Origins Ep. 6 — Michael Kim, Founder of Cendana Capital
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Michael Kim started Cendana Capital in 2010 because he noticed a sea change in early-stage venture capital before almost any other LP. The emergence of “micro-funds”, now somewhat commonplace, was then a new and unproven model. He focused Cendana specifically on these emerging funds and managers, and it’s worked damn well since. Cendana remains the only pure play micro-VC fund of funds in the market today.
In this episode, we particularly loved chatting with Michael about forming Cendana Capital’s first fund. It turns out it’s hard for pretty much everyone to get started — founder, VC or LP. We also cover his time as a trustee of the San Francisco Employee Retirement System ($20B pension fund), and of course lots of the incredible firms he’s backed, often as the first institutional investor, including Lerer Ventures, IA Ventures, Forerunner Ventures, K9 Ventures, SoftTech VC…we could go on :-)
We hope you’ll listen, subscribe, and as always, let us know if you have any feedback or ideas for the show!
— Nick + Alex