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David Frankel

👤 Person
708 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

And conversely, if you don't have that, like, I think about this as going up the mountain. Instantly, we have this incredible rapport. Like I just leave that meeting feeling like so energized. And then I go home and I sleep the night, I wake up the next morning, I go like, this will kill you, this will kill you, this will kill you. You'll never take them on, right?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

But like Harry's amazing, right? Like he's unbelievable. And at some point to ignore the emotional visceral response is also wrong.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

But like Harry's amazing, right? Like he's unbelievable. And at some point to ignore the emotional visceral response is also wrong.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

But like Harry's amazing, right? Like he's unbelievable. And at some point to ignore the emotional visceral response is also wrong.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

I come back to love and friendship and loyalty matters most.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

I come back to love and friendship and loyalty matters most.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

I come back to love and friendship and loyalty matters most.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

I'm reading this at the moment. I mean, like, I'm obsessed. Okay. What's the favorite book? So, Harry, I'm reading The Path Between the Seas by David McCulloch. The book was written in 1974. It won the National Book Prize in the US. And it had been recommended to me so many times. It is about the building of the Panama Canal between 1870 and 1914.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

I'm reading this at the moment. I mean, like, I'm obsessed. Okay. What's the favorite book? So, Harry, I'm reading The Path Between the Seas by David McCulloch. The book was written in 1974. It won the National Book Prize in the US. And it had been recommended to me so many times. It is about the building of the Panama Canal between 1870 and 1914.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

I'm reading this at the moment. I mean, like, I'm obsessed. Okay. What's the favorite book? So, Harry, I'm reading The Path Between the Seas by David McCulloch. The book was written in 1974. It won the National Book Prize in the US. And it had been recommended to me so many times. It is about the building of the Panama Canal between 1870 and 1914.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

Just to give you a sense of this, France spent $250 million and effectively went bankrupt. 20,000 people died, mainly from yellow fever and malaria. The Republic of Panama was like America doing the most colonial thing you could ever imagine.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

Just to give you a sense of this, France spent $250 million and effectively went bankrupt. 20,000 people died, mainly from yellow fever and malaria. The Republic of Panama was like America doing the most colonial thing you could ever imagine.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

Just to give you a sense of this, France spent $250 million and effectively went bankrupt. 20,000 people died, mainly from yellow fever and malaria. The Republic of Panama was like America doing the most colonial thing you could ever imagine.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

They basically took it and they paid, they gave the Republic of Panama, which they effectively created $10 million, and they bought the defunct business of the canal from the French for $40 million. That was bigger than the aggregate amount that they paid for Cuba, Louisiana, and Alaska. This was like big, hairy, audacious on steroids.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

They basically took it and they paid, they gave the Republic of Panama, which they effectively created $10 million, and they bought the defunct business of the canal from the French for $40 million. That was bigger than the aggregate amount that they paid for Cuba, Louisiana, and Alaska. This was like big, hairy, audacious on steroids.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

They basically took it and they paid, they gave the Republic of Panama, which they effectively created $10 million, and they bought the defunct business of the canal from the French for $40 million. That was bigger than the aggregate amount that they paid for Cuba, Louisiana, and Alaska. This was like big, hairy, audacious on steroids.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

And a friend of mine recommended and said, you know, if you want to look at like moonshot stuff again, and everything that was true in capitalism then is still the same. The lobbying, the politicians on the take, the media. The banks, you know, it puts like Elon, like SpaceX and Tesla just puts that in like insane. But this was like the moonshot of moonshots.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

And a friend of mine recommended and said, you know, if you want to look at like moonshot stuff again, and everything that was true in capitalism then is still the same. The lobbying, the politicians on the take, the media. The banks, you know, it puts like Elon, like SpaceX and Tesla just puts that in like insane. But this was like the moonshot of moonshots.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

And a friend of mine recommended and said, you know, if you want to look at like moonshot stuff again, and everything that was true in capitalism then is still the same. The lobbying, the politicians on the take, the media. The banks, you know, it puts like Elon, like SpaceX and Tesla just puts that in like insane. But this was like the moonshot of moonshots.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Investing Lessons from FC Seeding Uber, Airtable and Coupang | Why Pro Rata is the Original Sin in VC | Why Liquidity Has Died in 2024 | Why LPs are Pissed with VCs | The Hard Truth About Seed Fund Economics with David Frankel @ Founder Collective

And a lot of the time, like you look at Frederick de Lesseps.