E2: Jordan Stein | How Cresset Partners Raised $40B, Invested in Andreessen Horowitz + Founders Fund

David Weisburd sits down with Jordan Stein, Director of Venture Capital at Cresset Partners. a large multifamily office with over $45 billion in assets under management and a prolific limited partner and storied venture franchises, including Andreessen Horowitz, Lightspeed, and Founders Fund.

This podcast is proudly sponsored by Angellist. Visit www.angellist.com/tlp if you’re ready to level up your startup or fund.

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The Limited Partner Podcast is part of the Turpentine podcast network. Learn more: Turpentine.co

X:

• @dweisburd (David)
• @eriktorenberg (Erik)
• @cresset_capital (Cresset)

LINKS:

• https://cressetcapital.com/

SPONSOR:

The Limited Partner Podcast is proudly sponsored by AngelList. -If you’re in private markets, you’ll love AngelList’s new suite of software products. -for private companies, thousands of startups from $4M to $4B in valuation have switched to AngelList for cap table management. It’s a modern, intelligent, equity management platform that offers equity issuance, employee stock plan management, 409A valuations, and more. -If you’re a founder or investor, you’ll know AngelList builds software that powers the startup economy. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.

(0:00) Episode Preview (1:28) Allocating the venture capital space (5:29) Building his portfolio (8:56) Evaluating emerging managers (13:05)Main mistakes for first-time LPs (15:20)Sponsor: AngelList (16:27)Concerns of VC in 2023(18:40)Range of allocators (23:30)Practices and mistakes in co-investing (27:04)Co-invest programs (31:03)Cresset Partners