The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified cover image

Investor Stories 455: Lessons Learned: Building Investment Criteria, Missing HubSpot, and Staying True to Your Model (Madera, Agarwal, Bussgang)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

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Passing on HubSpot and a missed opportunity

Paul Madera recounts passing on a HubSpot-like opportunity based on efficiency metrics and later regretting it.

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