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
David Frankel
Harry, we've got no DPI in fund three yet. We've got an LOI in a vertical SaaS business right now. LOI, we haven't got, this is not there yet. The company's done tens of millions. It's got a good valuation. It's PE, it's all PE. There are still PE players who are now looking at a vertical and going, I like that vertical. And they seem to be quite disruptive in that vertical.
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