E22: Small Funds, Big Impact: Graham Pingree on Early-Stage Trends, Portfolio Design, and the Pre-Seed Advantage

Graham Pingree is a Partner at Cendana Capital, a fund of funds firm that invests in small venture funds investing at pre-seed and seed. We talked about why Cendana is focused on small funds, why it has a concentrated strategy, what the firm looks for in emerging managers, how to think about reserves and recycling, and why big venture firms are surprisingly hard to kill.    Investing in Startups is hosted by Joe Magyer and produced by Seaplane Ventures.