The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: 50% of Funds Will Go Out of Business | Why Growth Expectations Today are BS and Will Not Last | Why Oren Zeev Takes $0 Management Fees But 30% Carry | Why GPs Should Not Tell LPs Their Strategy
161 snips
Feb 2, 2026 
Oren Zeev, a solo VC with $1B+ AUM and hits like Navan and Audible, explains his radical-alignment approach. He debates AI winners versus victims. He warns against chasing hyper-growth and predicts a VC shakeout where many funds fail. He explains his zero management fee / high carry structure and why managers should hide strategy from LPs.
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Contrarian Bets Become Market Leaders
- Great outcomes are often contrarian and look wrong at the start.
- Being right and contrarian allows building significant moats with limited early competition.
Check AI Beneficiary Status
- Always ask if a company is a likely beneficiary of AI before investing.
- Avoid investments that are likely AI victims or neutral with respect to AI impact.
Incumbents Are Mispriced During AI Shift
- Markets discount incumbents broadly while they sort which will be harmed or helped by AI.
- Some incumbents will be huge beneficiaries once the market differentiates them.
