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.
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.
To read the full, original article click on this link: What’s The 2011 Outlook For Seed-Stage Investing? - Venture Capital Dispatch - WSJ
Author: Tomio Geron
