Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Nick Chirls

๐Ÿ‘ค Speaker
420 total appearances

Appearances Over Time

Podcast Appearances

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

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.

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

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.

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

We've been playing around with different taglines at Asylum, one of which is don't do this. I think that might get cut. But like the basic idea is that people say this, but I don't think they really internalize it. Like building a startup is truly awful. It's like a truly, truly bad experience. And it will ruin your life basically in various different ways.

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

We've been playing around with different taglines at Asylum, one of which is don't do this. I think that might get cut. But like the basic idea is that people say this, but I don't think they really internalize it. Like building a startup is truly awful. It's like a truly, truly bad experience. And it will ruin your life basically in various different ways.

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

We've been playing around with different taglines at Asylum, one of which is don't do this. I think that might get cut. But like the basic idea is that people say this, but I don't think they really internalize it. Like building a startup is truly awful. It's like a truly, truly bad experience. And it will ruin your life basically in various different ways.

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

And by the way, that's if it goes well or if it doesn't go well. Either way, it goes well, problems get harder, huge teams often, lots of capital raised, lots of pressure. It is going to take a lot out of you. And I've seen this through relationship breakups, founder breakups, divorces, bankruptcies. Like what I will say is after many years of doing this, I have more respect for

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

And by the way, that's if it goes well or if it doesn't go well. Either way, it goes well, problems get harder, huge teams often, lots of capital raised, lots of pressure. It is going to take a lot out of you. And I've seen this through relationship breakups, founder breakups, divorces, bankruptcies. Like what I will say is after many years of doing this, I have more respect for

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

And by the way, that's if it goes well or if it doesn't go well. Either way, it goes well, problems get harder, huge teams often, lots of capital raised, lots of pressure. It is going to take a lot out of you. And I've seen this through relationship breakups, founder breakups, divorces, bankruptcies. Like what I will say is after many years of doing this, I have more respect for

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

for the founder journey than I ever have. Like it actually, even just really thinking about it makes me like a little sick to my stomach, like actually physically sick. I'm like, this is going to be a truly awful experience. That's why we get back to obsessed. So why would you do that? Why would anyone do that? Because they're obsessed because they need to do this thing.

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

for the founder journey than I ever have. Like it actually, even just really thinking about it makes me like a little sick to my stomach, like actually physically sick. I'm like, this is going to be a truly awful experience. That's why we get back to obsessed. So why would you do that? Why would anyone do that? Because they're obsessed because they need to do this thing.

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

for the founder journey than I ever have. Like it actually, even just really thinking about it makes me like a little sick to my stomach, like actually physically sick. I'm like, this is going to be a truly awful experience. That's why we get back to obsessed. So why would you do that? Why would anyone do that? Because they're obsessed because they need to do this thing.

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

because they will be up all night, every day thinking about this thing. There's a problem that they just can't not do. Those are the people that should start companies for sure. And I'm deeply grateful to those people that do. I think our job, in addition to trust, by the way, is to make that experience Just a little less shitty. Like it's that simple.

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

because they will be up all night, every day thinking about this thing. There's a problem that they just can't not do. Those are the people that should start companies for sure. And I'm deeply grateful to those people that do. I think our job, in addition to trust, by the way, is to make that experience Just a little less shitty. Like it's that simple.

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

because they will be up all night, every day thinking about this thing. There's a problem that they just can't not do. Those are the people that should start companies for sure. And I'm deeply grateful to those people that do. I think our job, in addition to trust, by the way, is to make that experience Just a little less shitty. Like it's that simple.

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

Build trust with the founder and try to make what is going to be an awful experience. And I think our job is to be a steady hand, a place of calm, a place of trust, and to try to create an environment in which the founder can do their best work. I think that's our job and that's about it.

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

Build trust with the founder and try to make what is going to be an awful experience. And I think our job is to be a steady hand, a place of calm, a place of trust, and to try to create an environment in which the founder can do their best work. I think that's our job and that's about it.

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

Build trust with the founder and try to make what is going to be an awful experience. And I think our job is to be a steady hand, a place of calm, a place of trust, and to try to create an environment in which the founder can do their best work. I think that's our job and that's about it.

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

My view has always been trying to find alignment with the founder. Now, when a founder is selling a company, right, you're selling with them, right? So that's aligned. We have sold shares in founders' companies over the years a number of times. We will only do that when the founder is selling. But I will say, when the founder is selling, we almost always do it.

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

My view has always been trying to find alignment with the founder. Now, when a founder is selling a company, right, you're selling with them, right? So that's aligned. We have sold shares in founders' companies over the years a number of times. We will only do that when the founder is selling. But I will say, when the founder is selling, we almost always do it.

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

My view has always been trying to find alignment with the founder. Now, when a founder is selling a company, right, you're selling with them, right? So that's aligned. We have sold shares in founders' companies over the years a number of times. We will only do that when the founder is selling. But I will say, when the founder is selling, we almost always do it.