Épisodes

  • Investor Stories 429. Focus and Discipline in Growth, The Dangers of Rules of Thumb, and Fighting Cynicism in Venture (Stevens, Patel, Shapiro)
    Sep 25 2025

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

    • Kevin Stevens of Energize Capital
    • Manish Patel of Nava Ventures
    • Craig Shapiro of Collaborative Fund

    We asked guests to tell the most important lesson they've learned in their career.

    The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

    We’re proud to partner with Ramp, the modern finance automation platform. Book a demo and get $150—no strings attached.

    Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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    7 min
  • 492. Prioritizing Monetization: Beautifully Simple Pricing, AI Models for Profitable Growth, and Guardrails for Freemium and Expansion Tiers (Madhavan Ramanujam)
    Sep 22 2025

    Madhavan Ramanujam of 49 Palms Ventures joins Nick to discuss Prioritizing Monetization: Beautifully Simple Pricing, AI Models for Profitable Growth, and Guardrails for Freemium and Expansion Tiers. In this episode we cover:

    • Scaling Innovation: A Sequel to Monetizing Innovation
    • Balancing Value and Price
    • Enterprise Adoption of Outcome-Based Models
    • Usage-Based Pricing and Cost Management
    • Strategic Advice for Different Startup Phases
    • Implementing Sub-Optimal Pricing Strategies
    • Nine Strategies to Architect Profitable Growth

    Guest Links:

    • Madhavan’s LinkedIn
    • Madhavan’s X

    The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

    We’re proud to partner with Ramp, the modern finance automation platform. Book a demo and get $150—no strings attached.

    Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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    48 min
  • Investor Stories 428. Trust and Integrity with LPs, What Churn Reveals About Founders, and Building True Differentiation (Ralston, Abel, Shen)
    Sep 18 2025

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

    • Rusty Ralston of Swell VC
    • Godard Abel of G2
    • Han Shen of iFly.vc

    We asked guests to share the best question they've ever been asked by an allocator.

    The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

    We’re proud to partner with Ramp, the modern finance automation platform. Book a demo and get $150—no strings attached.

    Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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    5 min
  • Investor Stories 427. Balancing Growth with Profitability, Why the Customer’s Pain Matters Most, and Lessons from Film Financing to Supply Chain (Jiang, Ruscio, Niehenke)
    Sep 15 2025

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

    • Kevin Jiang of Mangusta Capital
    • Joseph Ruscio of Heavybit
    • Alexander Niehenke of Scale Venture Partners

    We asked guests to describe the biggest change to their investment philosophy over the course of their career

    The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

    We’re proud to partner with Ramp, the modern finance automation platform. Book a demo and get $150—no strings attached.

    Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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    10 min
  • Investor Stories 426. Investor Regrets and Hard Calls: From Tax Credit Dependence to Saying No to Zoom (Hsieh, Delk, Hilaly)
    Sep 11 2025

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

    • Vince Hsieh
    • Ryan Delk
    • Aaref Hilaly

    Each investor highlights a situation where they decided not to invest, why they passed, and how it played out.

    The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

    Want to keep up to date with The Full Ratchet? Follow us on social.

    You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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    6 min
  • 491. How AI Reshapes LP Allocation Strategy, The Convergence of Venture and Buyout, and Permanent Shifts to Liquidity (Lara Banks)
    Sep 8 2025

    Lara Banks of Makena Capital Management joins Nick to discuss How AI Reshapes LP Allocation Strategy, The Convergence of Venture and Buyout, and Permanent Shifts to Liquidity. In this episode we cover:

    • Underwriting New Funds and Long-Term Partnerships
    • Criteria for Investment and Deal Breakers
    • Persistence in Venture and Brand Building
    • CO-Investments and Prepared Minds
    • Alignment and Strategy Drift
    • AI Market and Investment Opportunities
    • Secondaries as a Permanent Shift in Liquidity
    • Value Concentration and Allocation Strategies

    Guest Links:

    • Lara’s LinkedIn
    • Makena’s LinkedIn
    • Makena’s Website

    The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

    Want to keep up to date with The Full Ratchet? Follow us on social.

    You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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    36 min
  • Investor Stories 425. Don’t Rush the Process: Building Insights, Networks, and Patience Early in Your VC Career (Shen, Shapiro, Jiang)
    Sep 4 2025

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

    • Han Shen
    • Craig Shapiro
    • Kevin Jiang

    We asked guests for the most important piece of advice that they'd share with folks early in their venture career.

    The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

    Want to keep up to date with The Full Ratchet? Follow us on social.

    You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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    9 min
  • Investor Stories 424. The Unique Traits of Visionary Founders Backed by Gigascale, Heavybit & York IE (Schroepfer, Ruscio, York)
    Sep 1 2025

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

    • Mike Schroepfer
    • Joseph Ruscio
    • Kyle York

    We asked guests to discuss the most visionary founder that they've worked with and what makes them so special.

    The host of The Full Ratchet is Nick Moran of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.

    Want to keep up to date with The Full Ratchet? Follow us on social.

    You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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    6 min