Jordan Stein from Cresset Partners on VC dynamics, evaluating emerging managers, & more! | E1901
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 21 February 2024
⏱️ 57 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
LinkedIn Ads. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to http://linkedin.com/angelpod
Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.
Lemon.io - Hire pre-vetted remote developers, get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
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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!
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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
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Check out Cresset Partners:
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Follow Jordan:
LinkedIn: https://www.linkedin.com/in/jordan-stein17
Follow Jason:
X: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(11:24) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod
(20:00) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist
(34:43) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Subscribe to the Founder University Podcast: https://www.founder.university/podcast
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I think the chance of winning the lottery and take the navy of it, do whatever you want with it and |
| 0:04.0 | compared to like low, like bottom four tile venture and it's not as good. |
| 0:07.4 | Somebody make a chart of that. I'm going to, that's a really good blog post I should do. |
| 0:10.8 | But like if you took scratch off tickets and you took the bottom |
| 0:15.2 | quartile of venture capital better off putting in a venture capital so maybe they |
| 0:19.2 | should have scratch off tickets and you scratch it off and you get a certain amount put into a |
| 0:23.3 | venture. I love it yeah which one that would be fantastic I'm in. Scratch it off you got |
| 0:28.3 | oh I got three Sequoia is I mean one more Sequoia to get in there. |
| 0:31.6 | This weekend startups is brought to you by LinkedIn Ads. |
| 0:36.0 | To redeem a $100 LinkedIn ad credit and launch your first campaign, |
| 0:40.0 | go to LinkedIn. |
| 0:43.0 | Squirespace, turn your idea into a new website. |
| 0:47.0 | Go to Squarespace. |
| 0:48.0 | Go to Squarespace.com slash Twist for a free trial. |
| 0:51.0 | When you're ready to launch, use offer code twist to save 10% off your first purchase of a website or domain. |
| 0:57.0 | And Lemon.io. |
| 1:00.0 | Need to speed up your product development without draining your budget |
| 1:03.2 | hire vetted engineers from Europe at lemon dot i.o. Go to lemon dot io slash twist to get 15% off for the first four weeks. |
| 1:12.1 | All right everybody welcome, welcome back. |
| 1:14.0 | This is the final season of what we've been calling Angel here |
| 1:17.5 | at this week in startups. |
| 1:18.5 | You know, when I came out with the book Angel, |
... |
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