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

855.28 - 874.878 David Frankel

I'll tell you what happened, Harry. This is how this moves. During COVID, we got very scared. At the beginning of COVID, we went, oh my God, the market's going to close down. We're going to really have to fund our companies. So then we're thinking we've got to, in the first instance, put even fewer funds into our companies. And then what happens is the market just gets awash with capital.