Nick Chirls

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.

Yeah.

Yeah.

Yeah.

How are VCs and founders misaligned in your eyes? I mean, I can speak for what I view as the median in venture. And certainly, I think you see this in the big AUM firms. I think there are many companies in the market that could get to where they're going and win with significantly less money. And what that means is that the founders and the early investors own a lot more of that company.

How are VCs and founders misaligned in your eyes? I mean, I can speak for what I view as the median in venture. And certainly, I think you see this in the big AUM firms. I think there are many companies in the market that could get to where they're going and win with significantly less money. And what that means is that the founders and the early investors own a lot more of that company.

How are VCs and founders misaligned in your eyes? I mean, I can speak for what I view as the median in venture. And certainly, I think you see this in the big AUM firms. I think there are many companies in the market that could get to where they're going and win with significantly less money. And what that means is that the founders and the early investors own a lot more of that company.

I think there is a perception that you need to raise vast amounts of money to win. VCs are obviously incentivized for founders to think that or to be scared of that. Some ways it's a threat. And there's all sorts of weird incentives in the middle, right? It's I'm raising my fund. I need to show some markups. trying to get a promotion at a firm. I need my companies to raise money.

I think there is a perception that you need to raise vast amounts of money to win. VCs are obviously incentivized for founders to think that or to be scared of that. Some ways it's a threat. And there's all sorts of weird incentives in the middle, right? It's I'm raising my fund. I need to show some markups. trying to get a promotion at a firm. I need my companies to raise money.

I think there is a perception that you need to raise vast amounts of money to win. VCs are obviously incentivized for founders to think that or to be scared of that. Some ways it's a threat. And there's all sorts of weird incentives in the middle, right? It's I'm raising my fund. I need to show some markups. trying to get a promotion at a firm. I need my companies to raise money.

Some companies just take time. Some companies would be better served to focus on building a business rather than raising money.

Some companies just take time. Some companies would be better served to focus on building a business rather than raising money.

Some companies just take time. Some companies would be better served to focus on building a business rather than raising money.

Again, if you have a very long-term view and you don't care about short-term markups, you don't care about raising the next fund within two years, I think you can play different games with companies where you're thinking about actually de-risking the company, proving experiments, building a real business model focusing on how to raise the next round.

Again, if you have a very long-term view and you don't care about short-term markups, you don't care about raising the next fund within two years, I think you can play different games with companies where you're thinking about actually de-risking the company, proving experiments, building a real business model focusing on how to raise the next round.

Again, if you have a very long-term view and you don't care about short-term markups, you don't care about raising the next fund within two years, I think you can play different games with companies where you're thinking about actually de-risking the company, proving experiments, building a real business model focusing on how to raise the next round.

I think Indie VC has done a great job of this over the years and price. I think slow is talking a lot about this and I believe it. There are a number of companies in our portfolio over the years that haven't raised that much money and are just quietly crushing it.

I think Indie VC has done a great job of this over the years and price. I think slow is talking a lot about this and I believe it. There are a number of companies in our portfolio over the years that haven't raised that much money and are just quietly crushing it.

I think Indie VC has done a great job of this over the years and price. I think slow is talking a lot about this and I believe it. There are a number of companies in our portfolio over the years that haven't raised that much money and are just quietly crushing it.

Yeah, it makes no sense. Companies have gotten so cheap to build. You don't need this much money. Do you think that everyone is an entrepreneur? No, we've talked about this. I think there's another Silicon Valley meme where everyone should be a founder. Just everyone. I think it's similar to like the meme back in the day where everyone needed to learn to code.