Investor Stories 440. The Questions That Expose True Alignment, How Founders Test Investors, and Why the Hard Ones Matter Most (Wang, Banks, Cohen)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified · Nov 13, 2025 · 5m

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

Casber Wang of Sapphire Ventures

Lara Banks of Makena Capital Management

David Cohen of Techstars

We asked guests to share the best question they've ever been asked by an allocator.

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.

We're proud to partner with Ramp, the modern finance automation platform. Book a demo and get $150—no strings attached.

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