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Kevin Fong
Seasoned Venture Capitalist, Board member
Professional Background
Kevin Fong is a prominent figure in the realm of venture capital, particularly known for his focus on early-stage and deep-technology investments. With a remarkable career that spans over 35 years, he has established himself as a seasoned venture capitalist, a multi-time firm builder, and a serial board member. His journey in the venture capital sector began at Mayfield, where he was first hired as an associate. With determination and an innovative vision, Kevin ascended to the role of Managing Partner, where he successfully raised and managed a substantial $4 billion in assets. His critical work in this capacity helped define Mayfield's trajectory, particularly with the establishment of Mayfield’s first international fund in China, which has since evolved into what we know today as GSR Ventures.
Kevin’s leadership at GSR Ventures took the firm from its inception to an impressive $3.7 billion in funds under management, leading to the launch of the firm’s eighth fund. GSR Ventures is widely regarded as one of the premier early-stage tech funds in China and was among the first to explore the burgeoning Chinese tech landscape. Under his guidance, GSR has partnered with innovative companies like Didi Chuxing, Qunar, Xiaohongshu (Red), and Skydio. Kevin's keen insight into market trends and technology applications has positioned him as a notable contributor to the startup ecosystem.
Over the course of his illustrious career, Kevin has made successful investments in more than 54 early-stage companies. Among these investments, nine companies have gone public, and 15 have been acquired, leading to an impressive $1.6 billion returns to his limited partners and facilitating the creation of over $13.4 billion in enterprise value. These impressive statistics solidify Kevin’s reputation as an astute investor with an unparalleled capacity for identifying high-potential startups in the technology sector.
In July 2023, Kevin took on a new challenge as a General Partner at MVP Ventures, where he continues to apply his extensive expertise to support early-stage, deep-tech companies. Despite transitioning to MVP, he remains committed to his existing GSR portfolio, offering valuable guidance and strategic advice tailored to the needs of each organization.
Education and Achievements
Kevin holds a solid academic background that has equipped him with a strong foundation in both engineering and business. He earned his Bachelor of Science degree in Engineering from the University of California, Berkeley, a prestigious institution known for its rigorous curriculum and notable alumni. Following this, he pursued advanced studies at Stanford University, obtaining a Master of Science degree in Electrical and Electronics Engineering from the Stanford University School of Engineering. To further solidify his leadership credentials, he completed his MBA at the Stanford University Graduate School of Business, where he honed his skills in strategic thinking and business management.
Kevin's impressive list of successful investments includes notable companies such as Legato Systems, Redback Networks, Alantec, Crescendo Communications, and 3PAR. His track record in fostering innovation and supporting new ventures has earned him recognition among peers and emerging entrepreneurs alike.
Notable Organizations and Board Positions
Throughout his career, Kevin has played influential roles in various organizations contributing to the technology and venture capital landscape. He has been a strong advocate for fostering technological advancement and innovation, serving as an advisor to America's Frontier Foundation, an initiative backed by influential figures like Eric Schmidt and Peter Thiel, and led by Gilman Louie. His involvement with such initiatives underscores his commitment to the future of technology and innovative resources.
In addition to his work with funds and startups, Kevin has held several important board positions. He has been a board member at companies such as oneNav, Inc. and Datavisor Inc., where he provided critical insights to help shape business strategies and technological development. His tenure at GSR Ventures has also solidified his status within the venture community, providing guidance to up-and-coming tech startups.
Kevin has held pivotal leadership positions, including Chairman of the Board of Directors at Mirabilis Medica, Inc. and non-executive Chairman of the Board at Diamanti. His dedication and expertise have made him an invaluable asset to these organizations, where his strategic vision and industry understanding have fostered growth and innovation.
In the 2020s, Kevin continued to expand his influence in the venture capital landscape through his role as a judge at LaunchUP Las Vegas, further showcasing his commitment to entrepreneurship and new business ventures. By being actively involved in organizations such as HYSTA (Hua Yuan Science and Technology Association) and 3PAR Government Systems, he has played a crucial role in enhancing collaboration between technology sectors and cultural communities, driving innovation forward.
Achievements
Kevin Fong's career is punctuated by various achievements that highlight his skills as an investor, leader, and innovator. His success in raising significant funds for Mayfield and GSR Ventures has established high standards within the industry. The value he has helped generate for his limited partners speaks volumes of his acumen in identifying and nurturing promising startups.
Numerous startups have benefitted from his wealth of experience and insight, contributing to their growth and success in competitive marketplaces. His track record of investing in early-stage companies and guiding them through complex market dynamics has not only enriched their individual journeys but has also contributed to the wider technology landscape.
With a focus on deep-tech ventures, Kevin is poised to continue making meaningful contributions to the world of venture capital and technology innovation. He exemplifies the qualities of a forward-thinking venture capitalist, dedicated to fostering the next generation of technology leaders and entrepreneurs. His commitment to deep-tech investment, coupled with an inspiring educational background, ensures Kevin Fong remains a significant figure in the venture capital realm.
