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July 24, 2023

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

E2: Jordan Stein | How Cresset Partners Raised $40B and Invested in Andreessen Horowitz and 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.

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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Run the Numbers is a weekly podcast about financial metrics and business models, designed for ambitious people operating tech startups. It's a collection of things host CJ Gustafson (CFO at Partstech and writer of Mostly Metrics) has learned and thought about in the trenches as a tech CFO. Subscribe to listen on the platform of your choice: https://link.chtbl.com/runthenumbers

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


TIMESTAMPS:

(00:00) Episode Preview

(01:28) Allocating the venture capital space

(05:29) Building his portfolio

(08:56) 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


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.