Jordan Stein

Dave McClure, the founder of 500 Startups, and Jordan Stein from Cresset Partners dive into the world of venture capital, discussing their unique insights on Y Combinator's impact on the startup ecosystem. They debate the merits of the 'spray and pray' investment strategy while highlighting challenges in evaluating startups, especially during volatile market conditions. The conversation also touches on the importance of investing in outliers and harnessing talent from Latin America. The duo shares behind-the-scenes wisdom about navigating current trends and competitive dynamics in startup funding.

Dave McClure and Jordan Stein discuss YC investing, the role of secondary funds, and betting on outliers in the venture capital industry. They explore entry point evaluation, the rise of capital call requests, and the decision-making process for doubling down on successful startups.

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.