Betabeat ran into a precocious young man last night named Oren Bennett. “Don’t I know you from somewhere?” he asked us as we grabbed some pita and hummus from the snack table at the Brooklyn Beta party. We shook our heads no, and asked if he was a startup guy.
“No, although I do love startups. I’m starting my own venture fund,” Mr. Bennet informed us.
Did he have any experience in venture capital?
“Well I have been to Startup Weekend in NYC here twice and I attend more events than a lot of people.”
Right, but what about experience in finance? Who in their right mind would give money to a 21-year-old kid to invest?
“I’ve been talking with Peter Thiel and he doesn’t seem to think experience is that important. Also Brad Feld, Esther Dyson and a number of others are interested.”
Did he have some kind of investment thesis or technical expertise that would appeal to these venture veterans?
“My plan is just to be faster, much faster than anyone else. I think in today’s market, that is what matters the most.”
We wanted to say something about how venture funds operate on a ten-year cycle, but decided to get a beer instead.