20VC: Oren Zeev on Raising 3 Funds and $1BN in 12 Months; Why Temporal Diversification is BS, Why Both LPs and GPs are Way Over-Diversified & Why Venture Partnerships are Sub-Optimal and Challenging

Oren Zeev, founding partner of Zeev Ventures, discusses his contrarian investment strategies and experiences navigating various market crashes. Zeev differentiates the current market from the dot-com bust, noting stronger business fundamentals despite valuation drops. He advises early-career investors to avoid fixating on past mistakes and focus on future opportunities. Zeev also critiques venture capital norms such as temporal diversification, excessive diversification among LPs, and the pressure to protect ownership percentages, advocating instead for opportunistic deal-making based on individual merit and founder alignment. He emphasizes the importance of prioritizing founders as customers and being the best alternative for them, rather than catering to LP pressures or industry conventions.