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
Yeah, so if you extend the analogy to the big banks... Large banking institutions are mostly commodity products that are very low margin. I'd argue the same is true for the large venture firms. I'd actually maybe make one exception. I think the one exception for me would probably be Founders Fund.
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