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

2977.355 - 2998.155 David Frankel

Yeah. Overall, I admire your discipline. I think rear view mirror on this, you can't build a fund on this. Rear view mirror, you can think about that one that you missed, and they're one or two in a generation. There are these generational companies, or maybe there is one a year. And if you're in that company, awesome. But can you build a fund strategy? I don't think you can. Not at Seed.