--- title: Nik Storonsky says VCs can be ‘dangerous’, so Revolut’s... description: Revolut CEO Nik Storonsky has removed VCs from his company's board in every funding round, even taking losses to do it. He compares VCs on boards to... canonical: https://daily.dev/posts/nik-storonsky-says-vcs-can-be-dangerous-so-revolut-s-board-has-none-hwmgmne0i twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Nik Storonsky says VCs can be ‘dangerous’, so Revolut’s board has none | daily.dev og:description: Revolut CEO Nik Storonsky has removed VCs from his company's board in every funding round, even taking losses to do it. He compares VCs on boards to... og:url: https://daily.dev/posts/nik-storonsky-says-vcs-can-be-dangerous-so-revolut-s-board-has-none-hwmgmne0i og:image: https://api.daily.dev/og/posts/hwMgMNe0i.png og:image:alt: Nik Storonsky says VCs can be ‘dangerous’, so Revolut’s board has none og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Nik Storonsky says VCs can be ‘dangerous’, so Revolut’s board has none **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Revolut CEO Nik Storonsky has removed VCs from his company's board in every funding round, even taking losses to do it. He compares VCs on boards to cheerleaders who try to play the match instead of letting professional operators run it. Revolut, now valued at $115bn, operates in 38 countries with no VCs on its board. Storonsky also started QuantumLight, a VC firm that uses machine learning to pick startups instead of human judgment. Its first $250m fund returned a 56% internal rate of return, and the firm now runs a $500m second fund. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### why does Nik Storonsky keep venture capitalists off Revolut's board Storonsky believes VCs are often not operational and can be dangerous to a company if given enough power, comparing them to cheerleaders who try to play the match instead of letting professional operators run it. He removed VCs from Revolut's board in every funding round, taking financial losses to do so, leaving the board made up of operators instead. _Founders weighing investor terms and board seats follow governance debates like this one on daily.dev._ ### what is QuantumLight and how does it pick startups to invest in QuantumLight is a venture capital firm founded by Nik Storonsky that uses machine learning models instead of human judgment to select startups. The models pick 30 to 40 companies over two to three years and invest the same amount in each. Its first fund, $250 million aimed at Series B rounds, returned a 56% internal rate of return, and Storonsky personally contributed about 20 to 25% of it. _Anyone evaluating new venture models tracks funds like QuantumLight on daily.dev._ ## Similar posts on daily.dev - [Revolut’s Nik Storonsky closes a $500m fund for his algorithm-run venture firm QuantumLight](https://daily.dev/posts/revolut-s-nik-storonsky-closes-a-500m-fund-for-his-algorithm-run-venture-firm-quantumlight-4teiceiis) · The Next Web · 0 upvotes · 0 comments - [Revolut wants to let Nik Storonsky borrow $250mn against his own shares](https://daily.dev/posts/revolut-wants-to-let-nik-storonsky-borrow-250mn-against-his-own-shares-1v1i5klr4) · The Next Web · 0 upvotes · 0 comments - [Revolut is valued at $115bn. Its founder’s new share deal targets $500bn](https://daily.dev/posts/revolut-is-valued-at-115bn-its-founder-s-new-share-deal-targets-500bn-deyagz0vf) · The Next Web · 0 upvotes · 0 comments - [Nik Storonsky wants Revolut to be Europe’s answer to Meta and Google](https://daily.dev/posts/nik-storonsky-wants-revolut-to-be-europe-s-answer-to-meta-and-google-lchxcqf8s) · The Next Web · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#venture-capital](https://daily.dev/tags/venture-capital), [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/nik-storonsky-says-vcs-can-be-dangerous-so-revolut-s-board-has-none-hwmgmne0i) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Nik Storonsky says VCs can be ‘dangerous’, so Revolut’s board has none","url":"https://daily.dev/posts/nik-storonsky-says-vcs-can-be-dangerous-so-revolut-s-board-has-none-hwmgmne0i","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/nik-storonsky-says-vcs-can-be-dangerous-so-revolut-s-board-has-none-hwmgmne0i"},"datePublished":"2026-10-30T11:17:26.326Z","dateModified":"2026-10-30T11:18:06.072Z","description":"Revolut CEO Nik Storonsky has removed VCs from his company's board in every funding round, even taking losses to do it. 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