The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Why To Win in AI, Investors Need to Change Their Approach | Why VC is Run by Principals and Associates and is a Broken System | The Bull Case for Anthropic & Whether Deepseek Changes Their Strategy with Nabeel Hyatt @ Spark Capital
Nabeel Hyatt
And I think the industry today is run basically by principals, associates, and junior GPs. That incentive system is what we're all swimming in, which did not exist 20 years ago. Why does that matter? Because what does a principal want? Well, a principal is not actually waiting for an exit. They just want a promotion, man. Like they just want to move up the ladder.
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