Investor Stories 460: The Math Behind Venture Returns, When Sizing Matters More Than Selection, and Growth Over Discounts (Wallach, Okike, Banks) episode artwork

EPISODE · Feb 19, 2026 · 5 MIN

Investor Stories 460: The Math Behind Venture Returns, When Sizing Matters More Than Selection, and Growth Over Discounts (Wallach, Okike, Banks)

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

On this special segment of The Full Ratchet, the following Investors are featured: D.A. Wallach of Time BioVentures Nnamdi Okike of 645 Ventures Lara Banks of Makena Capital Management We asked guests to tell the most important lesson they've learned in their career. 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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Investor Stories 460: The Math Behind Venture Returns, When Sizing Matters More Than Selection, and Growth Over Discounts (Wallach, Okike, Banks)

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This episode was published on February 19, 2026.

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On this special segment of The Full Ratchet, the following Investors are featured: D.A. Wallach of Time BioVentures Nnamdi Okike of 645 Ventures Lara Banks of Makena Capital Management We asked guests to tell the most important lesson...

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