Cendana’s Kelli Fontaine on early-stage investing, avoiding late-stage funds and more

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San Francisco-based Cendana Capital, which backs early-stage venture capital funds as a limited partner, recently closed its third fund with an overall corpus of $470 million. Cendana, founded in 2010 by Michael Kim, operates a fund-of-funds focused on seed and pre-seed VC firms around the world. Its portfolio includes seed ......