E59: How Jordan Nel Spots Winning Venture Funds

Jordan Nel sits down with David Weisburd to discuss how to spot winning venture funds. In addition, they discuss portfolio construction and concentration, the scalability of venture funds and difficult conversations with GPs.

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X / Twitter:

@dweisburd (David Weisburd)

@jordsnel (Jordan Nel)

@HummingbirdVC

LinkedIn:

Jordan Nel: https://www.linkedin.com/in/jordsnel/

David Weisburd: https://www.linkedin.com/in/dweisburd/

Hummingbird Ventures: https://www.linkedin.com/company/hummigbird-ventures/

LINKS:

Hummingbird Ventures: https://www.hummingbird.vc/

NEWSLETTER:

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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com

TIMESTAMPS:

(0:00) Introduction and Overview of the Episode

(1:12) Genesis of Jordan Nel's Fund and Current Strategy

(3:21) Evaluating Founders and the Importance of their Background

(6:38) Importance of Urgency in Management and Entrepreneurship

(8:17) Portfolio Construction and Concentration

(10:47) Sponsor: Deel HR and Payroll Platform

(11:13) Why Small Funds Outperform Large Funds

(14:10) Understanding the LP Base and LP Demands

(17:32) Providing Value-Add as an LP and Tackling Challenging Conversations with GPs

(21:07) Interacting in the LP Ecosystem and Strategy for Follow-On Investments