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

3245.526 - 3271.287 David Frankel

You're reminding me again of Eric, right? Where Eric has this lens. It's so simple. We look at a company and go, can we 10x that? Can we 10x? And if we can't 10x... then we shouldn't invest. And I think that is alignment with the entrepreneur. So much flows from that, like the economics, the size of the deal, the size of the valuation. If we can't, with high conviction, 10x, we shouldn't invest.