On this special segment of The Full Ratchet, the following Investors are featured:
- Laura Chau
- Mike Whitmire
- David Garcia
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.
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You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.
Transcribed with AI:
0:19
Welcome back to TFR on today’s special segment, we ask guests for the most important piece of advice that they’d share with folks early in their venture career. Here’s the segment called key advice.
0:36
On today’s special segment, we have Laura Cho of Canaan, Laura, if you could share one piece of advice with a young new investor, what would you tell them? It’s
0:44
a long game. Vendor is such a long game, and that is with your investment, surely with people. For a young investor, I would say, try not to get caught up in the hype, because these hype cycles come and go so quickly. There are only really a few decisions that really dictate the success of your career. And try to make those few decisions really, really well. And then for everything else you know, treat every founder, treat every investor, everyone you meet, with respect, with curiosity, because, again, it’s a long game, and you have no idea when and who will come up again in terms of, you know, an opportunity or something that could be really impactful to your career. Perfect.
1:38
On today’s special segment, we have Mike Whitmire of flocast, Mike, if you could share one piece of advice with a new founder, what would you tell them make sure
1:46
that you are comfortable with the founders you have. There are a lot of people where it’s, you kind of find a founder right before you start the company, and you are, it’s a big relationship that you’re gonna you’re gonna have some fights, you’re gonna have agreements, you have disagreements. Over the years, you’ll be working a lot together. I got really fortunate. My two co founders, our Chief Technology Officer, Cullen. I met him a month before starting the company, so that was a risk that we took, but it’s worked out really, really well. Third co founder, our Chief Product Officer, is his name’s Chris Ludy, and total opposite story. He and I went to college together. We majored in accounting. We had known each other for a really long time, but he had a he had background in the space. He knew accounting really well, very complimentary to what I had going on. And our founder dynamic is really great because of that. I’m a I’m a pretty fiery personality. I want it done yesterday. Let’s go, go, go get stuff done. Our CTO is very much like that as well. And with that, you know, you can have, sometimes you have head butting around all that Chris kind of sits in the middle of. This is a very calming influence. And so I would say, thinking about the dynamic of the team you’re pulling together, and I highly recommend co founders. I There are a lot of solo founders out there, and I do see that. But just the benefits of having people to bounce ideas off of. You have a lot of tough decisions to make and tough calls along the way. We’re really collaborative as a co founder group about that, so I would say I highly recommend a co founder for starters. And then when you’re finding the right one, it is just knowing that you’re effectively marrying this person for a period of time, and you want to make sure it’s the right
3:22
one. You on today’s special segment, we have David Garcia of digit, David, if you could share one piece of advice with a new founder, what would you tell them?
3:31
I would say that, to put it in a couple of ways, it’s never as bad as it seems. It’s never as good as it seems. You’re never that. You’re never as stupid as you think you are when things are going wrong or never as smart as you think you are when things are going good. And so I would say, enjoy the ride all along. It’s very like building a company is a privilege, and it’s something that you should be like. You should feel very fortunate about, very lucky about, but you should stay calm in both ups and downs. And it’s important to learn, to learn that that lesson, I would say,
4:08
that will conclude this installment of investor stories. If you’re enjoying the program and would like to see it continue, take a moment and leave a five star review in iTunes. Okay, that will wrap things up for today until next time over. Prepare, choose carefully and invest confidently. Thanks for joining me.
