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
David Frankel
There was an enormous fraud in the company. The CFO committed suicide. The CEO is still in jail. I mean, like huge story, right? Like they were literally fraudulently putting KPMG on fraudulent financials. I remember that moment when Micah said to me, Lou's going to take you under his wing. I'd been paid out a couple of million dollars.
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