501. Spotting the Next Big Thing, Why This Cycle Is Different, Acceptable vs Unacceptable Risk, and Why Duration Is a Feature Not a Bug (Jon Callaghan) episode artwork

EPISODE · Feb 2, 2026 · 1H 4M

501. Spotting the Next Big Thing, Why This Cycle Is Different, Acceptable vs Unacceptable Risk, and Why Duration Is a Feature Not a Bug (Jon Callaghan)

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

Jon Callaghan of True Ventures joins Nick to discuss Spotting the Next Big Thing, Why This Cycle Is Different, Acceptable vs Unacceptable Risk, and Why Duration Is a Feature Not a Bug. In this episode we cover: Spotting the Next Big Market and Reverse Engineering Success The Role of Curiosity and Risk in Venture Capital Duration as a Feature in Early-Stage Ventures The Importance of Repeat Founders and Founder Referrals The Creative Process and Learning from Other Creative Endeavors Maximizing Risk and Long-Term Thinking in Venture Capital The Role of People and Teamwork in Venture Capital Guest Links: Jon's LinkedIn Jon's X True Ventures' LinkedIn True Ventures' Website 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? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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501. Spotting the Next Big Thing, Why This Cycle Is Different, Acceptable vs Unacceptable Risk, and Why Duration Is a Feature Not a Bug (Jon Callaghan)

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This episode was published on February 2, 2026.

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Jon Callaghan of True Ventures joins Nick to discuss Spotting the Next Big Thing, Why This Cycle Is Different, Acceptable vs Unacceptable Risk, and Why Duration Is a Feature Not a Bug. In this episode we cover: Spotting the Next Big Market and...

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