Zeev: Quick 2-3x venture exits are worth taking via capital recycling
Oren Zeev · Oren Zeev: How I Raised $1 BILLION in 12 Months | 20VC #888 · 20VC with Harry Stebbings · May 24, 2022 · at 45:52
Oren Zeev, solo GP at Zeev Ventures, explains why passing on D Local out of fear of an early low-multiple acquisition was a strategic error.
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“And this is a teachable moment for me because next time, if the risk is that I only make two or three X, quickly, not after five years, then I should have done it. And I'll tell you why, because I totally forgot that I could recycle the money. So in the unfortunate quote unquote event that they would have sold and I would have only made two or three times the money after six months, I would just invested it again. I didn't have to bring to pay, you know, I didn't have to distribute it back to LPs.”
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