The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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
Nick Chirls
There was no real art or creativity, very private equity, like finding the company, dressing it up a little bit, handing it off to the next guy. And I was about as unhappy as I was in 2021, as I was working at Lehman Brothers in 2007. The big firms have gotten huge. They have gigantic AUMs, as you know.
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