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Andrew Chung

Founder & Managing Partner at 1955 Capital

Andrew Chung is a prominent figure in the venture capital and private equity sectors, currently serving as the Co-Founder and Executive Director of Math in the Mountains. He is also the Founder and Managing Partner at 1955 Capital, a venture capital firm based in Jackson, Wyoming, which he established in 2015.

Chung has over 20 years of experience as a tech investor and entrepreneur, with a strong background in various industries including energy, food, and education. His educational credentials include a Bachelor of Arts in Applied Mathematics from Harvard University and an MBA from The Wharton School at the University of Pennsylvania.

In addition to his role at 1955 Capital, Chung is actively involved in several organizations, serving on the boards of Nature's Fynd, Teton Science Schools, and Gridtential Energy, among others. His expertise spans a wide range of skills, including leadership, strategic partnerships, and entrepreneurship.12

Highlights

Jun 19 · linkedin

I’m thrilled that Math in the Mountains returns to Jackson Hole 6/22 to 7/5! Renowned mathematicians convene to enlighten 40 gifted young learners and 20 teachers by mixing math recreations with outdoor adventures hosted by Teton Science Schools.

Many of today's top thinkers developed their creative minds and problem solving skills through learning #math. Brin, Ballmer, Immelt, Hastings, and Nooyi all studied math. However, parents, professors, and policymakers agree that the state of today’s math education is concerning, amplified by the arrival of generative AI. Will the next generation be equipped to solve humanity’s problems?

I launched MitM last year to help answer this question with Paul Zeitz, founder of the Proof School and legendary coach of the first US team to win the International Math Olympiad, and my daughter Aria as “Student 0.” We sought to reinvent how math is taught by incorporating creativity, imaginative thinking, grit, resilience, and intellectual risk-taking into learning. True #mathematicians are explorers, and we shape that mindset in our young learners by doing amazing math in an adventurous place with a stellar faculty.

Last year, 40 campers studied courses from "Geometry of Complex Numbers" to "Infinities", from "Mathematics of Fairness" to "Rational Tangles": college-level math taught in a fun and accessible way. They engaged in challenging activities, like whitewater rafting on the Snake River, a wilderness expedition in Grand Teton National Park, and summiting Rendezvous Mountain.

At the heart of MitM is our award-winning mathematicians and educators: leading-edge academics (Ken Ono, Paul Zeitz), National Coaches for the US #MathOlympiad Team (Po-Shen Loh, John Berman), founders of Canada/USA #MathCamp (Mira Bernstein), math heads at top STEM schools (Lora Saarnio, Joshua Zucker, Jason Horowitz), and the President of University of Wyoming (Edward Seidel).

Next week, we have plenary sessions open to the public, all held at TSS. Please DM me if interested in participating!

Sunday, June 23, 7:30 PM -- Ken Ono, mathematician, Team USA triathlete, and film producer (The Man Who Knew Infinity), discusses the significance of Ramanujan, a prodigy who went undiscovered in India until G.H. Hardy at Cambridge identified his talent.

Monday, June 24, 1:30 PM -- Ed Seidel, physicist & astronomer, lectures about how math plays into the study of black holes and Einsteinian physics.

Tuesday, June 25, 1:30 PM -- I talk about how math thinking affects decision making, inspires smart risk-taking, and leads to an innovative mindset for #entrepreneurs, #investors, scientists, and mountaineers.

Thursday, June 27, 7:30 PM -- Po-Shen Loh discusses "How To Thrive In the Age of AI." As AI advances at shocking speed, what is the future of humanity? How will people develop useful skills & solve unfamiliar problems in a world with automation? What is the future landscape of #education?

More info about MitM at http://mathmountains.org!

Apr 25 · linkedin

I'm thrilled to do a keynote fireside chat at today's AAAIM #VC Summit. It's an honor to be recognized for a career representing the #AAPI community as an #entrepreneurial investor building world-changing companies in #sustainability and #healthtech: starting at Bain Capital & Lightspeed two decades ago, later as a general partner at Khosla Ventures, and now as a founder of 1955 Capital. I never expected to embark on this odyssey when I imagined my future as a child of two uneducated immigrants in Chinatown New York, later in suburban Philadelphia as part of the only Chinese family in town, or when I attended Harvard University as a lucky first-generation student. I didn't really know what "venture capital" really was until well into my twenties!

In my conversation with host Meggie Ramirez and upcoming LinkedIn posts, I will reflect on a set of principles that helped me overcome the pervasive "ivory tower" bias that can discourage aspiring investors from AAPI or other underserved communities:

  • Wide-eyed, youthful optimism is vital
  • Be willing to take risk, pursue roads less traveled
  • Diverse viewpoints lead to more shots on goal
  • Have thick skin and be willing to fail
  • Seek out life-changing mentors
  • Passion, grit & perseverance beat natural ability & experience
  • You must be in the room where it happens

Importantly, I've seen over the course of my career that these principles have resonated with pioneering investors, inventors, prima ballerinas, presidents, and pro skiers from underrepresented communities.

Given the concerning findings on AAPI #representation by Prof. Shuo Chen, DECODE and the UC Berkeley Sutardja Center for Entrepreneurship and Technology (SCET), I feel it's more important than ever to shine a light on these principles and learn from other AAPI "breakout success stories" (thank you to the authors for referencing Khosla Ventures in that way).

Some surprising observations from the study:

  • Only 3.3% of VC funds are AAPI owned (2.9% of total AUM).
  • AAPIs are often left out of DEI initiatives by LPs. 19% of top 100 LPs exclude AAPIs in their DEI program statements.
  • The path to becoming an investing partner takes 41% longer for AAPIs.
  • This happens despite 53% of AAPI-owned funds delivering top-quartile returns (vs. 24% for non-AAPI funds). 🔗 Full report here - https://bit.ly/44dx4Kz

I sincerely hope to help improve these numbers and bring some renewed (and wide-eyed) optimism to the next generation of #GPs and #LPs.

Thanks again to AAAIM, David Lam, Jim Park, Brenda Chia, Johnny Wu, Kit Canlas, Christine Tsai, Sean Park, Alyssa Lee, Citizens Private Bank™, HarbourVest Partners, Paladin Capital Group and Pillsbury Winthrop Shaw Pittman LLP for putting on this important event at the MIT Sloan School of Management this week and for asking me to share my story.

Related Questions

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Andrew Chung
Andrew Chung, photo 1
Andrew Chung, photo 2
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Experience

Founder & Managing Partner at 1955 Capital, October 2015 - Present
General Partner at Khosla Ventures, September 2011 - January 2016; Consultant at Bain & Company, October 2002 - June 2004

Education

MBA, University of Pennsylvania - The Wharton School, 2004 - 2006; BA, Harvard University, 1995 - 1999

Location

Jackson, Wyoming, United States