Venture Capital Dynamics

Michael shares valuable insights on secondary transactions, advising fund managers to sell a portion rather than the whole stake for risk mitigation. He discusses the differences in approach between seed stage funds and established investors like Sequoia. Additionally, he delves into strategies for managing assets reaching the end of their fund life, including continuity vehicles and GP-led deals.

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From this podcast
Venture Unlocked: The playbook for venture capital managers
Limited Partner Unlocked: Michael Kim Cendana Capital on the Emerging Manager landscape, fundraising, and the need for liquidity
Related Questions
- How should a venture capitalist think about investing across different stages (seed vs. growth) and having different funds for it?
- How should a venture capitalist think about investing across different stages (seed vs. growth) and having different funds for it, as discussed in the episode 20VC: Will LPs Pull Out of Existing Managers, How Will Fund Sizes Change Moving Forward, Is Now The Time to be Aggressive on Secondaries, What is the Discount on Secondaries Today, Who Will Win and Lose in the Next Five Years with Hunter Somerville, Partn and the clip Changing Venture Capital?