E10: @MKRocks | Founder of @CendanaCapital on How Small VC Funds Can Return 200X+
In today’s episode we discuss:
Why Michael defies traditional LP ownership restrictions and continues to write outsized checks to pre-seed and seed VC funds (sometimes reaching up to 40% ownership).
#OpenLP
@TurpentineMedia@eriktorenberg
Please find links to the episode in the comments.
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, @CendanaCapital is thrilled to announce today that we have raised approximately $470 million in capital to deploy across our global strategies. This comprises $340 million for our US-focused Cendana 5, $67 million for International 2, $30 million for our direct investment program, and an additional $30 million for a managed account. Our assets under management are now over $2 billion.
We are thankful and grateful to our investors, new and long-standing, who have entrusted their capital with us, and we continue our mission to working with the world’s best Pre-Seed and Seed investors globally. We are also thankful and grateful to the remarkable GPs that we work with daily, working collaboratively as true partners.
We are always looking to add new members to our ecosystem so please reach out—we look forward to meeting you!
https://t.co/QvdDH2TxMi
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, @CendanaCapital is thrilled to announce today that we have raised approximately $470 million in capital to deploy across our global strategies. This comprises $340 million for our US-focused Cendana 5, $67 million for International 2, $30 million for our direct investment program, and an additional $30 million for a managed account. Our assets under management are now over $2 billion.
We are thankful and grateful to our investors, new and long-standing, who have entrusted their capital with us, and we continue our mission to working with the world’s best Pre-Seed and Seed investors globally. We are also thankful and grateful to the remarkable GPs that we work with daily, working collaboratively as true partners.
We are always looking to add new members to our ecosystem so please reach out—we look forward to meeting you!
https://t.co/QvdDH2TxMi
We are thrilled to welcome @HillaryTyree as @CendanaCapital’s new Head of Platform and Operations. Many of you know Hillary from Silicon Valley Bank, where she worked in a similar role for the bank’s emerging managers practice. For those who don't yet know Hillary, she is talented, proactive, entrepreneurial, and of the highest integrity--qualities we seek at Cendana. Just as importantly, she is a very nice person and a pleasure to work with!
From our inception over ten years ago, Cendana has sought to be a different kind of LP: one that works closely with GPs and LPs, and recognizes that our success is tied together through proactive collaboration. We believe our approach has helped our GPs and LPs in many ways, including generating alpha and expanding opportunities. We are confident Hillary will take our collaborative efforts to a higher level to help Cendana remain the leading LP in seed venture capital.
PSA if you’re a current or former SVB client and you’re confused about what is happening today / don’t know who to contact - please DM me and I promise to help to the best of my ability
Aspiring VCs from underrepresented backgrounds: @VCForward is offering full scholarships to Cohort 12 (Feb 2023) of #VCUniversity, including course tuition, office hours, and dedicated mentorship.
Learn more + apply by Friday, 11/18: https://t.co/7CQ9gg03v4
@KarlRobillard1 We did get some good advice and well wishes on that TL walk! Perfect way to kick off the new year and the down time before the big arrival 💜
.@AngelList and @SVB_Financial’s Q3 report highlights the strength of early-stage venture ecosystem. Tune in on 11/10 for a deep dive into the report’s key findings: https://t.co/TqfbI4ugRg @A0ddo@bosefina#startups
Many family offices have ramped up their #startup investing and built in-house venture expertise. Read @SVB_Financial and @CampdenFB’s new report for a full update. https://t.co/NZxrjfmzUX
Join @SVB_Financial's chat with @siheagwam of NOEMIS, Trish Mosconi of Synchrony, & our own @soph_mcnaught & @denishakuhlor.
We'll talk:
•How can EMs get on a CVC's radar?
•What can a CVC offer as an LP?
•How do CVCs diligence funds?
Register👉 https://t.co/TO7ye2Af37
A huge welcome to our 200 (!) new friends that attended our joint event with @SVB_Financial today. We had a blast sharing the ins and outs of VC fund operations.
Calling all emerging managers. 📢 We're partnering with @SVB_Financial to answer your toughest questions about fund setup and operations. RSVP 9/29 + submit your qs 👉https://t.co/y3lEeMHvaK