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
Harry Stebbings
Starting on one element, you said about packaging up for different rounds. It reminded me of something you said to me before, which is, you know, essentially that venture is basically a Ponzi scheme. Why has venture turned into a Ponzi scheme, do you think, Nick?
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