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
Harry Stebbings
So we were the largest institutional pre-seed and we co-led the seed with Fred. But this is the other thing that people aren't talking about, which is like it did for you because you've got a 75 million fund. Yeah. But I know a lot of people, I love Index, they're great. But Index's seed fund is like 500 million. Yeah. 400 million? That same one returns less than 25%.
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