
Michael Kim
2.6K posts

Michael Kim
@MKRocks
Founder of @CendanaCapital


1/ We’re thrilled to announce EV3 Venture Fund II, an oversubscribed $61.74M early-stage venture fund dedicated to backing entrepreneurs with generational drive and ambition. We’re tripling down on crypto with bigger checks and deeper involvement. Watch the EV3 Vision Below:



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_ai 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















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.

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, earnest and kind manner. Thomas remains based in NYC. With eight years of experience at Cendana and Cambridge Associates, Thomas is very well-positioned to be a leader in the LP community. We are fortunate to have him play a key role in building a premier investment firm focused on generating alpha for our investors and partnering with portfolio fund GPs who are backing extraordinary founders.




