

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
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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Comparing Downturns
- Oren Zeev compares the current tech downturn to the dot-com crash and 2008.
- The dot-com crash was "nuclear" with businesses collapsing, while 2008 had a broader impact but less severe in tech.
Handling Downturn Psychology
- Don't over-obsess with past investment mistakes in a downturn.
- Focus on future opportunities and provide positive support to founders.
Temporal Diversification
- Oren Zeev argues against temporal diversification, prioritizing good deals over timing.
- He raised three funds in 2021 and doesn't adjust his pace based on market conditions.