#102 Rando Rannus, Siena Secondary Fund

In this episode, we're happy to welcome you to Rando Rannus, General Partner of Siena Secondary Fund. Rando is a founding member of Estonian Startup Leaders Club, a leading figure in EstBan, and is an excited entrepreneur with a portfolio of 30+ startups. With everyone talking about secondaries these days, we thought it was natural to sit down Rando to talk about talk about the opportunity he's capturing, the market he's navigating and the fund he's building.

In this episode you’ll learn:

– The founding story and opportunity that led to the raise of Siena Secondary Fund - and the surprising story behind the name

– Juxtaposition of the early stage market and secondaries market - and why defaults in the portfolio are a complete no-go

–  Why Rando prefers to buy secondaries off of founders, early employees or local champions