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

2025.752 - 2052.71 David Frankel

Yeah. Well, so you've seen high net worth family offices pull back even more. I think the vintage just matters a lot. And some of the large LPs will be scared of sitting out vintages. It's kind of like the Excel Fund 7 era. So I sat out and I missed Facebook. So I think sometimes if you think you're as an LP in a great fund, But you got to keep up your track record. You got to be a great fund.