Cendana Capital @CendanaCapital Twitter profile

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Cendana Capital

@CendanaCapital

1 year

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,

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Cendana Capital

@CendanaCapital

11 years

Great panel! RT @newscred : And now, a panel discussion with @newscred @Refinery29 @lyst and @fohrcard ! Content & Commerce #contentmarketing

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Cendana Capital

@CendanaCapital

5 years

@Samirkaji @hanayang @KauffmanFellows Would suggest Fund 0 can be $2-6MM as a demo fund with family offices. Thereafter, steady state ballpark parameters we see in our portfolio: $25-$35MM of capital/partner & pacing of 1 new investment/quarter. Thus a 2 GP fund with a $60MM fund doing 24 investments in 3 years.

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Cendana Capital

@CendanaCapital

2 years

PSA to Seed VCs: be wary of potential LPs asking for a special deal on carried interest--it may send a negative signal to other LPs--and run if they are asking for a cut of the management company. We have never asked portfolio funds for preferential economics. #OpenLP

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Cendana Capital

@CendanaCapital

3 years

It’s our first commitment to a healthcare focused fund—and our first in Austin! Very excited to work with @seanwdoolan @virtue_vc

Health systems and insurance companies are investing in first-time funds like the newly minted firm...

Virtue is a $31.25 million first-time fund that plans to back pre-seed and seed healthcare startups in the US.

www.businessinsider.com

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Cendana Capital

@CendanaCapital

4 years

Great post by the team at @oper8rio Fundraising is hard, but understanding what different LPs seek is critical.

Framework: Not All LPs Invest In Emerging VCs For The Same Reasons

Use cases for investing in emerging VCs

oper8r.substack.com

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Cendana Capital

@CendanaCapital

3 years

@Samirkaji Nano funds 100%

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Cendana Capital

@CendanaCapital

7 years

Holiday cheer = sending distributions in December! Happy holidays!

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Cendana Capital

@CendanaCapital

1 year

@NWischoff @chadbyers Very happy to be your partner 💥

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Cendana Capital

@CendanaCapital

1 year

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

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Cendana Capital

@CendanaCapital

3 years

We would be ranked 3rd worldwide among unicorn investors. Fully recognize that it’s thru our fund managers, but what is impressive is that they invested in these unicorns at the seed stage. We think it’s a real testament to our fund managers’ ability to find great founders!

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Cendana Capital

@CendanaCapital

5 years

@rabois @abrams @dunkhippo33 @satyap @kevingibbon @semil Let us get the data that will show a majority of these companies had a seed round with a lead investor. For fun, let’s bet $10K payable to the @HRF .

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Cendana Capital

@CendanaCapital

6 years

Fund sizes matter. Called capital including fees need to be returned before GPs get capital. If a $25MM fund has called $25MM, 1 exit at $251MM (assuming 10% ownership) means the GP is now in the carry.

David Frankel

@dafrankel

6 years

It’s easier to make money on carry if you make less on fees ... My partner @micahjay1 shares some thoughts with VCs frustrated by the current environment.

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Cendana Capital

@CendanaCapital

2 years

Great to hang at the @CendanaCapital event @67PallMallSG with some of the SE Asia early stage VC pioneers @vlauria @GoldenGateVC @yinglantan @insigniavc and Paul Santos @Wavemaker_VC

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Cendana Capital

@CendanaCapital

4 years

Excellent overview from @oper8rio @wintmead @wsculley on reviewing the GP and LP perspectives on coinvestment opportunities and the dynamics that drive it.

Benchmarks: Demystifying VC co-investing with data from >5,000 SPVs

It’s… specialpurposevehiclisticexpialidocious!

oper8r.substack.com

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Cendana Capital

@CendanaCapital

3 years

Very excited to partner with @AshAEgan @acrylicvc on his debut crypto fund, providing the earliest capital to founders taking massive risks and creating new markets.

Acrylic raises debut $55M solo GP fund to paint the future of crypto | TechCrunch

It’s been quite the year for crypto capital, what with Coinbase’s blockbuster debut earlier this year in a direct listing and A16Z raising $2.2 billion

techcrunch.com

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Cendana Capital

@CendanaCapital

5 years

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 !

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Cendana Capital

@CendanaCapital

8 years

Our fund managers had 5 $1Bn+ exits in 2016 (The Trade Desk, DSC, Jet, Cruise Automation & Twilio) We are suitably impressed!

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Cendana Capital

@CendanaCapital

8 years

Congratulations to one of the best early stage investors @SoftTechVC . We are proud to be your partner!

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Cendana Capital

@CendanaCapital

10 years

Great insights for VCs from @DanielleMorrill http://t.co/PdxytzM4VU

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Cendana Capital

@CendanaCapital

8 years

Founders: read this from @epaley @fcollective . Twice. Insights most VCs would never tell you.

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Cendana Capital

@CendanaCapital

4 years

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.

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Cendana Capital

@CendanaCapital

4 years

Had a great conversation with @Cookie and @alexgove for their podcast @StrictlyVC Download—we discuss at the 31:57 mark how we are supporting @lo_toney at @PlexoCapital to provide an on-ramp to the LP & GP world for #HBCU students

Investor Michael Kim on Why Pre-Seed is the Place to Be - StrictlyVC...

Connie & Alex go over the week's news and then talk to Michael Kim of Cendana Capital, a fund-of-funds focusing on seed and pre-seed VC firms. Music:1.

www.buzzsprout.com

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Cendana Capital

@CendanaCapital

8 years

Thank you to our investors, portfolio funds and portfolio companies--we are very proud to be your partner!...

Cendana Capital -- which funds 15 top seed-stage groups -- just raised a ton of capital | TechCrunch

Michael Kim is pretty much killing it. Kim's Cendana Capital just closed on $260 million in fresh capital across a network of five funds. Altogether, the San Francisco-based outfit now manages around...

techcrunch.com

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Cendana Capital

@CendanaCapital

6 years

Fantastic hearing @dafrankel @fcollective on @twentyminutevc w/ @HarryStebbings loved hearing the many lessons learned from @PillPack journey & how human capital risk being taken by founders should be a factor commonly considered by investors.

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Cendana Capital

@CendanaCapital

7 years

A very good explanation by @robgo @nextviewvc of the metrics for VC funds performance and how it can impact...

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Cendana Capital

@CendanaCapital

9 years

Huge congrats @stephpalmeri and @bandrew as new partners @softtechvc - excited to be your partner!

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Cendana Capital

@CendanaCapital

3 years

Unf***ng the planet with @lowercarbon — proud to be a partner with you @sacca , an exceptional investor 🦄🦄🦄 Excited to work with @claydumas and the team💥💥💥

Chris Sacca's Lowercarbon Capital has raised $800 million to "keep unf*cking the planet" | TechCr...

Lowercarbon Capital, a climate-tech focused fund founded by longtime investor Chris Sacca and his wife Crystal Sacca, has closed on $800 million in

techcrunch.com

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Cendana Capital

@CendanaCapital

3 years

@danprimack Persistence. Seed and pre-seed fund managers have performed well in the past decade. We have portfolio funds that have multiple 5x+ consecutive funds — and several with consecutive 10x+ 💪🏼💥

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Cendana Capital

@CendanaCapital

5 years

@geri_kirilova @Beezer232 @cdouvos @LP2LP2VC @lo_toney @LDEakman @MKRocks @_PeterT_ Haven’t seen one in a long time. Do they still exist?

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Cendana Capital

@CendanaCapital

8 years

@Mattermark the 'haves and have nots' dynamic will impact seed VC funds. Most seed VC funds aren't institutional quality.

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Cendana Capital

@CendanaCapital

6 years

Super proud that we are partnered with @aeyal1 and @EntreeCap , the vanguard of Israeli VC 2.0

The Journey to Israel Early Stage Fund II

From starting Entrée Capital nine years ago to the launch of our second Israeli Fund today

medium.com

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Cendana Capital

@CendanaCapital

5 years

Very excited for what’s ahead and to be your long term partner!

Susa Ventures

@SusaVentures

5 years

With immense gratitude for our founders & limited partners, we're thrilled to announce Susa III, our new $90M seed fund. We look forward to welcoming a new wave of founders into the Susa Family and supporting them as they build world-changing companies!

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Cendana Capital

@CendanaCapital

7 years

Thanks @semil for supporting our event & for sharing your notes from the @CendanaCapital @SVB_Financial Summit!

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Cendana Capital

@CendanaCapital

2 years

@andrewchen Here’s a curated list — our portfolio fund managers. Some are new, others not so new. But all are outstanding ⚡️⚡️⚡️

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Cendana Capital

@CendanaCapital

6 years

Nice story re a possible Airbnb mafia, but we invested in @wavecapitalvc because of @realRileyNewman @djrosent @saratillim ;-) Cool to have your picture next to the Fairchild Semi team--some big shoes to fill!

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Cendana Capital

@CendanaCapital

4 years

@rabois @bryce Off the top of our heads, IA Ventures (Datadog, TradeDesk), Founder Collective (Uber, TradeDesk), K9 Ventures (Lyft, Twilio), Uncork (Eventbrite, SendGrid and Fitbit). With over 100+ unicorns, our fund managers will hopefully see more IPOs over the next few years.

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Cendana Capital

@CendanaCapital

8 years

@dafrankel @epaley @micahjay1 Super excited to be your partner for another 12 years!

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Cendana Capital

@CendanaCapital

6 years

Congrats on the new fund—now off to the races, which is a marathon, not a sprint. Great interview @Cookie @saratillim @djrosent @realrileynewman @wavecapitalvc

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Cendana Capital

@CendanaCapital

7 years

Excited to partner with @chengmatt @cherubicvc , one of the top seed VC funds in China

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Cendana Capital

@CendanaCapital

2 years

We at @CendanaCapital are actively making commitments to new fund managers. Portfolios will be adjusted but overall, you can’t time technology innovation. Sophisticated LPs will remain dedicated to a robust VC allocation. #OpenLP

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Cendana Capital

@CendanaCapital

8 years

Too much capital over time creates a culture that substitutes cash for creativity & discipline @epaley @fcollective

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Cendana Capital

@CendanaCapital

6 years

@LDEakman @Samirkaji @cdouvos @Beezer232 @TTCP_SF @LP2LP2VC We do a monthly call with most of our portfolio funds so we largely go to AGMs to see people we haven't seen in a while (like other LPs!), not necessarily for portfolio fund info. Also, if you just raised a new fund, perhaps you can skip an AGM that year.

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Cendana Capital

@CendanaCapital

5 years

@rabois @abrams @gjain @dunkhippo33 @satyap @kevingibbon @semil @HRF @MKRocks @robgo @peter_wagner Our portfolio funds do all 3 of these for most of their investments. They own on average 11%+ at the time of initial investment and have over 50% of their funds reserved for follow-on.

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Cendana Capital

@CendanaCapital

6 years

More fuel for the @glossier rocket ship! Portfolio company of @ForerunnerVC @LererHippeau

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Cendana Capital

@CendanaCapital

5 years

@robgo @SusaVentures @chadbyers @lpolovets Here’s a style guide, at least for the men:

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Cendana Capital

@CendanaCapital

8 years

Another big exit for @kirstenagreen @forerunnervc ; Two $1Bn+ exits in 3 weeks!

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Cendana Capital

@CendanaCapital

6 years

Great morning listen to @avidanross @rootvc on @twentyminutevc w/ @HarryStebbings some great insights on the commoditization of components as a result of the autonomous car wars, and also why engineers will replace MBAs as CEOs! Loved it.

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Cendana Capital

@CendanaCapital

8 years

The Mood Among GPs and LPs (Fall 2016 Version) - Haystack by @semil via @nuzzel

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Cendana Capital

@CendanaCapital

5 years

Super glad to be a long term partner with @uncorkcap @jeff @stephpalmeri @Bandrew

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Cendana Capital

@CendanaCapital

6 years

Proud partner of @rootvc @AvidanRoss Congrats on the speed of sound fund!

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Cendana Capital

@CendanaCapital

9 years

4 of our portfolio funds in the top 10 @susaventures @ForerunnerVC @fcollective @K9Ventures

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Cendana Capital

@CendanaCapital

5 years

@twentyminutevc @sasmith4 @BainCapVC @Beezer232 @MKRocks @Samirkaji Among our seed VC funds, we see a range from 1% to 15% with a median around 2%. We are happy to report that as our portfolio fund GPs achieve success, some of them actually have increased their GP commit. And then they carved back allocations for their LPs 😂

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Cendana Capital

@CendanaCapital

8 years

Excited to partner again with @FCollective for another 12 years! Entrepreneurs: their DNA is truly founder...

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Cendana Capital

@CendanaCapital

8 years

@semil @fredwilson Our seed funds reserve on average 2/3rds for follow-on and target 110-120% recycling.

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Cendana Capital

@CendanaCapital

6 years

Super happy for @ThufirHawat @peteryared @sapho We are very happy investors and looking forward to seeing the next chapter! Thank you @uncorkcap for the intro!

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Cendana Capital

@CendanaCapital

4 years

Excited to partner with Better Tomorrow for seed stage fintech investing. Congrats @pitdesi and @iamjakestream —psyched to see what’s in store tomorrow and beyond 💥💥💥 H/T @Cookie

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Cendana Capital

@CendanaCapital

7 years

@twentyminutevc @sama @ycombinator @benchmark @infoarbitrage @MKRocks We think there is a direct correlation between political decisions as the number of partners increases.

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Cendana Capital

@CendanaCapital

7 years

Fun talk w/ @cookie and @beezer232 Grateful for Cendana LPs, who are the most sophisticated, forward thinking LPs!

"LPs have a license now to ask questions that are uncomfortable" | TechCrunch

On Wednesday night, at the Autodesk Gallery in San Francisco, this editor sat down with Michael Kim of Cendana Capital and Elizabeth "Beezer" Clarkson of

techcrunch.com

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Cendana Capital

@CendanaCapital

5 years

Great interview with our own @Kells_Bells re what we at @CendanaCapital are seeing in seed VC today.

Seed Investing Macrotrends: An Interview with Kelli Fontaine from Cendana Capital

By Steve Gotz, Silicon Foundry

link.medium.com

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Cendana Capital

@CendanaCapital

8 years

GPs--how to raise a fund 2. Great interview with @chadbyers @susaventures and @harrystebbings @twentyminutevc ...

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Cendana Capital

@CendanaCapital

5 years

@a16z Excellent analysis. Great to see that our portfolio fund managers are in 4 of the Top 10 and overall, over a quarter of the 100—all invested at the seed stage!

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Cendana Capital

@CendanaCapital

6 years

For all of you who have children or nieces and nephews in college, there is a new 10 week internship program to work with top startups in LA. This is a terrific initiative, organized by @du_ro @abhanath from of one of our portfolio funds...

Introducing Tech.LA Fellows

An internship program for the LA startup community

medium.com

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Cendana Capital

@CendanaCapital

2 years

Very excited to be your partner!

Monique Woodard

@MoniqueWoodard

2 years

Today, I’m officially announcing Cake Ventures ( @cakeventures ) Fund I, a $17M seed and pre-seed fund to invest in founders building companies and products whose growth is accelerated by demographic change.

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Cendana Capital

@CendanaCapital

8 years

A great framework to assess risk in hardware-centric startups @beneinstein @boltvc

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Cendana Capital

@CendanaCapital

3 years

Super excited to partner with @novakkm on his new fund #rackhouse A great example of the type of @NanoFunds we are seeking

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Cendana Capital

@CendanaCapital

7 years

Some color on what @CendanaCapital is up to & how we view early stage VC. Will be speaking at @venture_conf Nov 6th

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Cendana Capital

@CendanaCapital

1 year

Thanks @DWeisburd and @eriktorenberg for inviting me on. Really enjoyed our discussion about the genesis of #SeedVC and how our thinking at @CendanaCapital have evolved, while also maintaining discipline about our investment approach💥

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Cendana Capital

@CendanaCapital

8 years

Parents who have (or want) stylish kids! Check out @rocketsofawesom (portfolio co @forerunnervc )

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Cendana Capital

@CendanaCapital

3 years

Super to see @arcadia raised $100MM from #TigerGlobal to rapidly decarbonize and decentralize our energy system. Congrats to @KiranRaju and the Arcadia team--we are excited to be your partner! #solarenergy #windpower #decarbonization

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Cendana Capital

@CendanaCapital

7 years

Congrats to proven moneymakers in India @SaamaCapital @AshLilani and Suresh Sangmugham

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Cendana Capital

@CendanaCapital

2 years

Haven’t heard of down rounds yet, probably because of the VC summer break and VCs sitting on hands. But now — it’s Revenge of the Nerds 🤓We’ll see a lot of rounds, particularly Series A, trying to get done.

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Cendana Capital

@CendanaCapital

7 years

New seed fund GPs: some great advice from @jrmarshall32 from the @SVB_Financial conference that @Jeff and we did.

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Cendana Capital

@CendanaCapital

9 years

Get ready for spring break with next gen luggage from @raden (portfolio co @lererhippeau )

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Cendana Capital

@CendanaCapital

7 years

Very happy for @nchirls and @alexlines @notationcapital . We like first check investors!

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Cendana Capital

@CendanaCapital

5 years

@rabois @abrams @dunkhippo33 @satyap @kevingibbon @semil Come by our office @Rabois and we would be happy to show you the data. In many of @abrams list, there was a seed round with a seed VC fund as the lead investor.

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Cendana Capital

@CendanaCapital

7 years

@ashmeetsidana @du_ro @K9Ventures @Pivotnorth @chudson @notationcapital @AforeVC We’ve had investments into Pre-Seed funds @K9Ventures @Pivotnorth since 2011. This year, we refined our own portfolio construction; now have a Pre-Seed bucket to write $5-$7MM checks to Pre-Seed funds, which we think are institutionalizing the friends & family round.

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Cendana Capital

@CendanaCapital

3 years

@Samirkaji Thanks! We looked at our portfolio funds and saw that average initial ownership was about 15% of fund size — so if a $10MM nano fund can get 3%+, we think they have a higher probability of serious alpha 💥

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Cendana Capital

@CendanaCapital

9 years

Congratulations to @mucker ; we are proud to be your partner!

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Cendana Capital

@CendanaCapital

3 years

@codysimms @MoxxieVentures @ShaneMac @MoniqueVilla @mdanderson +1 for @MoniqueVilla @mucker Also if you get to Chattanooga, @ThisIsDynamo is a portfolio fund focused on supply chain and logistics

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Cendana Capital

@CendanaCapital

7 years

Buy your ticket today--sells out very quickly! @Cookie of StrictlyVC, @MKRocks & @Beezer232 are doing an LP panel

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Cendana Capital

@CendanaCapital

6 years

We are excited to continue our great partnership with @cshapiro @taylorgreene @laurenloktev @collabfund

Collaborative Fund raises $100M for its fourth fund | TechCrunch

When Collaborative Fund is looking at whether to invest in a company, it's looking for a startup that'll be able to accomplish some kind of social good —

techcrunch.com

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Cendana Capital

@CendanaCapital

1 year

@micahjay1 Yes. @mucker @K9Ventures @EngineeringCap @notationcapital @WonderVentures @Pivotnorth @ThisIsDynamo @MoxxieVentures

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Cendana Capital

@CendanaCapital

7 years

Founders and VCs: Growth, but at what cost? Superb insights from @epaley @fcollective ...

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Cendana Capital

@CendanaCapital

7 years

@LDEakman @MKRocks @gpingree Thank you @ldeakman for being a super early supporter! You were prescient...and brave ;-)

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Cendana Capital

@CendanaCapital

5 years

It’s phenomenal!

Shafqat Islam

@shafqatislam

5 years

Is IA Ventures first fund one of the best of all time? Saw the Datadog S-1 drop. Wow @bradgillespie and @infoarbitrage ! We’re humbled to be in the family...

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Cendana Capital

@CendanaCapital

4 years

@chadbyers @CindyBiSV It was great that they decided to anchor you -- once we had made our pilot commitment 😉💪😍

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Cendana Capital

@CendanaCapital

8 years

VC funds: some advice on fundraising strategy with @HarryStebbings @twentyminuteVC ...

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Cendana Capital

@CendanaCapital

3 years

Congrats to @Jeff_Schneble and the @humaninteresthq team 🦄💥 We are proud investors since the Series A — thank you @Bandrew @uncorkcap 🥂🥂🥂

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Cendana Capital

@CendanaCapital

9 years

Well-deserved! Congrats to @nicoleahjohnson @forerunnervc & @beyroutey @iaventures

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Cendana Capital

@CendanaCapital

8 years

Great story on @kirstenagreen @forerunnervc . We @cendanacapital aren't afraid to make big, early bets!

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Cendana Capital

@CendanaCapital

5 years

Super proud to partner with @KatieS on her new fund @MoxxieVentures

TechCrunch

@TechCrunch

5 years

#ANGELS founding partner raises $25M for debut venture fund Moxxie Ventures by @kateclarktweets

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Cendana Capital

@CendanaCapital

9 years

Excited for StarWars VII: The Force Awakens! Thank you @famoroso @jrmarshall32 @katietaormino @svb_financial

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Cendana Capital

@CendanaCapital

3 years

@jomojoemoe @galeforceVC And we are continuing to do this for Nano funds—20% high conviction LP commitments to sub $15MM funds 🚀💥

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Cendana Capital

@CendanaCapital

9 years

Great summary of the early stage VC world today by @ManuKumar @K9Ventures http://t.co/guz6hdeFSu

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Cendana Capital

@CendanaCapital

11 years

Great advice to entrepreneurs from @EricHippeau of portfolio fund @LererVentures http://t.co/q7wRT9W3Sv

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Cendana Capital

@CendanaCapital

2 years

@blackbirdvc @businessdesk_nz We first met @rcsbaker and @nikiscevak over 10 years ago as they were launching @blackbirdvc and we are grateful to have partnered with them over the years! We also saw the opportunity in NZ and when Blackbird launched the NZ fund, led by @holasammy , we got on board 🚀🚀🚀

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Cendana Capital

@CendanaCapital

8 years

Proud to be a partner with @susaventures !

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Cendana Capital

@CendanaCapital

6 years

Founders: superb M&A advice from @dafrankel @fcollective

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Cendana Capital

@CendanaCapital

6 years

Very happy to continue our partnership with the @LererHippeau team! The NYC ecosystem is only getting better.

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