20VC/
20VC: The AI Boom Will Create Enormous Roadkill: Who Wins & Loses | Why Founders Should Never Take Multi-Stage Money at Seed | Why Triple, Triple, Double, Double is Good Enough
David Frankel argues the AI boom will create major winners but also lots of roadkill, with seed investing increasingly crowded, commoditized, and shaped by large-platform behavior. He also explains why founder quality, ownership discipline, secondary liquidity, and long time horizons still matter more than hype, and why China, photonics, and AI-driven displacement could reshape the next cycle.
