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Michael Kim
2,644 posts
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Michael Kim
@MKRocks
Founder of @CendanaCapital
San Francisco, California
cendanacapital.com
Joined February 2008
3,427
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  • Pinned
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    Michael Kim
    @MKRocks
    Mar 18, 2025
    Today, we are announcing our new fund, @CendanaCapital 6. It was our fastest fundraise ever, and had interest well above our $400M hard cap. We added a handful of new institutional LPs–including for the first time, 2 public pension funds. We are particularly keen that a number of
    44K
  • user avatar
    Michael Kim
    @MKRocks
    Apr 1, 2021
    Our investment thesis at Cendana Capital is that smaller funds outperform.   We’ve now taken that to the nano level with our new Cendana Nano fund—focusing on investing in sub $15MM seed and pre-seed VC funds. 
    techcrunch.com
    Cendana has raised a $30 million 'fund of funds' for VCs managing $15 million or less | TechCrunch
    Cendana Capital, a San Francisco-based fund of funds manager, has amassed stakes in more than 100 venture firms since launching in 2010. For the most
  • user avatar
    Michael Kim
    @MKRocks
    Feb 24, 2025
    15 years ago today, I formed Cendana Capital, with the thesis that smaller funds outperform and that Seed VC would become de facto early stage venture capital. We are clearly standing on the shoulder of some great GPs that we have partnered with over the years, and some that
    37K
  • user avatar
    Michael Kim
    @MKRocks
    Sep 18, 2024
    LPs and GPs, it’s often said that fund size determines strategy and that’s very true for portfolio construction. But, another element on fund size is what the total value of exits need to be. A simple rule is what I’ll call the Rule of 30. This assumes that a fund owns 10%
    43K
  • user avatar
    Michael Kim
    @MKRocks
    Apr 11, 2024
    LPs want liquidity--and now we are here to help! Very excited to announce our new secondaries fund, for which we partnered with Kline Hill Partners Substantially oversubscribed at $105M, the intent is to deploy this capital through the end of this year. The focus will be
    54K
  • user avatar
    Michael Kim
    @MKRocks
    Sep 11, 2023
    Fundraising is an intrinsic element for most in the venture capital world, the continuous dynamic of providing opportunities to global investors with the conviction that your opportunity provides the solution investors seek. Given this hyper-competitive marketplace of ideas,
    67K
  • user avatar
    Michael Kim
    @MKRocks
    Mar 20, 2014
    Best all time venture investment in absolute dollars? $20MM into Alibaba by SoftBank now worth $60Bn.
  • user avatar
    Michael Kim
    @MKRocks
    Feb 16, 2024
    That’s a wrap on our now biannual @CendanaCapital LP/GP Summit. We hosted 110 of our LPs and GPs in Vail, and created some magical moments❤️🔥
    16K
  • user avatar
    Michael Kim
    @MKRocks
    Nov 20, 2019
    Amazing outcome for @honey--super happy for the team and for our portfolio fund @mucker. Also pleased to have been a direct investor--thank you @ersf! techcrunch.com/2019/11/20/pay…
  • user avatar
    Michael Kim
    @MKRocks
    Jul 31, 2025
    I launched Cendana 15 years ago--it was just me for the first 4 years, then @GrahamPingree in 2014 and @Kells_Bells in 2018. Today, we are a team of 13 (and soon to be 16!). @ThomasIkeda joined us in 2021 and has consistently done a phenomenal job so today, we are very
    user avatar
    Cendana Capital
    @CendanaCapital
    Jul 31, 2025
    We at @CendanaCapital are very excited to announce that @ThomasIkeda has been promoted to Principal. Thomas has all of the hallmarks that we seek in our team—high horsepower, high agency and an entrepreneurial mindset. And, he harnesses these powers in a thoughtful, humble,
    8K
  • user avatar
    Michael Kim
    @MKRocks
    Dec 20, 2021
    Very proud to be the anchor LP in the new Page Two as well as the first Page One. We are building the library with @jmj and @chapterone mirror.xyz/chapterone.eth…
  • user avatar
    Michael Kim
    @MKRocks
    Feb 1, 2024
    Very excited to partner with @jaltma his new fund. Let’s just say the founder references that we did were pretty darn good 😉. theinformation.com/articles/alt-c…?
    Alt Capital Raises $150 Million Fund, Extending Altman Brothers’ Funding Spree
    From theinformation.com
    17K
  • user avatar
    Michael Kim
    @MKRocks
    Aug 5, 2024
    Nice to see @PitchBook recognize @CendanaCapital as a Top Decile fund of funds 💥
    10K
  • user avatar
    Michael Kim
    @MKRocks
    Jun 26, 2024
    One metric that LPs should consider is the specific impact a single company can have on their own portfolio. One way to assess this is the look-through ownership percentage. Two contrasting examples: Assume a $45M portfolio fund where the LP makes a $15M commitment (33% of the
    19K

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