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Today I'm launching @asylumventures, a new venture firm dedicated to the creative act of building companies.
Asylum's first $55 million fund is an embodiment of my belief that founders are artists, not assets:
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Nicholas Chirls
5.6K posts
Nicholas Chirls
@nchirls
in the asylum with early-stage founders @asylumventures @notationcapital
Brooklyn, NY Katılım Şubat 2009
915 Takip Edilen9.9K Takipçiler
Nicholas is an actual artist turned investor. Truly unique LP perspective. Recommend a listen 👇🏻
Beezer Clarkson@Beezer232
🧵How does a Juilliard-trained classical musician wind up managing a $6B endowment at a church in Manhattan older than the United States itself? That's the story of our fascinating Origins guest: Nicholas Csicsko, MD of Investments, Trinity Church Wall Street 👇
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Big bank on big bank crime at its finest ladies and gentleman
Justine Moore@venturetwins
I've watched this ad several times and genuinely can't understand the point. If you want a condescending VC who believes they're the moral authority on whether or not your product should exist...contact General Catalyst? If you don't, we're open for business @a16z 🫡
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Nicholas Chirls retweetledi
One way that I think about it - there are inevitable successive phases of absorption and expression in the creative process. Having (a) partner(s) allows for relatively consistent output while allowing for this natural cycle
marc@marcgmbh
one thing i underestimated about having a co-founder the time you get to reinvent yourself while the other person is out front, taking the wind, is incredibly valuable
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Nicholas Chirls retweetledi
1/ Power law still holds at scale - just at a different magnitude.
On Origins, @daveclark85 walks through the math (w/ @NChirls). If you’re allocating to $1B+ funds, the assumptions matter.
What has to be true:
→ Exit markets need to support massive outcomes
→ Even a $6B fund can produce fund returners
→ A return-driven lens ≠ IRR-driven lens
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Nicholas Chirls retweetledi
Otto wrote a vulnerable piece today about his journey to date and what’s ahead. It’s an example of what real leadership looks like on the field —>
photonhealth.com/blog/series-a-…
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One of the joys of this work is to see people grow into true leaders. @ottosipe is making art in an unlikely place - prescription routing for patients, which will bring down the cost of our therapeutics.
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@aashaysanghvi_ Feels so long ago like it almost wasn’t real. But it was! Still is in pockets, such as Brooklyn 😉
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Venture has become a transactional, 'deal' oriented business...it's nice to see this injection of humanity from one of the OGs
Constant reinvention, genuine curiosity about people and products
Michael Mignano@mignano
Fred Wilson is one of the greatest VCs of all time. He is also my new partner at @USV and I'm lucky to say that. We've known each other for years, but becoming partners felt like a reason to get to know him even better. So a few weeks ago, we walked around Union Square and caught up about what @fredwilson has learned over nearly 40 years of VC, how AI may be making the profession obsolete, how to build an investment thesis, why he believes the Knicks will win the NBA title this year, and a few of his long held grudges. Here's a video of that conversation, set at Union Square, Madman Espresso, the USV office, and Leon's on Broadway. Chapters: 3:22 - That time Fred wrecked Mike on Twitter 6:01 - Pre-Internet VC in NYC 9:50 - Early Internet Investing and Raising for Flatiron Partners 11:59 - The Dot-com Crash Killed Fred’s First Firm 14:28 - Fred’s Grudge Against Coffee Shop 16:35 - How to Pick the Right Team at Right Time 18:28 - AVC blog, Gawker’s Nick Denton, TypePad.com 20:44 - Jim Kramer invented Tweeting 21:46 - Why Fred Bet on Twitter Early 23:39 - Building Agents on Claude Code and Tasklet 26:20 - Claude Mythos and Doomerism 27:27 - The Original USV Thesis 29:19 - Network Effects and Brad’s Thesis 31:29 - Coinbase: Thesis, Investment, Outcome 33:18 - Investing in Decentralized AI 34:59 - Open Source AI 36:55 - AI Kill Zone: Legal AI is Dead, Energy Investments 42:37 - USV Agents Will Replace Its Partners 47:00 - Are VC’s building themselves out of a job? 48:30 - Leon’s, NYC’s New Tech Watering Hole 50:52 - Generative Art 53:18 - SOLIENNE: AI Artist trained by Kristi Coronado 54:25 - What About AI Scares Fred 55:40 - Societal Backlash to AI 58:10 - Advice to Early Career VCs: There’s More Risk in Not Doing Deals 1:00:48 - Fred’s Biggest Regrets: Saying No Because of Price 1:04:17 - Fred’s Bold Prediction for the Knicks and the Mets
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This is as close to a perfect pod episode and interview I’ve seen in a while. More than anything it’s a beautiful homage to nyc and what you can do and become here. Well done @mignano and @fredwilson
Michael Mignano@mignano
Fred Wilson is one of the greatest VCs of all time. He is also my new partner at @USV and I'm lucky to say that. We've known each other for years, but becoming partners felt like a reason to get to know him even better. So a few weeks ago, we walked around Union Square and caught up about what @fredwilson has learned over nearly 40 years of VC, how AI may be making the profession obsolete, how to build an investment thesis, why he believes the Knicks will win the NBA title this year, and a few of his long held grudges. Here's a video of that conversation, set at Union Square, Madman Espresso, the USV office, and Leon's on Broadway. Chapters: 3:22 - That time Fred wrecked Mike on Twitter 6:01 - Pre-Internet VC in NYC 9:50 - Early Internet Investing and Raising for Flatiron Partners 11:59 - The Dot-com Crash Killed Fred’s First Firm 14:28 - Fred’s Grudge Against Coffee Shop 16:35 - How to Pick the Right Team at Right Time 18:28 - AVC blog, Gawker’s Nick Denton, TypePad.com 20:44 - Jim Kramer invented Tweeting 21:46 - Why Fred Bet on Twitter Early 23:39 - Building Agents on Claude Code and Tasklet 26:20 - Claude Mythos and Doomerism 27:27 - The Original USV Thesis 29:19 - Network Effects and Brad’s Thesis 31:29 - Coinbase: Thesis, Investment, Outcome 33:18 - Investing in Decentralized AI 34:59 - Open Source AI 36:55 - AI Kill Zone: Legal AI is Dead, Energy Investments 42:37 - USV Agents Will Replace Its Partners 47:00 - Are VC’s building themselves out of a job? 48:30 - Leon’s, NYC’s New Tech Watering Hole 50:52 - Generative Art 53:18 - SOLIENNE: AI Artist trained by Kristi Coronado 54:25 - What About AI Scares Fred 55:40 - Societal Backlash to AI 58:10 - Advice to Early Career VCs: There’s More Risk in Not Doing Deals 1:00:48 - Fred’s Biggest Regrets: Saying No Because of Price 1:04:17 - Fred’s Bold Prediction for the Knicks and the Mets
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He took the comparison to its logical conclusion: “Most paintings are failures. Most songs suck. Novels aren’t often best sellers. So the nature of an artist is you fail most of the time, yet you’re tenacious and you’re resilient.”
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“They see things that other people don’t. They hear things others don’t. And they’re driven to take that vision and turn it into physical reality. You know who else does that? Painters do that; sculptors do that; poets do that; playwrights do that.”
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The @asylumventures thesis in a nutshell —> “The true founders—not the ones who want to make a lot of money or do it because their roommates want to do it—are closer to artists than to any other profession,” - Steve Blank
H/t @billdybas
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In 2023, I was pretty sure I was done with the venture and technology business. I went through a rough patch in both my personal and professional life. I told myself pushing through was the only option, but in hindsight I’m not so sure…
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different chapters require us telling different stories and figuring out different ways to turn the pages.
love nick and his latest essay.
Nicholas Chirls@nchirls
In 2023, I was pretty sure I was done with the venture and technology business. I went through a rough patch in both my personal and professional life. I told myself pushing through was the only option, but in hindsight I’m not so sure…
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@nchirls you've been an inspiration to me in doing "your own thing, your way" for many years.
thank you for sharing - meaningful to many.
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Planning to post a personal essay tomorrow on “rough patches” - kinda nervous but now I can’t not. See ya in the morning…
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