---
title: "The Full Ratchet Podcast: A 20 Year Evolution of Venture Capital, Growing a Firm with Zero Investments in Silicon Valley, and the Multi-Stage Fund Reckoning"
description: The host of The Full Ratchet is Nick Moran, General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.
---

[Edison Blog | Insights for Growth Stage Technology Companies ](https://www.edisonpartners.com/blog)

# [The Full Ratchet Podcast: A 20 Year Evolution of Venture Capital, Growing a Firm with Zero Investments in Silicon Valley, and the Multi-Stage Fund Reckoning](https://www.edisonpartners.com/blog/the-full-ratchet-podcast-20-year-evolution-of-venture-capital-growing-a-firm-with-zero-investments-in-silicon-valley-and-the-multi-stage-fund-reckoning)

 Written by [Chris Sugden](https://www.edisonpartners.com/blog/author/chris-sugden) | 11/14/2022

Chris Sugden of Edison Partners joins Nate to discuss The 20 Year Evolution of Venture Capital, Growing a Firm with Zero Investments in Silicon Valley, and the Multi-Stage Fund Reckoning. In this episode we cover:

- Investing Outside Silicon Valley and Silicon Alley
- Comparing Boom and Bust Cycles
- How to Decide Between Growth Equity and Venture Capital
- And more!

*The host of The Full Ratchet is [Nick Moran](https://www.linkedin.com/in/nick-moran-a738503/), General Partner of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.*

[View full post](https://www.edisonpartners.com/blog/the-full-ratchet-podcast-20-year-evolution-of-venture-capital-growing-a-firm-with-zero-investments-in-silicon-valley-and-the-multi-stage-fund-reckoning)

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