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

1045.523 - 1070.022 David Frankel

And generally speaking, that hasn't worked out well for us. Versus entrepreneurs who tried their asses off, raised money, and for some reason or another, it didn't work out. They come back hungrier. They come back, they want that prize. They want to prove, chip on the shoulder. And if they can bring back the team somehow. So second time entrepreneurs where they failed and they come back for more.