Nick Chirls

You mentioned Doug Leone. I do believe there is value in having a really trusted partner or people around the table for a founder to make good decisions both for the company and financial decisions. Now, that doesn't just need to be VCs, by the way. That can be other founders. That can be independent board members. But it can sometimes be VCs, right? It can be Doug Leone.

You mentioned Doug Leone. I do believe there is value in having a really trusted partner or people around the table for a founder to make good decisions both for the company and financial decisions. Now, that doesn't just need to be VCs, by the way. That can be other founders. That can be independent board members. But it can sometimes be VCs, right? It can be Doug Leone.

You mentioned Doug Leone. I do believe there is value in having a really trusted partner or people around the table for a founder to make good decisions both for the company and financial decisions. Now, that doesn't just need to be VCs, by the way. That can be other founders. That can be independent board members. But it can sometimes be VCs, right? It can be Doug Leone.

I think one of the most important, we talked about this earlier. I think one of the most important pieces is there's a financial component to venture. And I think there's a trust component to venture. I think having a track record of building real trust with founders is extraordinarily valuable to you and to the founder. Now it's really hard to pitch trust actually, right?

I think one of the most important, we talked about this earlier. I think one of the most important pieces is there's a financial component to venture. And I think there's a trust component to venture. I think having a track record of building real trust with founders is extraordinarily valuable to you and to the founder. Now it's really hard to pitch trust actually, right?

I think one of the most important, we talked about this earlier. I think one of the most important pieces is there's a financial component to venture. And I think there's a trust component to venture. I think having a track record of building real trust with founders is extraordinarily valuable to you and to the founder. Now it's really hard to pitch trust actually, right?

Like whenever you hear someone being like, just trust me, you're like, holy fuck, I'm not going to trust this person. Right. Like the just trust me is terrifying. In other words, it's hard. It's much easier to say, look at our team. We have 100 business development executives here. It's much it's much harder to say, like, you should work with me because I'm highly trusted.

Like whenever you hear someone being like, just trust me, you're like, holy fuck, I'm not going to trust this person. Right. Like the just trust me is terrifying. In other words, it's hard. It's much easier to say, look at our team. We have 100 business development executives here. It's much it's much harder to say, like, you should work with me because I'm highly trusted.

Like whenever you hear someone being like, just trust me, you're like, holy fuck, I'm not going to trust this person. Right. Like the just trust me is terrifying. In other words, it's hard. It's much easier to say, look at our team. We have 100 business development executives here. It's much it's much harder to say, like, you should work with me because I'm highly trusted.

We're going to do the right thing. And that's really important. Like, it's not as good of a soundbite. I also think it's a way to just not do the work. Like, just don't bother me. You know, you need some help with like a BD thing. Don't bother me. Go talk to the BD people.

We're going to do the right thing. And that's really important. Like, it's not as good of a soundbite. I also think it's a way to just not do the work. Like, just don't bother me. You know, you need some help with like a BD thing. Don't bother me. Go talk to the BD people.

We're going to do the right thing. And that's really important. Like, it's not as good of a soundbite. I also think it's a way to just not do the work. Like, just don't bother me. You know, you need some help with like a BD thing. Don't bother me. Go talk to the BD people.

In my experience, actually, it's a smaller percentage that actually destroy. When I think about... lots of VCs in the community that we work with, like there's not a long list of folks where I'm like, oh, this person is going to be like dangerous to the company. I actually think the biggest issue is just not caring. That's the thing that actually bothers me. They just don't care.

In my experience, actually, it's a smaller percentage that actually destroy. When I think about... lots of VCs in the community that we work with, like there's not a long list of folks where I'm like, oh, this person is going to be like dangerous to the company. I actually think the biggest issue is just not caring. That's the thing that actually bothers me. They just don't care.

In my experience, actually, it's a smaller percentage that actually destroy. When I think about... lots of VCs in the community that we work with, like there's not a long list of folks where I'm like, oh, this person is going to be like dangerous to the company. I actually think the biggest issue is just not caring. That's the thing that actually bothers me. They just don't care.

Don't care about the people. Don't care about the investment. Ah, it's 1% of my fund. They just don't care.

Don't care about the people. Don't care about the investment. Ah, it's 1% of my fund. They just don't care.

Don't care about the people. Don't care about the investment. Ah, it's 1% of my fund. They just don't care.

You cannot do everything and you have to prioritize. You can if you don't make that many investments. You can't do everything if you make a ton of investments every year, which the average venture firm does.

You cannot do everything and you have to prioritize. You can if you don't make that many investments. You can't do everything if you make a ton of investments every year, which the average venture firm does.