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- 📶 Nick Moran (General Partner) @ New Stack Ventures on building influence within venture
📶 Nick Moran (General Partner) @ New Stack Ventures on building influence within venture
Becoming an insider, the solo capitalist movement, and why it's worth betting on talent outside of the hubs
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This week we had on Nick Moran (@TheFullRatchet) with New Stack Ventures.
New Stack is a Chicago-based funds that invests in outsiders. They aim to back pre-seed and seed founders working on problems within software, fintech, protech, healthcare, supply chain, and e-commerce. Nick is the managing partner of the fund, and he is also the founder and host of The Full Ratchet.
In this talk, we cover:
Becoming an insider in the venture game
The solo capitalist movement
Why it's worth betting on talent outside of the hubs
Some of the high-level takeaways from this talk:
"The best way to help companies in middle America is connecting them to decision makers on the coasts."
Teaching people is one of the highest-ROI things you can do.
If you’re an outsider, nobody wants to take your call. If you show up with a microphone and try to help promote insiders, the dynamic changes.
"You can build a fund on influence, but you can’t scale it on that."
Check out the full episode below:
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