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
I'm getting on a high horse here. This is a big problem, though, which is they all looked at Swanson and thought, hang on, we can replicate this incredibly heavy 35%, 40% allocation. But that was in a time when liquidity was much better. And actually, your hit rate on selection was much better. Now, your hit rate is way lower and you've got real illiquidity.
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