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
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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/
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LINKS:
Hummingbird Ventures: https://www.hummingbird.vc/
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NEWSLETTER:
By popular demand, we’ve launched the 10X Capital Podcast newsletter, which offers this week’s venture capital and limited partner news in digestible news bites delivered straight to your email. To subscribe please visit: http://10xcapital.beehiiv.com/
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Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com
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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
(24:54) The Role of Judgment and Diligence in Investment Decisions
(28:52) Insider Investing and Differentiating Between Saving an Investment and Doubling on an Asymmetric Edge
(30:51) Conclusion and Invitation to Subscribe to the 10X Capital Podcast on YouTube
