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

300.917 - 324.215 David Frankel

Everyone says you gotta be right in non-consensus, but I often think, well, what do you mean by non-consensus? So you've got, if you were really early in new markets, 2009, the best bet, like everybody was like chasing, I don't know, nanotech. Bitcoin had to have been the greatest investment in 2009. 2015, Ethereum. I know everybody is chasing DTC, right? That's where the whole market's going.