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

390.811 - 410.507 David Frankel

I think there is a market and there's a market clearing price and you pay that price. But these are not AI prices. This is not AI deal where I go 5 on 20, that guy's unbelievable. Next thing, you know, I'm on a Zoom and he's in San Francisco in a hotel room and I just come off that Zoom and I say to my associate, I say, we're dead. There's going to be 100 million pre. This is real, by the way.