David Frankel: The AI Boom Will Create Enormous Roadkill: Who Wins & Loses | Why Founders Should Never Take Multi-Stage Money at Seed

David Frankel is one of the great seed investors of our time. As the Co-Founder of Founder Collective he has backed the likes of Uber, Coupang, Suno, PillPack, Airtable, Whoop, Shield AI 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.

In Today's Show We Discuss:

• The Bubbles Are Getting Bigger—and There Will Be a Lot of Roadkill

• The Worst-Performing Funds Will Be the $50M–$100M Seed Funds

• "We're Greedy for Returns, Not Management Fees"

• "Pro Rata Is the Original Sin"

• "A $1BN Valuation Is the New Series A"

• "I Have Never Seen Secondary Markets This Liquid"

• Microsoft Has Done a Crappy Job of AI—and Another Dot-Com Crash Is Inevitable

• OpenAI and Anthropic Will Be Disrupted—and China Could Do It

• "Anyone Who Claims They Knew Is Full of Shit"

• Our Children Won't Need to Drive—and Chemotherapy Will Look Prehistoric