David Frankel is one of the great seed investors of our time. As the CoFounder of Founder Collective he has backed the likes of Uber, Coupang, Suno, PillPack, Airtable, Whoop, Shield Al and many more. In a world of expanding fund sizes, David and Founder Collective are one of the only successful franchises to truly stick to small, boutique funds. ----------------------------------------------- Timestamps: 00:00 Intro 02:03 The $50-$100M Seed Fund Trap 06:14 Price Matters Less Than Ever 10:24 Has the Normalization of Startup Founding Killed What It Actually Takes? 11:12 CEO vs CTO: The Journey Diverges 12:55 Will David Invest If the CEO Is Great But the CTO Isn't? 14:26 Has the Type of Founder David Wants Changed in the AI Era? 16:22 Is 1.5M to 5M ARR Still a Venture-Scale Path? 32:26 Why David Is a Contrarian on Large Platform Funds Returning Venture Economics 38:01 Physical AI Was the Unloved Theme 10 Years Ago 40:31 How Concentrated Are Founder Collective's Returns? 44:15 Are Deepl...