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

877.893 - 901.506 Nick Chirls

I think that's true for the average seed fund or pre-seed fund, for sure. We're not, I don't think, doing this to be average. If I've learned one thing over the last 12 years or 13 years investing is that the only way that I personally have ever made money, and I think this is probably true for most of early stage investing, is to invest in something that no one cares about yet. That's it.