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
You go across the street to another bank and do it again. I think hedge funds are sort of a similar proposition. The private equity scam is like, we probably all know this is like you can invest in a company. It doesn't actually matter how well that company does. You can take a lot of money out of that company. And if it goes bankrupt, it doesn't matter.
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