Nicholas Chirls
19 statements across 2 episodes · 4 bullish · 7 bearish · 1 people on the record · first statement Sep 14, 2015 by Nicholas Chirls · across every show →
On the record as a speaker too: Nicholas Chirls's record, appearances and statements → this page counts the times other people say the name.
Everything said about Nicholas Chirls, oldest first
Sep 14, 2015 neutral
Notation Capital raised its first fund from 30 individual and institutional LPs
“So we have about 30 LPs. Half of those are, or I'd say, you know, in terms of dollar amounts, about half the fund is individuals many of whom are founders and partners that are at other VC firms and folks that, you know, we've worked with in the community for …”
Sep 14, 2015 neutral
Sep 14, 2015 neutral
Sep 6, 2024 negative
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 …”
Sep 6, 2024 neutral
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…”
Sep 6, 2024
Sep 6, 2024 negative
Sep 6, 2024 positive
Chirls: Non-institutional VCs will win more founders over next decade
“I believe actually the less institutional and banker-like you can look to founders over the next decade, the more likely you are to win. So I think that the most of venture is deeply focused on becoming institutional. It feels more professional. I think the mo…”
Sep 6, 2024 positive
Chirls: Early-stage venture returns require investing in ignored sectors
“If I've learned, I don't know, 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 …”
Sep 6, 2024 positive
Sep 6, 2024 bearish
Sep 6, 2024 negative
Chirls: Legal agreements cannot prevent VCs and founders from screwing each other
“My experience over the last 10 years, there's the legal agreements don't matter. There are always ways for an investor to quote unquote screw over a founder or for a founder to screw over an investor. It goes both ways. And the legal, the illegal agreements do…”
Sep 6, 2024 neutral
Sep 6, 2024 neutral
Sep 6, 2024 positive
Sep 6, 2024 neutral
Sep 6, 2024 negative
Chirls: VCs push founders to raise money for markups and promotions
“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 or I'm a trying to get a promotion …”
Sep 6, 2024 negative
Chirls: Private equity allows managers to profit even if portfolio companies fail
“The private equity scam is like, we probably all know this is like, you can invest in a company. It doesn't actually matter how well that company does. You can take a lot of money out of that company, and if it goes bankrupt, it doesn't matter.”
Sep 6, 2024 negative
Chirls: Founders restructured an acquihire to cut out early investors entirely
“There's one that comes to mind around Aquihire that we that you kind of talked about many years ago where we actually introduced the portfolio company to the acquirer. It was understood that the cap table would sort of get Taken care of. Like not, again, not m…”