20VC: Why VC is a Ponzi Scheme Today | Why Most VCs are Bankers | Why Big VCs Ruin Startups | Why Incentives in VC are Broken | Why American Dynamism is a Tool for VCs to Raise Money with Nick Chirls, Asylum Ventures

2738.919 - 2761.449 Nick Chirls

I think there is a perception that you need to raise vast amounts of money to win. VCs are obviously incentivized for founders to think that or to be scared of that. Some ways it's a threat. And there's all sorts of weird incentives in the middle, right? It's I'm raising my fund. I need to show some markups. trying to get a promotion at a firm. I need my companies to raise money.