This Week in Startups

Jordan Stein from Cresset Partners on VC dynamics, evaluating emerging managers, & more! | E1901

Feb 21, 2024
Jordan Stein, Director of Cresset Partners’ Venture Capital Investment Practice, shares insights from his extensive experience in the VC world. He discusses the firm’s motivations behind investing, the intriguing phenomenon of venture tourism, and the Power Law's influence on risk-taking. Stein also delves into the evaluation of both emerging and established VC managers, highlighting the significance of relationships and aligned values in investment decisions, along with innovative strategies for wealthy investors facing the venture capital landscape.
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INSIGHT

Venture Capital: High Returns, Difficult Access

  • Venture capital has driven significant returns, but access can be difficult.
  • Cresset Partners aims to provide access to top-quartile venture capital managers.
INSIGHT

Venture Capitalists: Unique and Oversubscribed

  • Venture capitalists are unique and don't answer to anyone.
  • Top venture capital funds are oversubscribed, giving them the power to choose their investors.
ANECDOTE

Cresset Partners' Founding and Growth

  • Cresset Partners started in 2017 because the founders couldn't find a multi-family office they liked.
  • They grew rapidly and attracted external investors interested in their venture capital access.
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