<description>&lt;p&gt;&lt;!-- wp:paragraph --&gt;&lt;/p&gt; &lt;p&gt;&lt;span data-sheets-value= "{"1":2,"2":"On this special segment of The Full Ratchet, the following Investors are featured:"}" data-sheets-userformat= "{"2":2561,"3":{"1":0},"12":0,"14":{"1":2,"2":255}}"&gt; n this special segment of The Full Ratchet, the following Investors are featured:&lt;/span&gt;&lt;/p&gt; &lt;p&gt;&lt;!-- /wp:paragraph --&gt;&lt;!-- wp:list --&gt;&lt;/p&gt; &lt;ul class="wp-block-list"&gt;&lt;!-- wp:list-item --&gt; &lt;li&gt;David Ulevitch of Andreessen Horowitz&lt;/li&gt; &lt;!-- /wp:list-item --&gt;&lt;!-- wp:list-item --&gt; &lt;li&gt;Jake Saper of Emergence Capital&lt;/li&gt; &lt;!-- /wp:list-item --&gt;&lt;!-- wp:list-item --&gt; &lt;li&gt;Sandesh Patnam of Premji Invest&lt;/li&gt; &lt;!-- /wp:list-item --&gt;&lt;/ul&gt; &lt;p&gt;&lt;!-- /wp:list --&gt;&lt;!-- wp:paragraph --&gt;&lt;/p&gt; &lt;p&gt;Each investor highlights a situation where they decided not to invest, why they passed, and how it played out.&lt;/p&gt; &lt;p&gt;&lt;!-- /wp:paragraph --&gt;&lt;!-- wp:paragraph --&gt;&lt;/p&gt; &lt;p&gt;The host of The Full Ratchet is &lt;a href= "https://a99e9542.streaklinks.com/Ckv-y7jGxtU16tHcaw6dRG8I/https%3A%2F%2Fwww.linkedin.com%2Fin%2Fnick-moran-a738503%2F" target="_blank" rel="noreferrer noopener"&gt;Nick Moran&lt;/a&gt; of &lt;a href= "https://a99e9542.streaklinks.com/Ckv-y7XmJjj45VneOwZrT-cw/https%3A%2F%2Fwww.newstack.com%2F" target="_blank" rel="noreferrer noopener"&gt;New Stack Ventures&lt;/a&gt;, a venture capital firm committed to investing in founders outside of the Bay Area.&lt;/p&gt; &lt;p&gt;&lt;!-- /wp:paragraph --&gt;&lt;!-- wp:paragraph --&gt;&lt;/p&gt; &lt;p&gt;We're proud to partner with &lt;strong&gt;Ramp&lt;/strong&gt;, the modern finance automation platform. &lt;a href= "https://a99e9542.streaklinks.com/Ckv-y7j4OLXDOmCUWQ-un5xB/https%3A%2F%2Framp.com%2Fpartners%2Ftfr" target="_blank" rel="noreferrer noopener"&gt;Book a demo&lt;/a&gt; and get &lt;strong&gt;$150—no strings attached&lt;/strong&gt;.  &lt;/p&gt; &lt;p&gt;&lt;!-- /wp:paragraph --&gt;&lt;!-- wp:paragraph --&gt;&lt;/p&gt; &lt;p&gt;Want to keep up to date with The Full Ratchet? &lt;a href= "https://a99e9542.streaklinks.com/Ckv-y7jsrD1_WmA14wvppxR1/https%3A%2F%2Flinktr.ee%2Ftfr_pod" target="_blank" rel="noreferrer noopener"&gt;Follow us on social&lt;/a&gt;. You can learn more about New Stack Ventures by visiting our &lt;a href= "https://a99e9542.streaklinks.com/Ckv-y7rFRXfgaCQIQQUGdF5U/http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnew-stack-ventures%2F" target="_blank" rel= "noreferrer noopener"&gt;LinkedIn&lt;/a&gt; and &lt;a href= "https://a99e9542.streaklinks.com/Ckv-y7jFxSHfla7LAgqXiccz/https%3A%2F%2Ftwitter.com%2Fnewstackvc" target="_blank" rel="noreferrer noopener"&gt;Twitter&lt;/a&gt;.&lt;/p&gt;</description>

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

Nick Moran

Investor Stories 477: Why VCs Passed on Figma, ClickUp, Uber, Pinterest, Okta, DoorDash, and Anthropic: Lessons from Investor Anti Portfolios (Ulevitch, Saper, Patnam)

MAY 28, 20267 MIN
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

Investor Stories 477: Why VCs Passed on Figma, ClickUp, Uber, Pinterest, Okta, DoorDash, and Anthropic: Lessons from Investor Anti Portfolios (Ulevitch, Saper, Patnam)

MAY 28, 20267 MIN

Description

n this special segment of The Full Ratchet, the following Investors are featured: David Ulevitch of Andreessen Horowitz Jake Saper of Emergence Capital Sandesh Patnam of Premji Invest 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. 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.