Cendana Capital

6 statements across 1 episodes · 2 bullish · 2 bearish · 1 people on the record · first statement Jul 6, 2016 by Michael Kim · said 27 times in 11 episodes since 2016 · across every show →

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brought up most by Harry Stebbings (26), Rob Go (1)

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2016 17 mentions in 3 episodes 6 per episode

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Everything said about Cendana Capital, oldest first

Jul 6, 2016 negative
Insight
Kim: 1% seed stakes do not move the needle in typical exits
“The typical venture exit is between 50 to a hundred million. If you own 10% of that company, that's ten million dollars back at a hundred million dollar exit. Ten million back to a seed fund is very meaningful. If you own one percent, you get the same kind of …”
Michael Kim Jul 6, 2016 ▶ 16:50 20VC: What It Takes To Raise A VC Fund & Investing in First Time Fund Managers with Michael Kim @ Cendana Capital
Jul 6, 2016 negative
Prediction Held up
Kim: Cendana Capital has zero interest in becoming a multi-billion dollar fund
“So we have zero interest in becoming a multi-billion dollar asset gatherer and living off our fees and having swanky offices.”
Michael Kim Jul 6, 2016 ▶ 26:09 20VC: What It Takes To Raise A VC Fund & Investing in First Time Fund Managers with Michael Kim @ Cendana Capital
Jul 6, 2016 positive
Disclosure
Kim: Cendana Capital's seed portfolio mortality rate is currently under 10%
“I will tell you that through our portfolio, Of 700 companies or more, our mortality rate right now is less than 10%. What I mean by that is companies that have shut down, companies that have been written as zero.”
Michael Kim Jul 6, 2016 ▶ 21:41 20VC: What It Takes To Raise A VC Fund & Investing in First Time Fund Managers with Michael Kim @ Cendana Capital
Jul 6, 2016 neutral
Assertion Not checkable as stated
Kim: Institutional LPs have already exhausted their 2016 annual capital budgets
“A lot of them did, and so now institutional LPs are largely out of capital for the year. A number of LPs I know have already spent their budget or have already allocated their budget to these re-ups, and it's also not just in the U.S. There are a lot of re-ups…”
Michael Kim Jul 6, 2016 ▶ 19:41 20VC: What It Takes To Raise A VC Fund & Investing in First Time Fund Managers with Michael Kim @ Cendana Capital
Jul 6, 2016 bullish
Prediction Not publicly verifiable
Kim predicts long-term seed startup mortality rate will be 25% to 30%
“And, you know, I do think that the longer term sort of steady state mortality rate is probably 25% to 30%, but I don't think it's 80%, but we'll see.”
Michael Kim Jul 6, 2016 ▶ 21:54 20VC: What It Takes To Raise A VC Fund & Investing in First Time Fund Managers with Michael Kim @ Cendana Capital
Jul 6, 2016 neutral
Prediction Not checkable as stated
Kim predicts only 1-2 of Cendana's 18 funds will reach Sequoia status
“I would say that to be realistic, maybe one or two out of You know, the 18 plus funds that we work with may ultimately emerge in that category”
Michael Kim Jul 6, 2016 ▶ 15:44 20VC: What It Takes To Raise A VC Fund & Investing in First Time Fund Managers with Michael Kim @ Cendana Capital
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