Patrick Chung
General Partner at Xfund
Palo Alto, California
Overview
Work Experience
Managing General Partner
2012 - Current
Patrick is Managing General Partner of Xfund. Prior to Xfund, Patrick was a partner at NEA and led the firm’s consumer and seed investment practices. He is a director of 23andMe (NASDAQ: ME) and Philo, and led investments in Guideline, Halo Neuro, IFTTT, Landit, Nebula Genomics, NewtonX, Rock Health, ThirdLove, and Zumper. Past investments include Segment (acquired by Twilio), Kensho (acquired by S&P Global), Plaid (almost acquired by Visa), Pulse (acquired by LinkedIn), Loopt (acquired by Green Dot), GoodGuide (acquired by Underwriters Laboratories), Ravel Law (acquired by Lexis-Nexis), Xfire (acquired by Viacom), and Xoom (NASDAQ: XOOM). Prior to joining NEA, Patrick helped to grow ZEFER, an Internet services firm (acquired by NEC) to more than $100 million in annual revenues and more than 700 people across six global offices. Prior to ZEFER, Patrick was with McKinsey & Company, where he specialized in hardware, software, and services companies. Patrick received a joint JD-MBA degree from Harvard Business School and Harvard Law School, where he served as an Editor of the Harvard Law Review. Patrick was a Commonwealth Scholar at Oxford University, where he earned a Master of Science degree. Patrick earned his A.B. degree at Harvard College in Environmental Science. He is a member of the New York and Massachusetts bars, was an elected director of the Harvard Alumni Association, and a member of the Committee to Visit Harvard College. He is also an Associate of the Creative Destruction Lab at the University of Toronto.
Xfund is the early-stage venture firm designed to back lateral thinkers.
Head of Consumer investing practice, Head of Seed investing practice
2005 - 2014
NEA is the nation’s largest and most active venture capital firm, with over $27 billion under management. Elected Partner in under three years (youngest partner elected at that time). Led investments in 23andMe (NASDAQ: ME), GoodGuide (acquired by Underwriters Laboratories), IFTTT, Kensho (acquired by S&P Global), Loopt (acquired by Green Dot), Philo, Plaid (almost acquired by Visa), Pulse (acquired by LinkedIn), Ravel Law (acquired by Lexis-Nexis), Rock Health, Segment (acquired by Twilio), ThirdLove, Xfire (acquired by Viacom), Xoom (NASDAQ: XOOM), and Zumper.
New Enterprise Associates is a venture capital firm that focuses on investments in technology and healthcare startups.