Zeev: Many VC partnerships hide severe internal dysfunction from LPs
Oren Zeev · 20VC: Oren Zeev on Why Diversification Does Not Work, Thesis Based Investing Is Sceptical & Partners Mostly Stay Together For LPs · Nov 6, 2017 · at 10:13
Oren Zeev, founder of Zeev Ventures and former partner at Apax Partners, discusses structural dysfunctions and internal friction within traditional venture capital partnerships.
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“I think many, many partnerships are much more dysfunctional Then you would see from the outside, and there is a lot of, often, tensions between, you would think that partners need to be, you know, you would expect that partners are best friends, and really think very highly of each other. Sometimes it's the case, but more often than not, it's not, because they didn't necessarily choose to be, you know, partners. Again, the older the partnership is, people joined, it wasn't everyone's decision, and frustration sometimes built up. Again, it's like families, you know, sometimes they're dysfunctional, they're But unlike families, by the way, partnerships, VC partnerships have the interest of keeping it to themselves, because God forbid, they don't want the LPs to know how much they hate each other.”
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