10X Capital Podcast
The 10X Capital podcast interviews the world's premier institutional investors to deliver insights on how they manage their capital. Interview topics include investment decision frameworks, capital allocation strategies, GP/LP relationships and many more.
E2: Jordan Stein | How Cresset Partners Raised $40B, Invested in Andreessen Horowitz + Founders Fund
David Weisburd sits down with Jordan Stein, Director of Venture Capital at Cresset Partners. a large multifamily office with over $45 billion in assets under management and a prolific limited partner and storied venture franchises, including Andreessen Horowitz, Lightspeed, and Founders Fund.
Key Points
- Jordan Stein underscores the importance of access to top-tier venture capital firms, emphasizing that without it, the dispersion in returns makes investing in venture capital less worthwhile.
- Evaluating emerging managers requires a thorough look at their edge in sourcing and winning deals, as well as referencing their track record and the value they add to portfolio companies.
- First-time limited partners often make the mistake of being easily wooed by venture capital firms without conducting deep due diligence or understanding the broader venture capital ecosystem.
Chapters
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| 0:59 | |
| 5:29 | |
| 13:06 | |
| 15:20 | |
| 16:27 | |
| 23:31 | |
| 27:05 | |
| 31:03 | |
| 34:45 |
Transcript
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