Michael Kim

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Michael Kim

Michael Kim

@MKRocks

Founder of @CendanaCapital

San Francisco, California Katılım Şubat 2008
3.4K Takip Edilen7.7K Takipçiler
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Michael Kim
Michael Kim@MKRocks·
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 our LPs are mission driven–they are the financial engines for a number of world-class educational and not-for-profit organizations, and of course, public pension funds that provide the retirement benefits to their members. We are grateful for the trust and support of our LPs! Armed with the pattern recognition built over the past 15 years, and the willingness to be both creative and open to refining our approach, we are super excited about the opportunities over the next few years. Chaos is a ladder–for most people, chaos leads to confusion, inaction and ultimately failure. If we remain clear-eyed about our mission, execute accordingly and become true partners along the way to our LPs and to our GPs, we are confident that we can lead the way. More detail here about our focus: @CendanaCapital/announcing-cendana-6-our-new-chapter-in-very-early-stage-venture-0ffb923ea677" target="_blank" rel="nofollow noopener">medium.com/@CendanaCapita
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Michael Kim
Michael Kim@MKRocks·
@MeghanKReynolds @hamilton_lane Interesting to see Seed/Early VC returning higher than All PM in 6 of the years, Multi-Stage VC in 5 of the years and Late-Stage VC in only 2 of the years.
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Meghan Reynolds
Meghan Reynolds@MeghanKReynolds·
Heard from VC LPs: one of my favorite charts from the @hamilton_lane market overview. The simple case for steady and consistent allocations. From mid 2022 - 2024, late stage/VC growth was a bad word with LPs. Extremely hard to raise/sell. But if you managed to close your fund in ‘22 and had dry powder, you have likely killed it.
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True Vanguard
True Vanguard@TheTrueVanguard·
Prove to me you’re an old gamer in one sentence. I’ll drop a like if I’m convinced.
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Michael Kim
Michael Kim@MKRocks·
@elonmusk @SciGuySpace An idea—deposit 1 share of SpaceX into the proposed Trump accounts for newborns. Fosters appreciation for capitalism and equity ownership. Pretty decent tax deduction as well.
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Michael Kim
Michael Kim@MKRocks·
We at @CendanaCapital are very excited to partner with you @Carles_Reina 💪🏼💥
Carles Reina@Carles_Reina

Today, I am thrilled to announce @baobab_ventures, an operator-led, solo GP $15M fund backing global, pre-seed & seed technical teams in AI, Robotics and Defence. I've already done 7 deals: THEKER Robotics, Omnia, Murphy AI and Altan are public. 3 more aren't (yet). 8 years ago, I did my first angel investment in an upcoming startup named @Revolut ($75bn company). During these years, I've backed 74 startups, mostly in the deep tech space. I was the first investor in @elevenlabs ($6.6bn), and happily backed @gokiwibot, Vsim, @praktika_ai, and @happyrobot among many others. The thesis for Baobab is simple: Building companies has dramatically changed over the past 3 years. What previously worked is no longer useful. Startups can close enterprise deals in <60 days and use PLG as a catalyst for PLS. To do so, they need to reach Momentum. Quickly. This means they need to nail GTM & distribution, deploy products weekly and spend extra time with customers. I've built GTM globally at ElevenLabs and can actively help teams build in the US, Europe, India, Japan, Korea, Latam or the Middle East. I am an operator-turned-investor-staying-operator at ElevenLabs. And I love it. I get the best of both worlds. Thank you to my amazing LPs @CendanaCapital, @cyberfund, @isomercapital, RSJ Investments, Emergence Ventures, dara5, @gnutekm, @MKRocks, Jan Habermann, Ondrej Bartos, Jakub Krikava, Benedikt Franke, Chloe Dagnell, Donovan Tan, Dr Fatima P. Godall, Freddie Macpherson, Graham Pingree, Iván Leal Durán, Jatinder Mehmi, Javi Palafox, Pablo Palafox, Luis Paarup, Reece Chowdhry, Konstantin Lomashuk, Karolina Mrozkova, Kelli Fontaine, Lucca Norton, Stella Norton, Mario Götze, and more. baobabventures.vc

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Carles Reina
Carles Reina@Carles_Reina·
Today, I am thrilled to announce @baobab_ventures, an operator-led, solo GP $15M fund backing global, pre-seed & seed technical teams in AI, Robotics and Defence. I've already done 7 deals: THEKER Robotics, Omnia, Murphy AI and Altan are public. 3 more aren't (yet). 8 years ago, I did my first angel investment in an upcoming startup named @Revolut ($75bn company). During these years, I've backed 74 startups, mostly in the deep tech space. I was the first investor in @elevenlabs ($6.6bn), and happily backed @gokiwibot, Vsim, @praktika_ai, and @happyrobot among many others. The thesis for Baobab is simple: Building companies has dramatically changed over the past 3 years. What previously worked is no longer useful. Startups can close enterprise deals in <60 days and use PLG as a catalyst for PLS. To do so, they need to reach Momentum. Quickly. This means they need to nail GTM & distribution, deploy products weekly and spend extra time with customers. I've built GTM globally at ElevenLabs and can actively help teams build in the US, Europe, India, Japan, Korea, Latam or the Middle East. I am an operator-turned-investor-staying-operator at ElevenLabs. And I love it. I get the best of both worlds. Thank you to my amazing LPs @CendanaCapital, @cyberfund, @isomercapital, RSJ Investments, Emergence Ventures, dara5, @gnutekm, @MKRocks, Jan Habermann, Ondrej Bartos, Jakub Krikava, Benedikt Franke, Chloe Dagnell, Donovan Tan, Dr Fatima P. Godall, Freddie Macpherson, Graham Pingree, Iván Leal Durán, Jatinder Mehmi, Javi Palafox, Pablo Palafox, Luis Paarup, Reece Chowdhry, Konstantin Lomashuk, Karolina Mrozkova, Kelli Fontaine, Lucca Norton, Stella Norton, Mario Götze, and more. baobabventures.vc
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Michael Kim
Michael Kim@MKRocks·
Super excited to be working with @infoarbitrage again 💥. IA Ventures Fund 1 was the first ever commitment made by @CendanaCapital and I think we were the first institutional LP to commit to it. It was perfect timing as both big data and very early stage venture market in NYC were about to take off. Now, as Roger discusses below, he sees similar dynamics with technology and sports & entertainment. Afterall, data is a critical component of sports (performance) & entertainment (engagement). We are very excited to see Roger work his magic 💪🏼 linkedin.com/pulse/my-next-…
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Jack Altman
Jack Altman@jaltma·
We’re ready to add to our team at Alt Cap! We love being a small team and want to stay small-ish forever, but we have more to do these days than we can manage so it’s time to grow. A bit about us: - We’re investing out of our $275M fund II in San Francisco; mostly seed and series A, but there are no hard and fast rules. We just want to build something great and work with founders who inspire us. - We love what we do; we could (and do) talk about startups and venture all day. For better or for worse, our work lives and personal lives are deeply integrated and we’re thrilled about it. - Joy comes before excellence. We want to be as good as possible at what we do conditioned on it never coming before loving our work and our lives. We strongly believe you can have both. - We think fortune favors the bold, that a small number of things make most of the difference, and special people are what make special things happen. - We’re highly independent people who love our time together. No one here wants to be told what to do, but no one here is a lone wolf. We think, grow, and improve as a team. A bit about you: - You’re friendly and empathetic, but you’re competitive and want to be great. - You’re a student of startups and business. You know a little about a lot in tech, and when you don’t understand something that you can tell is important you’re driven to learn about it. - You value signal over noise. You don’t like being busy for the sake of being busy, you prioritize sanity for yourself and people around you. You’re okay to be patient and wait for great. - You never root against a company under any circumstance; you have a deep respect for what every founder is pouring into their startup. - You’ve done some work (maybe you were a founder or a VC before) but your glue isn’t dry and you strongly feel that your formative work years are still ahead of you. - You’re highly flexible and want a fun journey more than a particular destination. - You’re allergic to the politics of deal attribution and just want to win as a firm. - You’re motivated to be hugely successful, for whatever reason is meaningful to you. If you or someone you know might be a great fit please get in touch!
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Michael Kim
Michael Kim@MKRocks·
Today, we are very happy to announce that Josh Grimm @jtgrimm_ , has joined @CendanaCapital as our CFO. With close to $3 billion under management, 5500+ portfolio companies, and 3 lines of businesses (fund of funds, secondary funds and direct investment funds), Cendana is substantially more complex compared to when I started it 15 years ago using Excel spreadsheets. We spent the past 8 months working with Stina Ladd at @true_search_US who did a tremendous job to find a CFO that shared our vision for full financial automation and data integration. Josh brings deep expertise in finance operations, reporting, and strategy, most recently serving as Controller at a16z. At a16z, he helped establish the finance function for the firm’s crypto funds and was an early member of both the Finance and Fund Strategy teams. Earlier in his career, Joshua served as Audit Senior Manager at KPMG, where he led audits for alternative investment funds in the financial services industry, including our Cendana Blackbird fund. Bringing Josh on board ensures we have the financial leadership to scale our financial and technology capabilities to help simplify the ever-increasing complexity of the Cendana ecosystem 🚀
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Miles Dieffenbach
Miles Dieffenbach@Curiousjorge65·
@MKRocks @HarryStebbings @Beezer232 @LDEakman Problem is that 90% of the AUM of VC (multi-stage) can’t take advantage of secondaries at scale. Not enough $ to return the fund, burning bridge with founder, brand damage ect. Early stage GPs absolutely should be utilizing secondaries for scaled positions
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Harry Stebbings
Harry Stebbings@HarryStebbings·
The only show you have to listen to every week. No politics. Just tech. - Databricks at $100BN: Is it Undervalued? - OpenAI Staff Cash Out Billions & Sam Altman Will Spend Trillions - CoreWeave’s $11BN Debt Bet - Nubank’s $2.5BN Profit Shocker @jasonlk @rodriscoll better than ever and my 4 takeaways 👇
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Harry Stebbings
Harry Stebbings@HarryStebbings·
3. There is No “Sell” Button in Private Markets In public markets, you can sell when you’re wrong. In private markets, you ride it all the way down. Love to hear your thoughts on this and how you have seen the best navigate it? @beezer232 @LDEakman @mkrocks @Curiousjorge65
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Michael Kim
Michael Kim@MKRocks·
Slash
Victor Cardenas Codriansky@victorcardenas

We raised $60M for this moment: Introducing Slash Global USD (in partnership w/ @base). It's the first banking platform that lets you open a USD account without an LLC, EIN, or the rampant account closures they call "account safety". It took major legislative changes AND 3 years to pull this off. Here's what makes it so different: 1. Banking without an LLC. Before Slash: You needed a LLC, $1K in fees, a virtual address, and a U.S. tax ID. With Slash you get a real U.S. account & routing number in ~10 minutes with your foreign documents. 2. No more hefty fees. PayPal charges a 3-4% conversion fee. We let you receive USD and crypto (USDC) with NO fees. Not enough? We pay you up to 4.5% cash rewards just for holding your money with us. 3. Account freezes. The big guys love flagging success as “fraud”. We're built for fast moving founders. We'll never wrongfully freeze your funds. I'm putting my money where my mouth is: If we do, I'll wire $10K to a charity of your choice. ------------------------------ In 2021, I dropped out of the number 1 school in America as a Venezuelan immigrant to build Slash. I pivoted the business 2x before getting our first customer. Today: - 3,000 businesses use @slashapp - We bought the domain Slash . com for $1M - $4B is spent on our credit cards every year And we just raised $41M from the people who built fintech: @MenloVentures @NEA @ycombinator @goodwatercap -------------------------------- To celebrate this launch, we're giving away our internal AI finance Agent free. It watches your bank accounts 24/7. Flags double charges. Cancels forgotten subscriptions. It saved us $39,000 last month. You don’t need a Slash account. It works with any bank. Retweet + comment “Slash” and I’ll send you a free access link.

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