The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Oren Zeev on Raising 3 Funds and $1BN in 12 Months; Why Temporal Diversification is BS, Why Both LPs and GPs are Way Over-Diversified & Why Venture Partnerships are Sub-Optimal and Challenging
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May 23, 2022 
Oren Zeev, Founding Partner at Zeev Ventures, is a pioneer of solo capitalism, having invested in notable companies like Audible and Houzz. In this conversation, he argues that the benefits of temporal diversification are overstated and shares insights on raising three funds totaling over $1BN in just a year. Oren challenges traditional partnership models in venture capital, advocating for independent decision-making. He also emphasizes the importance of ownership psychology and maintaining a founder-centric approach in investment strategies.
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Ownership vs. Impact
- Ownership percentage isn't important in itself; potential impact on the fund matters more.
- Oren Zeev invested in Uber Freight despite low ownership because of its potential high returns.
Partnership Challenges
- Venture partnerships can create unnecessary pressure on partners, leading to less optimal decisions.
- Partners prioritize deals they can get approved, not necessarily the most exciting ones.
Managing LPs
- Set deadlines for LPs, even if generous, to avoid unnecessary delays in decision-making.
- If they miss the deadline, they likely won't invest, and that's okay.
