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

Ann Winblad joins Nick on The Full Ratchet to discuss the stages of fundraising including: We often hear financings referred to as Seed, Series A, Series B, etc.  Can you start us off with a general overview of the stages, the amounts being raised and the average post-money valuations at each? What...   To listen more, please visit  http://fullratchet.net/podcast-episodes/ for all of our other epi...

Bill Payne joins Nick on The Full Ratchet to discuss the Convertible Note including: What is a Convertible Note? What are it's key elements and terms that are often negotiated? When did convertibles first begin to be used and why? Can you explain how the cap, discount and interest rate work? Can...   To listen more, please visit  http://fullratchet.net/podcast-episodes/ for all of our other episod...

Glenn Gottfried joins Nick on The Full Ratchet to discuss early-stage advising including: When you first engage, where are startups at in the fundraising process? Let's start with "The Where"…  Where do you find startups with strong-potential? Once you've identified a startup, what happens next in the initial engagement process? What is...   To listen more, please visit  http://fullratchet.net/pod...

Gabriel Weinberg joins Nick on The Full Ratchet to discuss why most startups fail including: Many talk about how startups fail b/c of product or building a product.  You believe that the main source for startup failure, is for a different reason.  Tell us what that is. You've noted five mistakes that contribute...   To listen more, please visit  http://fullratchet.net/podcast-episodes/ for all of...

Brad Feld joins Nick on The Full Ratchet to discuss the Term Sheet including: Economic Terms: Valuation Liquidation preference:  preference and participation Pay-to-play Vesting Employee pool and/or the option pool Anti-dilution Control Terms: Board of Directors & Board Observers Protective Provisions Drag-Along Agreement Conversion Itunes:  http://bit.ly/XDVSZR   Direct-audio:  http://bit.ly/1sb4...

Jeffrey Carter (part 2) where we finish the discussion on Valuation and also address ethics, and the Midwest Venture Environment.  Key Takeaways: I wanted to highlight a few...   Itunes:  http://bit.ly/1qL2Uce   Direct-audio:  http://bit.ly/1s1sebY   SoundCloud:   http://bit.ly/1HnmAez Guest Links: Hyde Park Angels, West Loop Ventures, Points and Figures Blog, Points and Figures Tumblr   To listen...

Jeffrey Carter  joins Nick on The Full Ratchet to discuss Valuation, including: Why is the valuation and price/share a critical deal term for investors to be well-informed about? What is the difference between a pre-money and post-money valuation and can you give us an example that illustrates what each would be...   To listen more, please visit  http://fullratchet.net/podcast-episodes/ for all of...

Michael Gruber joins Nick on The Full Ratchet to discuss Angel Groups, including: What is an angel group? What are the key functions of the Angel Group Leader or Coordinator? What value does an angel group provide to its investors? When investments are made, how are they typically organized? We've discussed...   To listen more, please visit  http://fullratchet.net/podcast-episodes/ for all of our...

Charlie O'Donnell joins Nick on The Full Ratchet to discuss dealflow, including: What does the term "dealflow" mean? How do you find great startups?  Where are your main sources for dealflow and what is the percentage from each? Where do you tend to find the most startups in which you eventually...   To listen more, please visit  http://fullratchet.net/podcast-episodes/ for all of our other episod...

George Deeb joins Nick on the Full Ratchet to discuss investment criteria & evaluation of startups including: What key questions should a startup be able to answer, that precedes evaluation (ie. If a start-up can't answer these questions, don't waste your time evaluating)? At a high-level, what are the categories...   To listen more, please visit  http://fullratchet.net/podcast-episodes/ for all o...

Howard Tullman joins Nick to cover key players in the Startup Ecosystem, including: Fund-of-Funds Placement Agents Fundraise Brokers Funding Platforms Accelerators Incubators Colocs / Co-working / Startup Hubs Media, Information & Event Outlets Itunes:  http://bit.ly/1nEPV5v Direct-audio:   http://bit.ly/TjVnBo SoundCloud:  http://bit.ly/1L7mR4R             Guest links: Perspiration Principle Book...

David S. Rose joins Nick in the third episode of The Full Ratchet to cover: Accreditation.  What is it?  How to get it?  Is it necessary? What are opportunities for the non-accredited currently and in the near-future? What's the difference between an Angel and a VC? Characteristics required to be...   To listen more, please visit  http://fullratchet.net/podcast-episodes/ for all of our other episo...

Chris Yeh joins Nick on The Full Ratchet to discuss Venture Capital…  Angels, Funds & Entrepreneurs including:   What is venture capital? Where does venture capital fit as an asset class? What is the standard time it takes to get a return? How is it similar to & different from...   To listen more, please visit  http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us...

In the first episode of The Full Ratchet, Nick covers: Why he's doing the podcast What will be covered on the show and What listeners can expect Itunes:   http://bit.ly/1lwoSvj Direct-Audio:  http://bit.ly/1iCjSGc      To listen more, please visit  http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter  @ TheFullRatchet  for updates and more information.