Michael Kim

Michael Kim, Founder of Cendana Capital, shares his insights into the world of venture capital. He discusses the critical traits of successful investors and how Cendana conducts due diligence on fund managers. Michael introduces his '60x rule' for returns and explains the competitive dynamics between seed and multi-stage funds. He also reveals how AI is reshaping fund management and why secondaries are crucial for early-stage ventures. Plus, he shares personal stories, including his challenging early days and his surprising hobby as a top gamer in Call of Duty.

Michael Kim, a fund of funds manager at Cendana Capital, specializes in seed and pre-seed investments. He discusses the pivotal role of fund of funds in venture capital, detailing their strengths and how they support smaller funds. Michael dives into the appeal of early-stage investments for limited partners, the rise of micro VCs, and the significance of examining alpha and beta in investment strategies. He also shares insights on current market trends and the future outlook for startups, highlighting the shifting dynamics in the funding landscape.

Michael Kim, Founder of Cendana Capital, joins Jason Calacanis and David Weisburd to delve into the nuances of venture capital. They discuss the doubts limited partners (LPs) share regarding how general partners (GPs) mark startups, stressing the need for transparency and consistency. The trio also explores recent industry shifts, like Keith Rabois's move from Founders Fund to Khosla Ventures, and the ethical implications of founder liquidity and secondary sales, revealing the complexities of maintaining trust and relationships in the ever-evolving startup landscape.