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
So like I have this view that every particularly private asset class has its own version of a Ponzi scheme. The hedge fund Ponzi scheme. The hedge fund Ponzi scheme is you take a lot of money. You take an insane amount of risk. You double that money one year. You take your 20% of the bonus in cash. The next year it goes to zero and you don't have to give that money back.
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