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
- Emerging managers in venture capital often have a strong drive to succeed and demonstrate a "killer instinct," which can lead to their funds outperforming later funds due to their hunger and motivation to make a name for themselves.
- Access to top-tier venture capital firms is crucial for LPs, and establishing relationships and proving the ability to contribute significant capital consistently are key strategies for gaining entry into these sought-after funds.
- Co-investing in venture capital can be challenging, and it's important for LPs to have the resources and expertise to conduct thorough due diligence, as well as to work proactively with GPs to identify and understand potential co-investment opportunities.
This podcast is proudly sponsored by Angellist. Visit www.angellist.com/tlp if you’re ready to level up your startup or fund.
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The Limited Partner Podcast is part of the Turpentine podcast network. Learn more: Turpentine.co
X:
- @dweisburd (David)
- @eriktorenberg (Erik)
- @cresset_capital (Cresset)
LINKS:
SPONSOR:
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Transcript
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