Asylum Ventures

7 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement Sep 6, 2024 by Nicholas Chirls · said 8 times in 1 episodes since 2024 · across every show →

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brought up most by Harry Stebbings (5), Nicholas Chirls (3)

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Everything said about Asylum Ventures, oldest first

Sep 6, 2024 negative
Disclosure
Chirls: Asylum Ventures Blacklists Untrustworthy VCs Permanently
“Now there's many folks that I will never work with again. And maybe that doesn't matter to them, but like I think it will. There will be a company, there will be an opportunity where someone wants to work with a company that we work with we'll never work with …”
Nicholas Chirls Sep 6, 2024 ▶ 35:49 Nicholas Chirls: Why Big VCs Ruin Startups, VC is a Ponzi Scheme Today & Most VCs are Bankers |E1198 · 20VC with Harry Stebbings
Sep 6, 2024 neutral
Insight
Chirls: Common and preferred shares yield identical returns in outlier startup wins
“There's a few in every fund that really matter, at least matter from a financial performance perspective. And when they really matter, the common is, is exactly the same as the preferred, is exactly the same as the preferred two, the series A, they're all wort…”
Nicholas Chirls Sep 6, 2024 ▶ 27:03 Nicholas Chirls: Why Big VCs Ruin Startups, VC is a Ponzi Scheme Today & Most VCs are Bankers |E1198 · 20VC with Harry Stebbings
Sep 6, 2024 positive
Insight
Chirls: Mega-VCs Create Market Opportunities for Boutique Seed Funds
“I'm actually grateful for the big banks in venture. I actually don't want them to go away because that they actually provide our opportunity. They provide us an opportunity to provide an alternative to founders to that system.”
Nicholas Chirls Sep 6, 2024 ▶ 25:37 Nicholas Chirls: Why Big VCs Ruin Startups, VC is a Ponzi Scheme Today & Most VCs are Bankers |E1198 · 20VC with Harry Stebbings
Sep 6, 2024 neutral
Disclosure
Chirls: Asylum Ventures is a $55M fund writing $500K to $2M checks
“Fifty-five million dollar fund. We write 500 K to two million dollar checks.”
Nicholas Chirls Sep 6, 2024 ▶ 2:11 Nicholas Chirls: Why Big VCs Ruin Startups, VC is a Ponzi Scheme Today & Most VCs are Bankers |E1198 · 20VC with Harry Stebbings
Sep 6, 2024 neutral
Disclosure
Chirls takes zero salary at Asylum Ventures to reinvest fees into hiring
“I don't pay myself at a silo. I'm putting every single dollar into the, into hiring people and building the firm.”
Nicholas Chirls Sep 6, 2024 ▶ 8:53 Nicholas Chirls: Why Big VCs Ruin Startups, VC is a Ponzi Scheme Today & Most VCs are Bankers |E1198 · 20VC with Harry Stebbings
Sep 6, 2024 positive
Prediction Not checkable as stated
Chirls: Asylum Ventures only sells secondary stock when founders are selling
“We will only do that when the founder is selling. At, but I will say when the founder is selling, we almost always do it.”
Nicholas Chirls Sep 6, 2024 ▶ 59:45 Nicholas Chirls: Why Big VCs Ruin Startups, VC is a Ponzi Scheme Today & Most VCs are Bankers |E1198 · 20VC with Harry Stebbings
Sep 6, 2024 neutral
Disclosure
Chirls: Asylum Ventures targets average pre-seed entry valuations of $8M to $10M
“Eight to 10.”
Nicholas Chirls Sep 6, 2024 ▶ 1:03:56 Nicholas Chirls: Why Big VCs Ruin Startups, VC is a Ponzi Scheme Today & Most VCs are Bankers |E1198 · 20VC with Harry Stebbings
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