Zeev: Management fees exceed carry value in mega VC funds
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 46:03
Oren Zeev is a solo venture capitalist managing over $2.7B at Zeev Ventures. He discusses how fee economics in multi-billion dollar VC funds create misalignments between GPs and LPs.
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“Look, especially in the larger funds the compensation that the V, that the GP gets from the management fee, especially if you account for time value of money is typically greater than the than the upside.”
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