159. The Pioneer of Post-Seed (Paul Martino)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified · Mar 13, 2018 · 47m

Paul Martino of Bullpen Capital joins Nick to discuss the emergence of the Post-Seed round. In this episode, we cover:

Why Paul passed on joining Mike Maples at Floodgate in order to start Bullpen

The product/market fit algorithm he developed for Mike

If the stages of funding are moving out or if there are just more of them

How Bullpen is differentiated

The metrics they require to engage with startups

How his quant background has helped make this subjective discipline more objective

The hardest aspect of developing new, young VCs

We discuss lack of innovation in the asset class

Why herd…