Here’s why seed fund investor Michael Kim of Cendana Capital says last year was among his most liquid



This week on StrictlyVC Download, TechCrunch Editor-in-Chief Connie Loizos and StrictlyVC’s Alex Gove are joined by Michael Kim, the longtime VC and founder of Cendana Capital, a fund of funds that’s now managing $2.6 billion in assets, almost all of them spread across seed and pre-seed funds, including some of the most successful emerging managers in the industry. In this episode they discuss Cendana’s latest $600 million fundraise; the rise of secondaries and how they’re affecting returns; and what it takes for Cendana to back a new manager or small team. And, of course, they get into how AI is changing the startup ecosystem.

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