How Andrew Chung and his 1955 Capital are Planning to Take Over Chinese Markets
After leaving Kholsa Ventures where he made a name for himself as a top-notch business leader, Andrew Chung is now shaking the business world with his new firm, 1955 Capital. He started this new business entity in 2015 with its headquarters in San Francisco. During his five-year stint at Kholsa, this celebrated business leader has led numerous investments in the energy and technology sectors.
In addition to this, Chung took advantage of his fluency in Mandarin and Cantonese to help more than ten companies set root in the Chinese markets. Armed with his new venture capital firm, he hopes to leverage his experience to bridge the gap between U.S. companies and the Chinese market.. Don't use plagiarised sources.Get your custom essay just from $11/page
$200 million already raised
Recently, Chung announced to the media that he had already raised more than $200 million to be directed towards helping U.S. companies get into the Chinese markets. He went on to say that 1955 Capital will primarily invest the funds in technologies in the food, agriculture, energy, health, and education sectors.
Unlike with Kholsa where they invested in companies in their infancy, he’s now more enthusiastic about start-ups that are a step away from commercialization. Andrew Chung pointed out that his main goal now was start-ups that were about 1 – 3 years to commercialization. Each start-up under the venture capitals wings will receive between $10 million and $15 million to fast-track their commercialization.
About 1995 Capital
Founded in 2015 and with its headquarters in San Francisco, this venture capital firm is set to take over the business world soon. According to its founder, he chose 1955 as the firm’s name because it’s a great yet for him. This is the year that Bill Gates was born, and also Vinod Kholsa, his former partner. Moreover, Albert Einstein and Charlie Parker – both revolutionaries in their own right – died this year.
This venture capital firm targets to provide a bridge for companies in the United States to take advantage of opportunities in developing markets. China is the primary focus 1955 Capital at the moment, with India coming in second. This firm hopes to revolutionize the world over the next decade by accelerating tech commercialization.