A new venture capital firm in New York City, Asylum Ventures, aims to revive the art of creating startups with a $55 million fund. The firm, led by Nick Chirls and Jonathan Why, focuses on inception-stage startups, investing $1-2 million in pre-seed and seed-stage firms. Asylum, based in Brooklyn, takes a generalist approach, seeking out markets and categories that are currently overlooked. The fund targets early-stage projects that may struggle to secure funding from other sources. Chirls emphasizes the artistic nature of founders, viewing them as creators rather than mere assets. In a similar vein, other startups like Puffpaw, Permissionless Labs, Infinit, DRiP, and IN1 have also secured significant funding for their innovative projects in various sectors like decentralized infrastructure, content delivery networks, decentralized finance, and fintech. These investments reflect a growing interest in supporting creative and unconventional ventures in the startup ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news