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

2330.406 - 2351.305 David Frankel

Why didn't you make the decision for me? The answer there typically has been with big distributions where large positions, so fund movers or it's half the fund, we distribute and we say it's up to you. With smaller positions, when it IPOs, so desktop metal, for instance, it got to the point where it was like, I don't know, worth $10 million, we sold and we take the cash and we distribute the cash.