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

853.32 - 873.391 Harry Stebbings

I actually think that they've come in with such efficiency that actually they've made it so much harder for the existing pure seed players. They've increased price. They've increased supply. I think you will see returns significantly denigrate. We all saw 5x seed funds when our entry prices, Nick, were 12. Yeah? Well, when they're 25, we've just been hit to 2.5x. Totally disagree.