Episode #24: LP POV on Secondaries, CoreWeave/NVIDIA Growth Loop, Questioning Traditional Reserves Strategies

This episode of The Learning Corner kicks off with an introduction and overview, setting the stage for a deep dive into Cendana Capital's unique approach to secondaries and small fund liquidity. The conversation moves on to the concept of tourist fund managers, offering insights on how founders can evaluate them effectively. The growth of CoreWeave under the influence of NVIDIA is explored, raising questions about the sustainability of AI infrastructure companies. The discussion then shifts to the challenges surrounding reserve funds and follow-on investments. The episode wraps up by examining the balance between supporting founders and adhering to investment strategy, concluding with closing remarks and gratitude to listeners.

Here’s why seed fund investor Michael Kim of Cendana Capital says last year was among his most liquid by StrictlyVC Download ‘Project Osprey:’ How Nvidia Seeded CoreWeave’s Rise by The Information Questioning the Conventional Wisdom of the Reserve Fund by Clint Korver

(0:18) Introduction and episode overview (0:50) Cendana Capital's approach to secondaries and small fund liquidity (3:34) Tourist fund managers and evaluating them for founders (6:23) NVIDIA and the growth of CoreWeave (9:27) Sustainability of AI infrastructure companies (10:15) Reserve funds and follow-on investment challenges (14:21) Balancing founder support with investment strategy (16:42) Closing remarks and thank you to listeners