Chirls: VC platform services like BD and recruiting do not move the needle
Nicholas Chirls · 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 · at 49:18
Nicholas Chirls clarifies his critique of venture capital value-add specifically regarding platform support teams offered by multi-stage funds.
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“So like what I think I'm, what I said, what I don't think has, what I don't think moves the needle is services. I don't think that services, you know, a business development team, a recruiter, et cetera, are actually going to be the difference between success of a company.”
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