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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

2952.461 - 2974.089 Harry Stebbings

It becomes open AI. I'll tell you, I was one of the first investors to meet Mr. Al. Yeah, of course. And the first round was at like 250, I think. And I said, there's no way. Did you write the check? No. And I said, there's no way that I, as a seed manager, can invest in 250. Well, it goes to 5 billion. And with dilution, which there will be a lot, because I'm going to get what?

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