How Andrew Chung Started 1955 Capital

Andrew Chung, formerly part of Khosla Ventures has accumulated $200 million in funds that will help him invest in technologies of health, education, agriculture, food, and energy for his new firm called 1955 Capital.

Chung’s idea is to take startups that begin in Canada, Europe, and the US and take them to China to nurture their growth through funding sources and according to Andrew Chung, unique opportunities.

Chung is fluent in both Cantonese and Mandarin. He has been a part of cross border investing for quite some time now, specifically in China. At his last firm he was responsible for making deals between LanzaTech which is a biofuel company with various Chinese steel manufacturers. According to the venture capitalist himself, he is responsible for helping 10 companies transition successfully to Chinese markets.

Chung has even gone as far as calling himself a “bridge”. In a recent interview he explained how easy it has become for him to catch a plane from San Francisco to China just to make a deal.

The investor also added some details about the future he sees for Company 1955 Capital, and the plans he has. Chung says that he is hopeful his new company also begins to focus on other developing nations, one of which he says will be India.

Currently Chung is the only general partner in the $200 million fund that he has managed to bring together. The new firm may be helping businesses transition to Asia, but his company will be based in Silicon Valley.

On why Andrew Chung decided to call his firm 1955 Capital, he talked about how the year 1955 was an important one. Chung reminds us that it was in 1955 that musician Charlie Parker and Albert Einstein died, and it was the same year Vinod Khosla, his former partner, and Bill Gates were born.

As a firm in San Francisco, is said to be one of the venture capital firms that will aim to commercialize its client’s technologies in as little as 3 years time. Andrew Chung and other leaders in the firm will see to it.

Read More : www.mercurynews.com/2016/02/24/veteran-vc-launches-1955-capital-with-200-million/