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

Page: https://stenobird.com/podcast/the-full-ratchet
Text version: https://stenobird.com/podcast/the-full-ratchet.md
RSS feed: https://fullratchet.libsyn.com/rss
Official site: http://fullratchet.net
Author: Nick Moran
Episodes: 1000

## Resource

The podcast dedicated to demystifying Venture Capital. Nick Moran and Nate Pierotti interview VC's & Startup Founders and on how they build great technology startups.

## Machine-readable

JSON: https://stenobird.com/v1/public/podcasts/the-full-ratchet
Markdown: https://stenobird.com/podcast/the-full-ratchet.md

## Episodes
- [Investor Stories 474: Trusting Your Own Point of View, Why Conventional Wisdom Leads to Mediocrity, and Building a Personal Conviction Engine (Byunn, Levine, Dillon)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-474-trusting-your-own-point-of-view-why-conventional-wisdom-leads-to-mediocrity-and-building-a-personal-conviction-engine-byunn-levine-dillon) — 2026-05-07T08:00:00+00:00
- [Investor Stories 473: Speed at Legora, Intensity at Mysten, Mastery at Heights Labs — Why These Founders Stand Out (Effron, Austin, Simpson)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-473-speed-at-legora-intensity-at-mysten-mastery-at-heights-labs-why-these-founders-stand-out-effron-austin-simpson) — 2026-04-30T08:00:00+00:00
- [507. Consumer Retrenchment or Reallocation, AI Impact on GTM and Purchase Decisions, How to Balance Consumer Sentiment vs. Behavior, and Where Smaller Funds Win (Natalie Dillon)](https://stenobird.com/podcast/the-full-ratchet/507-consumer-retrenchment-or-reallocation-ai-impact-on-gtm-and-purchase-decisions-how-to-balance-consumer-sentiment-vs-behavior-and-where-smaller-funds-win-natalie-dillon) — 2026-04-27T08:00:00+00:00
- [Investor Stories 472: Think Big, Stay Patient, Earn Access — Venture Advice from Foresite, Mayfield, and Blue Moon (Tananbaum, Chaddha, Orthlieb)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-472-think-big-stay-patient-earn-access-venture-advice-from-foresite-mayfield-and-blue-moon-tananbaum-chaddha-orthlieb) — 2026-04-23T08:00:00+00:00
- [Investor Stories 471: Missing Great AI Bets, Losing Conviction, and Overweighting Founders — Lessons from Redpoint, a16z, and Outside VC (Effron, Austin, Simpson)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-471-missing-great-ai-bets-losing-conviction-and-overweighting-founders-lessons-from-redpoint-a16z-and-outside-vc-effron-austin-simpson) — 2026-04-16T08:00:00+00:00
- [506. Mirage PMF, What LLMs Will Take On and What They Will Avoid, Why Outcomes Will Shift Models from Software to Services, and How Pricing Playbooks Are Being Rewritten (Jake Saper)](https://stenobird.com/podcast/the-full-ratchet/506-mirage-pmf-what-llms-will-take-on-and-what-they-will-avoid-why-outcomes-will-shift-models-from-software-to-services-and-how-pricing-playbooks-are-being-rewritten-jake-saper) — 2026-04-13T08:00:00+00:00
- [Investor Stories 470: Passing on Uber, Perplexity, and Fintech's Breakout Winners — The Stories Behind the Misses (Orthlieb, Callaghan, Byunn)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-470-passing-on-uber-perplexity-and-fintech-s-breakout-winners-the-stories-behind-the-misses-orthlieb-callaghan-byunn) — 2026-04-09T08:00:00+00:00
- [Investor Stories 469: What Visionary Leaders at Pixxel, eToro, and Founders Fund Do Differently (Mohapatra, Banks, Orlovski)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-469-what-visionary-leaders-at-pixxel-etoro-and-founders-fund-do-differently-mohapatra-banks-orlovski) — 2026-04-02T08:00:00+00:00
- [505. The Ins and Outs of EquipmentShare's $6B IPO, The Construction Job Site in 10 Years, Where AI Thrives and Struggles to Solve Complex Problems, and Roll Ups in the VC Space (Willy Schlacks)](https://stenobird.com/podcast/the-full-ratchet/505-the-ins-and-outs-of-equipmentshare-s-6b-ipo-the-construction-job-site-in-10-years-where-ai-thrives-and-struggles-to-solve-complex-problems-and-roll-ups-in-the-vc-space-willy-schlacks) — 2026-03-30T08:00:00+00:00
- [Investor Stories 468: Selling Too Early, LP Pressure, and Investor Tension — Lessons from Investors at Foundry Group, Centana Growth, and Andreessen Horowitz (Levine, Byunn, Ulevitch)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-468-selling-too-early-lp-pressure-and-investor-tension-lessons-from-investors-at-foundry-group-centana-growth-and-andreessen-horowitz-levine-byunn-ulevitch) — 2026-03-26T08:00:00+00:00
- [Investor Stories 467: Investors from Techstars, Redpoint, and Andreessen Horowitz on Strategy, Writing, and Building an Edge in Venture (Cohen, Effron, Simpson)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-467-investors-from-techstars-redpoint-and-andreessen-horowitz-on-strategy-writing-and-building-an-edge-in-venture-cohen-effron-simpson) — 2026-03-23T08:00:00+00:00
- [Investor Stories 466: Jim Tananbaum, Eric Byunn, and Ben Orthlieb on the Questions LPs Should Be Asking (Tananbaum, Orthlieb, Byunn)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-466-jim-tananbaum-eric-byunn-and-ben-orthlieb-on-the-questions-lps-should-be-asking-tananbaum-orthlieb-byunn) — 2026-03-19T08:00:00+00:00
- [504. American Dynamism: The Future of U.S. Industrials, Backing Companies with Major Production Components, Manufacturing Sovereignty, and Why Space Dominance is Critical (David Ulevitch)](https://stenobird.com/podcast/the-full-ratchet/504-american-dynamism-the-future-of-u-s-industrials-backing-companies-with-major-production-components-manufacturing-sovereignty-and-why-space-dominance-is-critical-david-ulevitch) — 2026-03-16T08:00:00+00:00
- [Investor Stories 465: Pricing Too Late, Selling Too Early, Investing Too Fast — Hard Lessons from Top VCs (Ramanujam, Cohen, Orlovski)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-465-pricing-too-late-selling-too-early-investing-too-fast-hard-lessons-from-top-vcs-ramanujam-cohen-orlovski) — 2026-03-12T08:00:00+00:00
- [Investor Stories 464: Anti Portfolio Confessions: Missing Twilio, Zoom, DocuSign, MongoDB, and Solana (Austin, Simpson, Chaddha)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-464-anti-portfolio-confessions-missing-twilio-zoom-docusign-mongodb-and-solana-austin-simpson-chaddha) — 2026-03-09T08:00:00+00:00
- [Investor Stories 463: Selling Transformation Not Software, Managing Through Activists and Mergers, and Scaling Culture with Intent (Agarwal, Tananbaum, Cohen)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-463-selling-transformation-not-software-managing-through-activists-and-mergers-and-scaling-culture-with-intent-agarwal-tananbaum-cohen) — 2026-03-05T09:00:00+00:00
- [503. The Future of Fintech, If VC Growth Has Become a New Asset Class, and the Case For and Against Vertical Integration in the AI Age (Eric Byunn)](https://stenobird.com/podcast/the-full-ratchet/503-the-future-of-fintech-if-vc-growth-has-become-a-new-asset-class-and-the-case-for-and-against-vertical-integration-in-the-ai-age-eric-byunn) — 2026-03-02T09:00:00+00:00
- [Investor Stories 462: Study the Masters, Develop Your Own Eye, and Stop Outsourcing Conviction (Wang, Mohapatra, Banks)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-462-study-the-masters-develop-your-own-eye-and-stop-outsourcing-conviction-wang-mohapatra-banks) — 2026-02-26T09:00:00+00:00
- [Investor Stories 461: Feast and Famine in Crypto, When to Take the Off Ramp, and Evaluating Founder Temperament (Simpson, Chaddha, Orthlieb)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-461-feast-and-famine-in-crypto-when-to-take-the-off-ramp-and-evaluating-founder-temperament-simpson-chaddha-orthlieb) — 2026-02-23T09:00:00+00:00
- [Investor Stories 460: The Math Behind Venture Returns, When Sizing Matters More Than Selection, and Growth Over Discounts (Wallach, Okike, Banks)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-460-the-math-behind-venture-returns-when-sizing-matters-more-than-selection-and-growth-over-discounts-wallach-okike-banks) — 2026-02-19T09:00:00+00:00
- [502. A New Era For Venture: Dynamic Capitalism, Finding Alpha in the AI Cycle, Are Bubbles a Feature or a Bug, and Why the Future for America is Still Bright (Seth Levine)](https://stenobird.com/podcast/the-full-ratchet/502-a-new-era-for-venture-dynamic-capitalism-finding-alpha-in-the-ai-cycle-are-bubbles-a-feature-or-a-bug-and-why-the-future-for-america-is-still-bright-seth-levine) — 2026-02-16T09:00:00+00:00
- [Investor Stories 459: Inside the Best LP Questions: Getting Better Over Time, Building Networks, and Driving Outcomes (Effron, Austin, Simpson)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-459-inside-the-best-lp-questions-getting-better-over-time-building-networks-and-driving-outcomes-effron-austin-simpson) — 2026-02-12T09:00:00+00:00
- [Investor Stories 458: Anti Portfolio Lessons: Netflix by Mail, Palantir at the Wrong Price, and the Cost of Price Sensitivity (Madera, Bussgang, Orlovski)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-458-anti-portfolio-lessons-netflix-by-mail-palantir-at-the-wrong-price-and-the-cost-of-price-sensitivity-madera-bussgang-orlovski) — 2026-02-09T09:00:00+00:00
- [Investor Stories 457: Lessons for Early Career VCs: Fiduciary Mindset, Power Law Discipline, and Personal Edge (Dash, Okike, Hudson)](https://stenobird.com/podcast/the-full-ratchet/investor-stories-457-lessons-for-early-career-vcs-fiduciary-mindset-power-law-discipline-and-personal-edge-dash-okike-hudson) — 2026-02-05T09:00:00+00:00
- [501. Spotting the Next Big Thing, Why This Cycle Is Different, Acceptable vs Unacceptable Risk, and Why Duration Is a Feature Not a Bug (Jon Callaghan)](https://stenobird.com/podcast/the-full-ratchet/501-spotting-the-next-big-thing-why-this-cycle-is-different-acceptable-vs-unacceptable-risk-and-why-duration-is-a-feature-not-a-bug-jon-callaghan) — 2026-02-02T09:00:00+00:00

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