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

1101.462 - 1122.604 David Frankel

So, you know, that is to say, look, you failed for all the best reasons. You failed. It's not because you didn't try your ass off. It's not because this team isn't thoughtful. And the clock cycle, the frequency at which you got stuff done was enormous. The context was just impossible. Come back to me. My bad on steroids, right? That I didn't say that. And I've learned that the hard way.