← The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
Listen to this episodeAll The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified episodes →
Investor Stories 470: Passing on Uber, Perplexity, and Fintech's Breakout Winners — The Stories Behind the Misses (Orthlieb, Callaghan, Byunn)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified · 2026-04-09 · 6 min
Episode notes
On this special segment of The Full Ratchet, the following Investors are featured: Ben Orthlieb of Blue Moon Jon Callaghan of True Ventures Eric Byunn of Centana Growth Each investor highlights a situation where they decided not to invest, why they passed, and how it played out. 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. We're proud to partner with Ramp, the modern finance automation platform. Book a demo and get $150—no strings attached. Want to keep up to date with The Full Ratchet?