Zeev: Technology is only 5% of defensibility in complex businesses
Oren Zeev · Oren Zeev: Why AI Growth Expectations Are BS & Won't Last? Why GPs Shouldn't Tell LPs Their Strategy · Feb 2, 2026 · at 8:31
Oren Zeev, founder of Zeev Ventures, explains why operationally complex incumbents are insulated from AI disruption compared to simple software tools.
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“The more operationally complex a business is, the more it's about distribution. The more it's about integration with source and with other pieces of software or content in the case of Navan or part of the ecosystem, the more the more it's in a regulated, this is not about Navan, but the more it's in a regulated environment where there's a lot of licenses and stuff The harder it's going to be, because, you know, the technology, okay, so someone can develop the technology, but technology is five percent of it, you know, you have the, you have all, so many other things.”
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