204x DPI funds, why high ownership to fund size drives outlier returns, how secondaries are generating most early stage VC returns, the 60x rule, and inside Cendana's early days
π§π Cendana's Michael Kim on Characteristicsβ¦
204x DPI funds, why high ownership to fund size drives outlier returns, how secondaries are generating most early stage VC returns, the 60x rule, and inside Cendana's early days