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.
57:05
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Investing in top-quartile managers enhances investment portfolios for family offices.
- Emerging VC managers face challenges in securing capital amid oversubscribed funds.
Deep dives
The Importance of Venture Capital in Wealth Management
Venture capital is viewed as a lucrative investment avenue due to its historical returns and potential for high growth. Despite the challenges of accessing top-tier venture managers, the strategy remains attractive for family offices aiming for diversified asset allocation. Crescent Partners, as a multi-family office managing investments for ultra-high net worth individuals, emphasizes the significance of providing exposure to top-quartile managers to enhance clients' investment portfolios.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
