512. Is SpaceX Over or Undervalued, Why Consensus Kills, How Chewy Beat Amazon, and the GameStop Saga from a Board Member (Larry Cheng)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified · Jul 6, 2026 · 42m

Larry Cheng of Volition Capital joins Nick to discuss Is SpaceX Over or Undervalued, Why Consensus Kills, How Chewy Beat Amazon, and the GameStop Saga from a Board Member. In this episode we cover:

E-commerce and AI-Driven Era

GameStop's Transformative Moves

SpaceX's Market Cap and Future Value

AI and Software Industry

Impact of AI on Jobs and Companies

Volition Capital's Investment Thesis

Investor Mindset and Risk Management

Board Management and Advice for Founders

Guest Links:

Larry's LinkedIn

Larry's X

Volition's LinkedIn

Volition's Website

The host of The Full Ratchet is Nick Moran of New…