This Week in Startups

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

Feb 21, 2024

57:05

Snipd AI

Jordan Stein from Cresset Partners discusses VC dynamics, venture tourism, Power Law in VC, co-invest program, evaluating emerging managers, distinguishing 'Likely Winners' vs 'Definitive Winners', and more on the podcast

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Quick takeaways

Investing in top-quartile managers enhances investment portfolios for family offices.

Emerging VC managers face challenges in securing capital amid oversubscribed funds.

Distinguishing likely and definitive winners aids in optimizing venture capital returns.

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.

Introduction

4min

Navigating the Landscape of Venture Capital Investments

5min

Venture Fund Growth Trajectory and Strategic Partnerships

4min

Navigating Venture Capital Dynamics in the United States

6min

Shift in Investment Environment and Importance of Website Design

3min

Co-Investment Opportunities in Fund-of-Funds Strategies

5min

Exploring Venture Capital Investment Strategies and Risk Management

3min

Exploring Challenges of Predicting Winners and Achieving Extraordinary Returns in Venture Capital

2min

Exploring Concentrated Ownership, Identifying Winners, and Evaluating Emerging Managers in Venture Capital

4min

10.

Evaluating Emerging Managers in Venture Capital

21min

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Todays show:

Jordan Stein from Cresset Partners joins Jason to discuss the firms motivation for investing in venture capital (1:12), the state of venture tourism (12:45), the Power Law and risk-taking in VC (29:26), and much more!

Timestamps:

(0:00) Jordan Stein from Cresset Partners joins Jason

(1:12) Cresset Partners’ motivation for investing in venture capital

(11:24) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod

(12:45) The state of venture tourism

(20:00) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist

(21:25) Cresset Partners’ co-invest program

(29:26) Jordan's perspective on the Power Law and risk-taking in VC

(34:43) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

(35:47) How Cresset Partners evaluates established and emerging VC managers

(43:02) Jason's framework for distinguishing "Likely Winners" vs "Definitive Winners”

(43:45) Cresset Partners’ goal of democratizing wealth management and VC access