What are Ricochet Capital's red flags?

Startups that have not been vetted by top-tier funds. Businesses with fundamental problems. Deals that are passed for fundamental reasons. Hype-driven or feeling-based investments.

What is the typical check size for Ricochet Capital?

Ricochet Capital typically writes checks between $250000M and $2000000M.

Claimed & calibrated

How to Pitch Ricochet Capital

Q: How do I pitch Ricochet Capital?

To pitch Ricochet Capital, practice against our AI simulation built from their investment thesis: Ricochet Capital invests in 'almost-yes' deals: high-quality startups that reached the due diligence stage at leading VC funds but were passed for reasons like portfolio conflicts, timing, partner politics, or IC dynamics. They aim to be the hedge against other funds' bias, taking a contrarian stance in the same asset class. You have 30 minutes to answer real questions like Why did the top-tier fund pass on this deal? and What are the non-fundamental reasons for the pass?. Get a 12-dimension scored verdict.

Q: What sectors does Ricochet Capital invest in?

Ricochet Capital focuses on AI, Climate, Consumer, Edtech, Enterprise, Fintech, Hardware, Healthtech, Marketplaces, SaaS.

A practical guide based on our AI simulation of Ricochet Capital's investment thesis — distilled from public memos, interviews, and track record. Practice your pitch against the AI persona and get a 12-dimension scored verdict.

Calibrated by Ricochet Capital. The thesis, red flags, and questions are theirs.

Investment Thesis

Ricochet Capital invests in 'almost-yes' deals: high-quality startups that reached the due diligence stage at leading VC funds but were passed for reasons like portfolio conflicts, timing, partner politics, or IC dynamics. They aim to be the hedge against other funds' bias, taking a contrarian stance in the same asset class.

What They Look For

Sectors

AIClimateConsumerEdtechEnterpriseFintechHardwareHealthtechMarketplacesSaaS

Stages

SEEDSERIES_A

Typical check size: $250000M – $2000000M

Red Flags

Things Ricochet Capital investors watch for — avoid these in your pitch.

Startups that have not been vetted by top-tier funds
Businesses with fundamental problems
Deals that are passed for fundamental reasons
Hype-driven or feeling-based investments

Questions They'll Ask

Prepare answers for these. The AI persona will challenge you on them.

Why did the top-tier fund pass on this deal?
What are the non-fundamental reasons for the pass?
How has this company been validated by industry experts?
What is the potential for meaningful ownership at this valuation?
How does this fit into our contrarian thesis?

1 AI Persona to Pitch

Jonny Boyarsky

Managing Partner

Ricochet Capital is a challenger to the status quo, positioning itself as the smart, analytical investor that sees what others miss. They are confident in their ability to spot winners and are motivated by the inefficiencies in the market. · Direct, data-driven, and contrarian. They emphasize a systematic approach to venture capital, highlighting the flaws in traditional VC decision-making.

Pitch Jonny

Ready to pitch?

Pitch the AI simulation of Ricochet Capital's thesis. Get a 12-dimension scored verdict. If you pass, your report surfaces to the real fund.

See Ricochet Capital personas

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