The LP Perspective: Michael Kim
b'Michael Kim (@MKRocks), founder and managing partner of Cendana Capital, joins Erik on this episode to talk about what LPs look for in venture funds and the future of the industry.
They discuss:
- The reasons for the proliferation of seed funds over the past few years.
- The rise of the "super angels."
- Why portfolio construction is so important to Cendana when they\'re looking at a fund.
- How he evaluates a fund to see whether their thesis can generate the right returns.
- Why he\\u2019s \\u201cnot looking for the ETF of seed investing.\\u201d
- In which geographies they\\u2019re looking for emerging fund managers.
- The rise of YC and the economics of accelerators.
- What the next 5-10 years will look like for the industry, including whether there\\u2019s a \\u201creckoning\\u201d ahead.
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Venture Stories is brought to you by Village Global and is hosted by co-founder and partner, Erik Torenberg.'