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

1569.576 - 1595.886 David Frankel

But you look at 2018 plus funds, and the problem is it was this perfect storm. So we were preparing, we were getting involved in companies that had lots of potential. And then 2019, 2020, Zerp comes along, day trading at home over COVID. And 10 on 40, 10 on 40, 20 on 80. Tiger looks at A16Z and goes, you know, they have 10 on 40, we'll do the 20 on 80. SoftBank. And that was the apotheosis.