection characteristics... let's transition to the the second major category, the experience characteristics. Talk more about what they are and how you assess them.
  • What are the five actions that matter most in startup teams?
  • How do you handle a situation where the deal comes late and there's already a term sheet and you don't have time to observe these characteristics over time?
  • What are the five styles that matter most?
  • Self-reflection, do you and Ira and Tim look in the mirror w/ Hyde Park and consider these expectations
  • How about for building the team at HPVP... do you apply founder assessment criteria in your hiring?
  • Are there any soft skills or overlooked founder characteristics that you haven't written about but you look for?
  • What's your take on the issues w/ ethics, not only amongst founders but at the investor level?

Guest Links:

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Oct 25 2017

42mins

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Rank #15: 180. The Self-Made Engineer, Angel, and Venture Capitalist (Cyan Banister)

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Cyan Banister of Founders Fund joins Nick to discuss the Self-Made Engineer, Angel, and Venture Capitalist. In this episode, we cover:

  • So, Cyan you have a really interesting story and background that led you to where you are today. Feel free to start wherever makes most sense but can you talk about your life experience and how it led you to where you're at now?
  • You spoke publicly about your early life at the 2018 TechCrunch Disrupt conference, from living on the streets to becoming a venture capitalist, tell us about this incredible journey, what you accredit your success to and how it lead to venture?
  • Where along the way did you meet Scott? Did you guys every consider raising your own fund?
  • How early are you able to go at Founder's Fund?
  • How do you work with founders post-investment?
  • Judicious with your magic bullets?
  • Have you funded founders with non-traditional backgrounds or missions dedicated to folks living in poverty or providing access to upward mobility?
  • How has your approach changed from your time as an angel to now your experience as a VC ?
  • Do you have any good stories or learnings from Naval?
  • Prior to FF you were an early stage investor in successful companies like Uber, Postmates, PayPal at others... I know you invest alongside Scott... who started angel investing?
  • What was your early approach to angel investing and how were you able to source and select such iconic tech companies at very early stages?
  • Can you tell us a bit about Founder's Fund and your focus? Stage, Sectors, Geographies?
  • "The most promising companies tend to share a few characteristics: They are not popular. They are difficult to assess. They have technology risk, but not insurmountable technology risk. If they succeed, their technology will be extraordinarily valuable. We have no idea what these companies might look like, only that they probably will share these characteristics. Entrepreneurs often know better than we do what might be enormously valuable in the future." -- It's a very humble approach and one that resonates with me and many others. Can you elaborate on the thesis and characteristics of founders that are the best fit for Founders Fund?
  • What's your take on the prevalent number of VCs that remove CEOs of their portfolio companies, on average, within three years of investment?
  • What's your take on contrarian vs. conformist investing... first, how do you even determine what is contrarian and then what's your take on how each ties to performance?

Feb 08 2019

53mins

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Rank #16: 159. The Pioneer of Post-Seed (Paul Martino)

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Paul Martino of Bullpen Capital joins Nick to discuss the emergence of the Post-Seed round. In this episode, we cover:

  • Why Paul passed on joining Mike Maples at Floodgate in order to start Bullpen
  • The product/market fit algorithm he developed for Mike
  • If the stages of funding are moving out or if there are just more of them
  • How Bullpen is differentiated
  • The metrics they require to engage with startups
  • How his quant background has helped make this subjective discipline more objective
  • The hardest aspect of developing new, young VCs
  • We discuss lack of innovation in the asset class
  • Why herd mentality is pervasive
  • Other contrarian principles he and Bullpen embrace
  • If it's harder to get A or B round funding for the non-traditional founders or industries that he invests in
  • How Private Equity is impacting exits the differences in sourcing at post-seed and we wrap up w/ Paul's thoughts on how branding and investment focus helps drive opportunity for Bullpen

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Mar 13 2018

47mins

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Rank #17: 84. The Cap Table, Part 1 (John Buttrick & Sean Moran)

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John Buttrick of Union Square Ventures & Sean Moran of eshares joins Nick to cover The Cap Table, Part 1. We will address questions including: John, can you walk us through your background and how you became involved in venture capital Can you talk about your experience at USV and...

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Jun 01 2016

29mins

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Rank #18: 156. Chaos Capital, the new Micro VC Movement and LPs Chasing Hype (Chris Douvos)

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Chris Douvos, the Super LP, joins Nick to discuss Chaos Capital, the new Micro VC Movement and LPs Chasing Hype. In this episode, we cover:

  • How his mindset as an LP has evolved
  • Startups out of Standford vs Berkley and if the valley is over-fished
  • how the micro VC movement has changed
  • Chris' selection criteria and what he looks for in managers
  • Why he most often says no
  • The impact on LPs of companies staying private longer
  • Yhe impact of new LPs coming into venture on asset class
  • How the LP community interacts... adversarial, collaborative, competitive or othewise
  • The areas where Chris can grow most as an LP
  • and we wrap up w/ his thoughts on co-investment alongside GPs as well as follow-ons in later rounds

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Feb 07 2018

59mins

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Rank #19: 178. The Gen-Z Consumer, Real-Time Health Data, and Persistent Top Fund Returns (Cheryl Cheng)

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Cheryl Cheng of Blue Run Ventures joins Nick to discuss The Gen-Z Consumer, Real-Time Health Data, and Persistent Top Fund Returns. In this episode, we cover:

  • Cheryl's background in retail marketing and innovation while you were with Clorox and The Sharper Image.
  • How did that lead to your career in venture?
  • On your website it says, "WE HELP ENTREPRENEURS BUILD MAGICAL COMPANIES,"... how specifically do you help?
  • Talk to me about about the Gen-Z folks... this is part of your focus at BRV... what are the high-level characteristics of this coveted consumer segment?
  • Are founders adjusting their approach to tech to better serve this group?
  • How the evolution of mobile apps and real time data has influenced the health and consumer industries?
  • You recently spoke on a panel about acquisitions... can you talk a bit about what it takes to build a company that's well-positioned for an exit?
  • Talk to me about Equity Summit coming up in January... what is it, what was the genesis and what are you hoping to accomplish?
  • This year Prequin reported that BRV is one of the most consistently high performing firms in venture... I know that you've been at this for ten years now at Blue Run... what are some of the key factors that have led to your sustained success?
  • I came across your recent article on succession planning and it had me a bit worried... are you planning leaving the industry anytime soon?

Jan 03 2019

54mins

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Rank #20: 53. The Path to Series A, Part 1 (Semil Shah)

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Semil Shah of Haystack joins Nick to cover The Path to Series A, Part 1. We will address questions including: Can you walk us through your background and how you became involved in startup investing? Can you first talk about why you’ve written about the path to A in the...

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Nov 25 2015

28mins

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