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

Nick Moran
Venture Capital
Legacy Industries
Startups
Rarebreed Ventures
Entrepreneurship
RTP Global
Logistics
Investment Strategies
Teal Book
Series A
Supply Chain
Procurement
Digital Transformation
Fundraising
Technology Startups
Funding For Minority Founders
Investor Advice
Healthcare
Women’s Healthcare
Social Impact

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.

PublishesTwice weeklyEpisodes995Founded12 years ago
Number of ListenersCategories
BusinessInvestingTechnology

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Artwork for The Full Ratchet

Latest Episodes

On this special segment of The Full Ratchet, the following Investors are featured:

• Ben Orthlieb of Blue Moon

• Jon Callaghan of True Ventures

• Eric Byunn of Centana Growth

Each investor highlights a situation where they decided not to inves... more

On this special segment of The Full Ratchet, the following Investors are featured:

• Hemant Mohapatra of Lightspeed India

• Lara Banks of Makena Capital Management

• Victor Orlovski of R136 Ventures

We asked guests to discuss the most visionar... more

Willy Schlacks of EquipmentShare joins Nick to discuss 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. In this episode we cov... more

On this special segment of The Full Ratchet, the following Investors are featured:

• Seth Levine of Foundry

• Eric Byunn of Centana Growth

• David Ulevitch of Andreessen Horowitz

We discuss major conflicts that guests have faced and how they r... more

Key Facts

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Recent Guests

Willy Schlacks
Co-founder and president of EquipmentShare, construction technology and equipment rental entrepreneur
EquipmentShare
Episode: 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)
Eric Byunn
Partner, Centana Growth
Centana Growth
Episode: 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)
Jacob Effron
Partner at Redpoint, venture investor with a focus on building venture traction
Redpoint
Episode: Investor Stories 467: Investors from Techstars, Redpoint, and Andreessen Horowitz on Strategy, Writing, and Building an Edge in Venture (Cohen, Effron, Simpson)
David Ulevitch
General Partner at Andreessen Horowitz, leads the American Dynamism Practice
Andreessen Horowitz
Episode: 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)
Victor Orlovski
Investor; founder/partner at R136 Ventures
R136 Ventures
Episode: Investor Stories 465: Pricing Too Late, Selling Too Early, Investing Too Fast — Hard Lessons from Top VCs (Ramanujam, Cohen, Orlovski)
Ethan Austin
Guest sharing anti-portfolio stories; founder/partner at Outside VC
Outside VC
Episode: Investor Stories 464: Anti Portfolio Confessions: Missing Twilio, Zoom, DocuSign, MongoDB, and Solana (Austin, Simpson, Chaddha)
Arianna Simpson
General Partner describing missed opportunities and learning moments
Andreessen Horowitz
Episode: Investor Stories 464: Anti Portfolio Confessions: Missing Twilio, Zoom, DocuSign, MongoDB, and Solana (Austin, Simpson, Chaddha)
Isaac Saldana
Founder at Syngrid, featured in the segment on values
Syngrid (Decimr)
Episode: Investor Stories 463: Selling Transformation Not Software, Managing Through Activists and Mergers, and Scaling Culture with Intent (Agarwal, Tananbaum, Cohen)
DA Wallach
Investor at Time BioVentures
Time BioVentures
Episode: Investor Stories 460: The Math Behind Venture Returns, When Sizing Matters More Than Selection, and Growth Over Discounts (Wallach, Okike, Banks)

Host

Nick Moran
Host of the show and an experienced venture capitalist, Nick Moran brings insights from his career in venture capital and startup investment.

Reviews

4.9 out of 5 stars from 337 ratings
  • A Must-Listen for Founders and Investors

    The Full Ratchet with Nick Moran delivers insightful conversations with top VCs, founders, and industry leaders. Each episode, like the one with Manish Patel, offers actionable advice on scaling companies, adopting AI, and building products that matter. If you're looking to sharpen your investment or entrepreneurial mindset, this podcast is a goldmine of wisdom. Highly recommend!

    Apple Podcasts
    5
    Anna [SOP]
    United Statesa year ago
  • The Show I Needed

    It is difficult to find informative and educational podcasts out there that help founders and investors peak behind the curtain to see what the VC world is like. I highly recommend this show to anyone wanting to learn more about this space.

    Apple Podcasts
    5
    JoeWhite90
    United States2 years ago
  • Super solid podcast

    Informative, check it out for yourself.

    Apple Podcasts
    5
    Keltheceo
    United States2 years ago
  • 10/10!

    Great show, the tips and insights are soooo valuable! I highly recommend!

    Apple Podcasts
    5
    Claribelleee
    Philippines3 years ago
  • The Definitive Podcast about Angel and Venture Investing

    Nick Moran has done a truly remarkable job in creating and producing a consistently interesting and useful series that has become the contemporaneously historical record of the industry. His audience of the world’s leading angels and VCs listen to it religiously to keep up with people, funds and trends in the industry, and I’ve lost count of the number of times that I have followed up with business deals based on guests he has interviewed. If you want to truly know what is happening in the start... more

    Apple Podcasts
    5
    Closet Reader
    United States4 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Many emphasize the actionable insights provided, highlighting the show's value for both founders and investors.
The educational aspect is appreciated, with many stating it enhances their understanding of the venture capital landscape.
Feedback often reflects a strong appreciation for the depth and quality of the guest interviews, marking them as engaging and informative.
Listeners describe the podcast as a "must-listen" for anyone interested in venture capital and startup investing.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

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)
Q: What was the biggest difference between how public market investors evaluated EquipmentShare versus private markets?
Public investors pressed for deeper, more rigorous analysis focused on fundamentals and scalability, while private investors tended to be more variable, oscillating between risk-on and risk-off moods, though some long-horizon investors existed.
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)
Q: How do fiduciary responsibilities shape exit decisions for venture funds?
Funds must consider the fiduciary duties to LPs and the institutions that provide capital, balancing the desire to maximize returns with the obligation to act in the best financial interest of those entities involved in the fund.
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)
Q: What is the core issue that often triggers conflicts over exits?
Misalignment on when and how to sell, with investors sometimes pushing for a quicker exit while management seeks longer-term upside, and even disagreements among investors about which path to take; the remedy is upfront acknowledgment of biases and transparent thinking about motives.
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)
Q: What's your take on the current expectations for AI companies with aggressive growth rates?
Eric believes traditional high-growth models can still succeed despite current trends favoring explosive growth.
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)
Q: What do you think you and Centana do differently than other firms?
Eric points out their historical focus on financial services innovation and a deliberate network of connectivity with industry experts.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About The Full Ratchet

What is The Full Ratchet about and what kind of topics does it cover?

Focusing on the often complex world of venture capital, this podcast features discussions with seasoned investors, startup founders, and industry leaders who share insights, strategies, and personal stories about venture investing. Topics frequently cover investment philosophies, innovative technologies, and the unique attributes of successful entrepreneurs, providing listeners with a comprehensive look at the nuances of building and financing startups in today's market. A standout feature is the blend of educational insights with real-life anecdotes, making it a valuable resource for anyone interested in the startup ecosystem or looking to improve their investment acumen.

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How many episodes of The Full Ratchet are there?

The Full Ratchet launched 12 years ago and published 995 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact The Full Ratchet?

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What guests have appeared on The Full Ratchet?

Recent guests on The Full Ratchet include:

1. Willy Schlacks
2. Eric Byunn
3. Jacob Effron
4. David Ulevitch
5. Victor Orlovski
6. Ethan Austin
7. Arianna Simpson
8. Isaac Saldana

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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