Nick Moran (New Stack Ventures) - Going from podcast to syndicate to fund, how he’s investing in founders outside major markets and the state of the current VC market

Our guest today is Nick Moran, General Partner of New Stack Ventures. New Stack's mission is to invest in the Outsiders. Nick is also the host of The Full Ratchet. We discuss why he’s bearish about Web 3 short term, how he thinks about deploying capital in this current market and how he thinks about long-term sustainability of a company when he invests. Without further ado, here’s Nick. Some of the questions I ask: You’re long Web 3, but during the short term you aren’t investing in it. Mind explaining your reasoning? How have you seen valuations change in companies that are outside silicon valley? Is it as drastic?What’s still overlooked when it comes to ecosystems outside the bay? How do you view this investing period? How do you think about deploying capital currently? Has this environment changed how you invest? How do you think about company sustainability, profitability vs. growth? What about consumer technology do you focus on in today’s environment? Walk us through your diligence process. What are the must-haves from a founding team? What’s your biggest piece of advice for new fund managers? Recently raised over $40 million for your latest fund. Why that amount specifically? What’s one thing you would change about venture capital? What’s one book that inspired you personally and one book that’s inspired you professionally?Can’t Hurt Me by David Gogans Who is Michael Ovitz? What’s one piece of advice for founders?

Om Podcasten

The Consumer VC takes a look into early-stage consumer investing and venture capital. If you are interested in learning about consumer trends, have a b2c business and interested in learning about the fundraising process at the early stage, you have come to the right place. Mike interviews some of the top venture capitalists in the world that focus on B2C and consumer type companies or have a deep track record investing in these categories such as marketplaces, SaaS, social, CPG and non-tech subscription. Mike also interviews founders that are building some of the most disruptive consumer facing companies in the world. The conversation usually includes the insight the founder discovered, fundraising strategy, and the pitch. This podcast also includes bonus episodes. Each bonus episode dives into a particular subject that might not have to due with the fundraise or venture capital, but still would be helpful to founders. For example, a bonus episode on brand strategy or how to construct a board of directors. All bonus episodes will be clearly labeled. For all episodes, please visit www.theconsumervc.com. For updates, you can follow @mikegelb on Twitter.