Portfolio Construction - What's the Average Check Size?

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

We divide the world into three buckets, and a for each bucket, we write a different kind of check. We make those investments with an eye toward converting them into a corps. But we also have a pilot programme where we write one million dollar checks to groups that we like but there are some questions about their strategy or story. Andndand keep an eyen how the market is....

0:38 Jason talks about the now fully-virtual LAUNCH Accelerator and intros Cendana Capital's Michael Kim
2:47 What is a fund of funds & why do they exist? History of raising Cendana's first fund
6:06 Portfolio construction of fund of funds
10:19 Why ownership percentage is paramount, ideal ownership % for Seed funds, what makes a great Seed fund manager
17:04 How do fund of funds make money?
18:51 Hedging bets by selling secondary shares to generate liquid cash for LPs
24:33 Michael on Call of Duty, using secondary shares to win a deal
30:46 What was the greatest Seed fund ever raised?
32:42 What is the ideal number of managers in a Seed fund?
36:38 What has the last 90 days been like for Cendana? Influx of new fund managers into the market
41:50 How fast is Cendana in making decisions compared to institutional LPs?
44:47 Will there be a wave of white-collar layoffs, and how will COVID change large tech companies?
52:29 Writing small "pilot" checks over Zoom, venture/growth fund deployment, which companies in non-obvious markets will come out of COVID in great shape?
1:03:37 Robinhood as an acquisition target (Should Facebook buy it?), Dropbox/Slack merger
1:06:17 Why right now is the best time to invest in the early-stage