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

478.11 - 498.195 Nick Chirls

You don't have to make a single dollar and you take 20% out of the capital raised and you put it in the pockets of mostly employees that work there. The other thing I would actually say is I've never understood why venture doesn't have a hurdle that exists in most other private asset classes. You can do reasonably well and not even do as well as the NASDAQ and the S&P and you're still making money.