Oren Zeev, founder of Zeev Ventures, addresses LP criticisms that he deploys fund capital too rapidly across short timeframes.
Disclosure
Zeev: I banned an LP who complained about rapid fund deployment
“I had a, an LP who joined in the third fund, and four months later, I tell him that you know, I'm raising our fine for, I finished, I'm raising, and he totally freaked out, and he started lecturing me on, he didn't call it what you called it, he called it vint…”
Opinion
Zeev: Predictions that AI will kill software incumbents are provocative BS
“So the bottom line is, I think this notion that all the incumbents are going to die, you know, this notion that is being promoted by some People who I think whose main motivation is to make provocative statements, you know and get attention as thought leaders …”
Insight
Zeev: GP-level diversification provides no value to LPs
“By the way, from the LP perspective, diversification at the level of the GP makes no sense, because they have multiple GPs, so, so the diversification gives nothing to LPs.”
Opinion
Oren Zeev: Traditional mid-sized VC partnerships are in deep trouble
“If you are traditional five, six person partnership without anything Very, very, very unique and special in the friendship that you bring to the table, then yes, I think you are in trouble because it's almost like, you know, worse off. On one hand, you're not …”
Insight
Zeev: Mid-Tier VCs Inflate Paper Marks to Survive Fundraising
“However, if you if you are a fund that is more middle of the road and you're not sure how Is it gonna be a raise or not? You're gonna find any excuse to keep the prices up, right? To look good on paper.”
Insight
Zeev: Partners in large VC firms prioritize personal deals over fund performance
“You know, if the typical, if a partner in a in a partnership, especially large partnership with some, with politics and all that they're much more interested in their investments succeeding than anything else because that's their career.”