• 6 minutes 17 seconds
    Investor Stories 495: Perseverance at Roofstock, Speed at Zero, Discovery at Anduril — Why These Founders Stand Out (Black, Chen, Fubini and Patel)

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

    • Ben Black of Akkadian Ventures
    • John Chen of Fika Ventures
    • Ross Fubini and Manish Patel of XYZ Venture Capital

    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.

    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.

    1 October 2026, 8:00 am
  • 55 minutes 6 seconds
    518. The Power of Founder Mafias, Why Venture is Bifurcating, and Lessons from Good Strategy, Bad Strategy (Ross Fubini and Manish Patel)

    Ross Fubini and Manish Patel of XYZ Venture Capital joins Nick to discuss The Power of Founder Mafias, Why Venture is Bifurcating, and Lessons from Good Strategy, Bad Strategy. In this episode we cover:

    • The Palantir Mafia Culture
    • Comparing Ramp and Palantir Cultures
    • Building Successful Partnerships
    • Google Alumni vs Palantir Alumni
    • Navigating AI Trends and Value
    • Underwriting Future Successes
    • The Evolution of Venture Capital Firms

    Guest Links:

    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.

    28 September 2026, 8:39 am
  • 4 minutes 27 seconds
    Investor Stories 494: Passing on Outliers, Misjudging Founder Quality, and Holding Too Tightly — Lessons from Notable, Superset, and Fika (Solomon, Vaidya, Chen)

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

    • Glenn Solomon of Notable Capital
    • Vivek Vaidya of super{set}
    • John Chen of Fika Ventures

    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.

    24 September 2026, 8:00 am
  • 6 minutes 23 seconds
    Investor Stories 493: Founder CEO Removal, Acquisition Pressure, and Co-Founder Conflict — Lessons from Investors at Volition, Notable, and Fika (Cheng, Solomon, Chen)

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

    • Larry Cheng of Volition Capital
    • Glenn Solomon of Notable Capital
    • John Chen of Fika Ventures

    We discuss major conflicts that guests have faced and how they resolved them.

    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.

    17 September 2026, 8:00 am
  • 48 minutes 19 seconds
    517. Fear and Greed in AI, The Rise of Kingmakers, and Is Seed the Sucker Round? (John Chen)

    John Chen of Fika Ventures joins Nick to discuss Fear and Greed in AI, The Rise of Kingmakers, and Is Seed the Sucker Round?. In this episode we cover:

    • Differences Between Bay Area and LA Founders
    • Lessons from Emergence and Building Fika
    • Investing in AI Native Services and Copilots
    • Challenges and Opportunities in Seed Investing
    • Founder Profiles and Career Paths

    Guest Links:

    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.

    14 September 2026, 8:00 am
  • 5 minutes 42 seconds
    Investor Stories 492: Best Questions from Grant Emery, Ben Black, and Glenn Solomon: Market Truths, Enduring Value, and Founder Conviction (Demaree, Black, Solomon)

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

    • Grant Demaree of Onebrief
    • Ben Black of Akkadian Ventures
    • Glenn Solomon of Notable Capital

    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.

    10 September 2026, 2:31 pm
  • 5 minutes 57 seconds
    Investor Stories 491: What Visionary Leaders at Jackpocket, Vercel, and Microsoft Do Differently(Peter Davis, Solomon, Vaidya)

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

    • Mark Peter Davis of Interplay
    • Glenn Solomon of Notable Capital
    • Vivek Vaidya of super{set}

    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.

    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.

    3 September 2026, 12:21 pm
  • 44 minutes 1 second
    516. AI Cost Structures and Pricing, Proprietary Data Sets That Create Moats, and a Clear Method for Determining Which Problem to Solve First (Vivek Vaidya)

    Vivek Vaidya of super{set} joins Nick to discuss AI Cost Structures and Pricing, Proprietary Data Sets That Create Moats, and a Clear Method for Determining Which Problem to Solve First. In this episode we cover:

    • Challenges and Considerations in Selling Companies
    • Building Companies and the Importance of Selling Ahead
    • Navigating AI-Native Products and Cost Structures
    • Valuation and Pricing of AI Companies
    • Data as a Moat in the AI Era
    • Distinguishing Between Frontier Labs and Startups
    • Open Source and Data Security in AI Products

    Guest Links:

    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.

    31 August 2026, 8:00 am
  • 6 minutes 30 seconds
    Investor Stories 490: Investors from Volition, Acadian Ventures, and Interplay Ventures on Building Competence, Operating Experience, and Investing with Purpose (Cheng, Black, Peter Davis)

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

    • Larry Cheng of Volition Capital
    • Ben Black of Akkadian Ventures and Powerlaw Corp
    • Mark Peter Davis of Interplay

    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.

    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.

    27 August 2026, 8:00 am
  • 5 minutes 8 seconds
    Investor Stories 489: Missing Airbnb, Zocdoc, and Prediction Markets — Lessons from the Deals Investors Passed On (Demaree, Peter Davis, Solomon)

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

    • Grant Demaree of Onebrief
    • Mark Peter Davis of Interplay
    • Glenn Solomon of Notable Capital

    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.

    20 August 2026, 8:00 am
  • 1 hour 1 minute
    515. 3 Multi-Billion-Dollar Exits in 1 Year, Lessons from Airbnb, HashiCorp, Slack, and Square, The VC Case for Staying Small, and the Battle Between Open-Weight vs. Closed Models (Glenn Solomon)

    Glenn Solomon of Notable Capital joins Nick to discuss 3 Multi-Billion-Dollar Exits in 1 Year, Lessons from Airbnb, HashiCorp, Slack, and Square, The VC Case for Staying Small, and the Battle Between Open-Weight vs. Closed Models. In this episode we cover:

    • Identifying Unique Investment Opportunities
    • The Impact of Fund Size on Investment Strategy
    • Challenges of Overfunding and Market Dynamics
    • Growth and Real Success in the AI Era
    • The Role of Hyperscalers and Frontier Labs
    • Public Market Sentiment and IPO Considerations
    • Future of Venture Capital and Notable's Strategy
    • Investing in Anthropic and Market Dynamics

    Guest Links:

    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.

    17 August 2026, 8:00 am
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