Start-Up Investors Push Back Against Venture Capital’s Bigger-Is-Better Mantra

Published On Sep 5, 2024, 9:00 AM

Nick Chirls has transitioned from running a traditional venture capital firm to founding a new venture, Asylum Ventures, which focuses on investing in very young tech companies with a $55 million fund. While traditional venture capital has evolved to manage larger sums of money, Chirls and his partners advocate for a return to smaller, more personal investments that allow for deeper involvement with start-ups. This shift reflects a broader disillusionment with the rapid expansion and impersonal nature of modern venture capital, which has ballooned to a $1.1 trillion industry in recent years.