Posey rounds the bases after a knock to left.
via www.youtube.com
This was awesome. So much better than the commencement address my class got!
Posey rounds the bases after a knock to left.
Hard to see, but The Machine is walking the bleachers in center field.
The police just escorted him from the stadium to a chorus of boos from
the fans.
Climbed up the "stairmaster."
A much slimmer Pablo Sandoval pegs this pitch to right field for an
RBI double to put the Giants on the board vs. the Angels. Tejada
knocked him in. Burrell did the same for Tejada. Giants up 3 - 0.
But when I get to the top, I get to see this awesomeness...
After a wild year that saw the emergence of so-called super angels and a surge in valuations for seed-stage start-ups, we caught up with Michael Kim, who invests in seed-stage funds, to talk about what to expect in 2011.
- Michael Kim, managing director of Cendana Capital
Kim is a former venture capitalist with Rustic Canyon Partners and a former member of the board of trustees for the San Francisco Employees’ Retirement System. He left Rustic Canyon in 2009 to start up Cendana Capital, a fund of funds that invests exclusively in seed-stage or “micro-cap VC” funds. He hasn’t disclosed details of his investing or funding, but Roger Ehrenberg’s IA Ventures recently raised a $50 million fund and disclosed Cendana was an investor in the fund.
Here’s an edited excerpt of our interview:
What do institutional limited partners (LPs) think of seed-stage funds? Are they interested in this asset class
There’s a growing interest by institutional LPs in the micro-cap VC space, which I define as under $100 million in size with a focus on being in the first-round seed investment of a start-up. Most advanced institutional LPs are beginning to recognize that micro-cap VCs firms are carving a permanent position in venture financing. They’re starting to see an ecosystem where micro-cap firms lead first initial financing which gives 12 to 18 months of runway to hit operational and financial milestones, then you have traditional Series A investors becoming the new Series B. An important element is capital efficiency. In the last 10 years it’s becoming cheaper to start a company.
via blogs.wsj.com
Great WSJ interview with Michael Kim of Cendana Capital -- he knows the micro-VC space as well as anyone and is one of the smarter people out there.
