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June 2, 2025 46 mins

Jeff Bussgang of Flybridge Capital joins Nick to discuss Calculating the Market Size for AI, Building an "Experimentation Machine," the Bull Case for Non-Technical Founders, and the Key to PMF in the AI Age. In this episode we cover:

  • Exits and Liquidity in Venture Capital
  • The Experimentation Machine and AI Opportunity
  • Evaluating AI Businesses and Founders
  • Challenges and Opportunities in AI Investing
  • Entrepreneurship Education and Startup Ecosystems
  • Product-Market Fit and Customer Discovery
  • Future of AI and Venture Capital

Guest Links:

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.

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You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter.

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