How I Invest with David Weisburd E59: How Jordan Nel Spots Winning Venture Funds
Apr 16, 2024
Jordan Nel, an expert in spotting winning venture funds, discusses portfolio construction, fund scalability, and difficult conversations with GPs. They explore why small funds outperform large ones, navigating venture fund dynamics, LP agreements, and balancing judgment in VC investing. Insights on preempting rounds and insider knowledge.
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Back Small Funds With Unique Judgment
- Nomads backs small, early-stage funds that show unique judgment rather than just sourcing advantages.
- They target GPs with contrarian founder lenses and deep, non-consensus domain insights.
Nonlinear Founders Signal Edge
- Jordan values founders who are non-linear and comfortable taking contrarian positions.
- He treats unusual backgrounds as signals of differentiated motivation and perspective.
Urgency Trumps Mere Endurance
- A founder's 'chip on the shoulder' signals urgency and desire to prove others wrong, which can drive outsized outcomes.
- Urgency in execution matters more than mere endurance through hardship.