Nick Moran on Investing in Outsiders and Lessons from The Full Ratchet

I am excited to have Nick Moran, the founder and General Partner of New Stack Ventures. In addition to investing, Nick founded the 1st Venture Capital podcast, The Full Ratchet. In this episode, Nick Moran, founder and General Partner of NewStack Ventures, shares his journey from mergers and acquisitions at Danaher to pioneering venture capital podcasting with The Full Ratchet. Nick delves into the challenges of transitioning to VC, the importance of investing in "outsiders," and the long feedback cycles of venture investing. He discusses evaluating founders, the shift toward AI-first companies, navigating SaaS market corrections, and much more! Timestamps Nick’s Background (1:15) Learning from PE at Danaher (3:30) Challenges in Transitioning to VC (5:10) Timeline for Success in VC (7:00) Challenges for Non-Silicon Valley Founders (9:15) Outsider Investing (11:45) Opportunistic vs. Strategic Investments (13:40) Expertise vs. Tech Knowledge in Founders (15:20) Younger vs. Experienced Founders (17:10) AI and Venture Trends (19:30) SaaS Valuations and Market Adjustments (21:15) . Impact of Potential Market Changes (23:00) Founder vs. Market Priority (24:50) Timing for Selling Positions (27:30) Misalignment Between VCs and Founders (29:45) Future of VC Industry (31:30) Advice for Emerging Managers (34:15) Podcasting as a VC Tool (36:50) Challenges of Podcasting (39:15) Nick’s Links  LDN– https://www.linkedin.com/in/nick-moran-a738503/ Website –  https://www.newstack.com/ My Links  Podcast: https://lifeselfmastery.com/itunes YouTube:  youtube.com/lifeselfmastery Twitter: https://twitter.com/rohitmal LinkedIn: https://www.linkedin.com/in/rohit857/ 5-day email course: www.enterprisesalesexpertise.com