Zeev: Founder secondaries increase ambition by reducing personal financial pressure
Oren Zeev · 20VC: Oren Zeev on Why Diversification Is Overrated, The Downside of Thematic Investing, Making Quality Decisions In Uncertain Conditions & Why He Has No Reserves Allocation · Jun 29, 2020 · at 31:31
Oren Zeev, founder of Zeev Ventures, argues in favor of founder secondary sales during venture rounds, rejecting the common VC view that founders must stay financially strained to remain driven.
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“The fact that you let them Take money off the table actually brings better alignment. Even a significant amount, even if it's five or ten million, they're much more likely to try to hit for the fences and not take the first couple of hundred million dollar acquisition offer because they just cannot say no to a few tens of millions of dollars.”
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