The Full Ratchet: Vc | Venture Capital | Angel Investors | Startup Investing | Fundraising | Crowdfunding | Pitch | Private E

Check Warner of Ada Ventures joins Nick to discuss Structural Disadvantages in Venture, Investing in the "Overlooked," and Open-Sourcing the VC Fund Raise and Investment Playbook. In this episode, we cover: Background / Path to Venture The thesis at Ada Ventures Is it tough getting the up-rounds from Tier 1 VCs when the profile of the founders doesn't look like the standard, obvious profile that's been funded for the past couple of decades? You look for founders and markets that have been mis-priced… what are the three that you believe to be underpriced? Novel scout program -- how many scouts and who are they? How did you recruit them and how are they incentivized? Talk about your recent fundraise… How did you determine how much to raise? Walk us through the timeline of the fundraise. What resonated most w/ LPs? What was the biggest surprise? How did you create urgency and get LPs to move from a maybe to a yes? What will you do differently next time? You and I have discussed your seed investing framework