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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

4220.129 - 4236.257 David Frankel

The first thing Lou said to me is, you're going to give back every last cent. You're going to be the first person who gives back all the money and all the other investors are going to hate you for it. But that's the first thing you're going to do. So I had taken secondary. It was four XR investment on the secondary, gave every cent back. But here's the thing.

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