Investor Stories 437. Why Founders Must Hold Their Ground, Why Investors Must Break Their Rules, and How Both Survive the Chaos (Binatti, Schroepfer, Ruscio)

This episode of TFR is brought to you by Ramp, the spend management platform we use here at TFR. They're offering listeners a $150 just to take a demo. We've never had an offer quite like this. Claim your $150 before this offer is gone at our partner link, ramp.com/partner/tfr. And this episode of TFR is brought to you by the American Arbitration Association, where smart startups and investors turn to for fast, efficient, and cost effective dispute resolution. Visit adr.org/tfr to learn more. Welcome to the podcast about venture capital, where investors and founders alike can learn how VCs make decisions and reach conviction. Your host is Nick Moran, and this is the full ratchet. Welcome back to TFR. On today's special segment, we ask guests for the most important piece of advice that they'd share with folks early in their venture career. Here's the segment called key advice. On today's special segment, we have Daniella Benacci of Pismo. Daniella, if you could share one piece of advice with a new founder, what would you tell them? I think it's it's as I said, it's very hard to build a company, but it's so it's important to be open and to listen to markets, to potential clients, to investors, but also it's important to, you know, to have the guts sometimes to stick with your position when there's something that you are not in agreement, especially with investors. Usually, again, investors are extremely important, but sometimes depending on the fund and depending on the business, they are not exactly specialists on what we are doing. So understanding what's the time to listen, to pivot, and to be humble to do what they are suggesting, it's important, but also sticking to what you feel is the most important step for your business, it's something that it's also important to have in mind. On today's special segment, we have Mike Schreepfer of GigaScale. Schreffer, if you could share one piece of advice with a young new investor, what would you tell them? One piece of advice. You know, I would say that you just really have to understand your your market and your team that you're going after when you're investing and realize that, you know, I think the math on investing is it's about a 100 to one reduction. So you're gonna beat a 100 companies before you invest in one. And there's kinda no getting around that math that you just need to meet a lot of teams and people and really calibrate, you know, your radar on what's a great market, what's a great team, and the best way to do that is by having having lots of repetitions, reps making your end go up. And so there's there's no getting around that, and so everyone has to do that. It's what we do too. You know, even though we get great introductions every day, we still meet a lot of companies. And so I think there's just …