“And it's, it is Amazon pharmacy today. It's literally based on that pill pack code.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from David Frankel
Opinion
Frankel: Almost every company sale in my career was a mistake
“I look in the rear view mirror and I go, everything I've sold pretty much has been a mistake. So I'm a contrarian.”
David FrankelMar 12, 2025▶ 3:57The 10-Point Checklist For When You Sell Your Company With Founder Collective's Dave Frankel
Insight
Frankel: VCs often push startup sales to generate fund liquidity
“Often there is an investor on the cap table that's been there for a long time, and their model, it's like the tail wagging the dog here, their model is they need to see some liquidity for the next fund, so they're often very problematic reasons.”
David FrankelMar 12, 2025▶ 9:21The 10-Point Checklist For When You Sell Your Company With Founder Collective's Dave Frankel
Insight
Frankel: Founder-only secondary liquidity creates friction with executive teams
“Sometimes like the mistake we make is we take pressure out of the system by giving the founders some kind of liquidity. But we don't think enough about the rest of the team. And then the team's playing on the founders.”
David FrankelMar 12, 2025▶ 10:54The 10-Point Checklist For When You Sell Your Company With Founder Collective's Dave Frankel
AssertionNot checkable as stated
Frankel: PayPal offered $100M to buy Olo before deal collapsed into $5M check
“Olo, PayPal offered to buy the business. PayPal came in and made a hundred million dollar offer, and literally, it was like Christmas, and that, that deal fell through. Noah and I were very disappointed. I remember, like, the 29th of December, they offered to …”
David FrankelMar 12, 2025▶ 7:19The 10-Point Checklist For When You Sell Your Company With Founder Collective's Dave Frankel
Disclosure
Frankel: Founder Collective Fund 1 had zero reserves for follow-ons
“Fund one was a literally Zero reserve fund. We were, there was no follow on. Zero. Like when we said we were seed and pre-seed, that's exactly.”
David FrankelMar 12, 2025▶ 3:24The 10-Point Checklist For When You Sell Your Company With Founder Collective's Dave Frankel
AssertionSupported
Frankel: Founder Collective owned roughly 12% of The Trade Desk at IPO
“We owned roughly 12% at IPO.”
David FrankelMar 12, 2025▶ 3:43The 10-Point Checklist For When You Sell Your Company With Founder Collective's Dave Frankel
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