Jordan Stein from Cresset Partners on VC dynamics, evaluating emerging managers, & more! | E1901
Jordan Stein from Cresset Partners joins Jason to discuss the firms motivation for investing in venture capital, the state of venture tourism, the Power Law and risk-taking in VC, and much more!
Key Points
- Venture capital has historically driven significant returns, but access to top venture managers is crucial as not all investment opportunities are equal, with the best managers often being oversubscribed and selective about their LPs.
- Building a venture capital practice involves evaluating fund managers on their ability to access the best opportunities, win investments, and the added value they provide to founders, with a heavy reliance on networks and trust within the industry.
- The democratization of venture capital is an important trend, with more individuals showing interest in investing in VC, but regulatory changes are needed to make it more accessible to non-qualified purchasers and accredited investors.
Chapters
0:00 | |
1:12 | |
11:24 | |
12:45 | |
20:00 | |
20:54 | |
28:55 | |
34:12 | |
35:16 | |
42:31 | |
43:14 | |
45:04 | |
50:09 | |
52:12 | |
56:17 | |
57:01 |
Transcript
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