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

3315.313 - 3342.417 Nick Chirls

Right now, because they're so hot, I miss both Hugging Face and Runway at Pre-Seed, which is painful that both New York companies absolutely represent the thing I'm describing, which is they were building things before anyone actually cared. Great teams. To be fair on Hugging Face, it was like a very different business. I met them when they were a avatar app. So that one was a pivot.