Founder Collective Managing Partner David Frankel reviews venture performance numbers and market power laws with Harry Stebbings.
Opinion
Frankel: Venture capital DPI could be dead
“I think that DPI could be dead.”
Opinion
Frankel: Tiger Global operated like a casino
“Those guys were just like a casino. One call to John at Tiger. Like, 20 on 80, no problem.”
Insight
Frankel: Backing successful second-time founders hasn't worked out due to hubris
“I would say generally founders who've had enormous, enormous success and exits come to the next opportunity with some degree of hubris. I speak about this personally. I sold my first business And I thought I could conquer anything. And they look at any vertica…”
Opinion
Frankel: Live Nation and Ticketmaster merger should never have been allowed
“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.”
Opinion
Frankel: Aiming Exclusively for 'Unicorn or Bust' Seed Returns Is Insane
“I think it's insanity. I just think it's insanity. Like, I think when, I think you market those winners, and again, it's great PR fodder, it's great to, like, attract the investors in the next fund, but I think it's insanity to go, it's like that huge, you kno…”
Opinion
Frankel: Multi-stage VC firms have no incentive to matchmake for startups
“Sequoia will, it doesn't matter, by the way, I don't want to single out Sequoia here, but it doesn't matter if you take your check from Andreessen, Sequoia, Axel, you name them, right? They will never, they have no incentive to matchmake. They have no incentiv…”