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David Frankel

πŸ‘€ Speaker
723 total appearances

Appearances Over Time

Podcast Appearances

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

But I think going through that, what it takes to take on these leeches is tremendously underestimated.

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

But I think going through that, what it takes to take on these leeches is tremendously underestimated.

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

I'll tell you, SeatGeek, I actually gave testimony to a panel of lawyers for the Department of Justice. Russ D'Souza is the co-founder of SeatGeek. He says to me, come on a sales visit with him. So I go to TD Garden in Boston, which is like Madison Square Garden. We meet with the manager. She's awesome. She says, we turf Ticketmaster in a heartbeat and go with SeatGeek.

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

I'll tell you, SeatGeek, I actually gave testimony to a panel of lawyers for the Department of Justice. Russ D'Souza is the co-founder of SeatGeek. He says to me, come on a sales visit with him. So I go to TD Garden in Boston, which is like Madison Square Garden. We meet with the manager. She's awesome. She says, we turf Ticketmaster in a heartbeat and go with SeatGeek.

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

I'll tell you, SeatGeek, I actually gave testimony to a panel of lawyers for the Department of Justice. Russ D'Souza is the co-founder of SeatGeek. He says to me, come on a sales visit with him. So I go to TD Garden in Boston, which is like Madison Square Garden. We meet with the manager. She's awesome. She says, we turf Ticketmaster in a heartbeat and go with SeatGeek.

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

We love your ticketing policy. We love the open thing. We can't give up Ticketmaster. I look at her, I go... But hold on, you're like, there's no other venue like you in Boston. This is this covered arena. It's beautiful. It's where all the basketball and ice hockey takes place. When you two comes to town, where else are they going, right? She goes, no, no, no, no, it's not that.

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

We love your ticketing policy. We love the open thing. We can't give up Ticketmaster. I look at her, I go... But hold on, you're like, there's no other venue like you in Boston. This is this covered arena. It's beautiful. It's where all the basketball and ice hockey takes place. When you two comes to town, where else are they going, right? She goes, no, no, no, no, it's not that.

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

We love your ticketing policy. We love the open thing. We can't give up Ticketmaster. I look at her, I go... But hold on, you're like, there's no other venue like you in Boston. This is this covered arena. It's beautiful. It's where all the basketball and ice hockey takes place. When you two comes to town, where else are they going, right? She goes, no, no, no, no, it's not that.

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

She's like, Live Nation straight out said to us, you two will come to Boston. You'll have one night in Boston instead of three nights. I make like a million or $2 million net profit a night. I literally gave testimony to the Department of Justice telling them exactly what I've just told you. And what you've got is you've got, you take vertical after vertical.

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

She's like, Live Nation straight out said to us, you two will come to Boston. You'll have one night in Boston instead of three nights. I make like a million or $2 million net profit a night. I literally gave testimony to the Department of Justice telling them exactly what I've just told you. And what you've got is you've got, you take vertical after vertical.

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

She's like, Live Nation straight out said to us, you two will come to Boston. You'll have one night in Boston instead of three nights. I make like a million or $2 million net profit a night. I literally gave testimony to the Department of Justice telling them exactly what I've just told you. And what you've got is you've got, you take vertical after vertical.

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

So Live Nation, Ticketmaster, that merger should never have been allowed. But once it's allowed, we will occupy, monopolize that position all day long. Harry, we've got it right now. I had it in my business in terms of taking on the legacy telcos in my startup, like impossible. And we can talk about some of the strategy around that.

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

So Live Nation, Ticketmaster, that merger should never have been allowed. But once it's allowed, we will occupy, monopolize that position all day long. Harry, we've got it right now. I had it in my business in terms of taking on the legacy telcos in my startup, like impossible. And we can talk about some of the strategy around that.

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

So Live Nation, Ticketmaster, that merger should never have been allowed. But once it's allowed, we will occupy, monopolize that position all day long. Harry, we've got it right now. I had it in my business in terms of taking on the legacy telcos in my startup, like impossible. And we can talk about some of the strategy around that.

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

Yeah, yeah. We've seen this again in Suno. So Suno is a fund for company. The recording industry has just gone wild against Suno. And often it's exact same playbook. But I think this is a place where VCs can add a ton of value is it's the same playbook. So they're lobbing their ass. The recording industry like first says, you're illegal. Like what you're doing is illegal.

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

Yeah, yeah. We've seen this again in Suno. So Suno is a fund for company. The recording industry has just gone wild against Suno. And often it's exact same playbook. But I think this is a place where VCs can add a ton of value is it's the same playbook. So they're lobbing their ass. The recording industry like first says, you're illegal. Like what you're doing is illegal.

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

Yeah, yeah. We've seen this again in Suno. So Suno is a fund for company. The recording industry has just gone wild against Suno. And often it's exact same playbook. But I think this is a place where VCs can add a ton of value is it's the same playbook. So they're lobbing their ass. The recording industry like first says, you're illegal. Like what you're doing is illegal.

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

And OpenAI and lots of people have that same legal challenge, although it's slightly different. So the OpenAI challenge is on the output, right, the LLM. Suno, the challenge is on the input. And Suno's going back and saying, we're training on the open internet. That's like Harry learning to play the piano and listening to the Rolling Stones. Is that okay?

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

And OpenAI and lots of people have that same legal challenge, although it's slightly different. So the OpenAI challenge is on the output, right, the LLM. Suno, the challenge is on the input. And Suno's going back and saying, we're training on the open internet. That's like Harry learning to play the piano and listening to the Rolling Stones. Is that okay?

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

And OpenAI and lots of people have that same legal challenge, although it's slightly different. So the OpenAI challenge is on the output, right, the LLM. Suno, the challenge is on the input. And Suno's going back and saying, we're training on the open internet. That's like Harry learning to play the piano and listening to the Rolling Stones. Is that okay?