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 · Jan 26, 2026 · 6m

On this special segment of The Full Ratchet, the following Investors are featured:

Paul Madera of Meritech Capital

Medha Agarwal of Defy

Jeff Bussgang of Flybridge Capital

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.

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