Patrick Chung (Xfund)

Patrick Chung is an American venture capitalist. He is the co-founder and managing general partner of Xfund, the early-stage venture capital firm based in Palo Alto, California, with offices in Cambridge, Massachusetts.
Chung formerly served as the head of storied venture capital firm NEA's Consumer and Seed-stage investing practices. Chung is a Harvard alumnus with an enviable track record as a professional investor. He specializes in helping founders at the very earliest stages conceive, establish and build significant enterprises. He is a member of the Harvard College Visiting Committee and an associate of the University of Toronto's Creative Destruction Lab.
Chung has been featured in several media outlets including The Wall Street Journal, The New York Times, Forbes, Fortune, Bloomberg, The Harvard Crimson, The Stanford Daily, CNBC, and others.
==Early life and education==
After graduating from Upper Canada College, the Canadian all-boys high school, Chung matriculated at Harvard College, where he studied environmental science and was Editorial Chair of The Harvard Crimson. His thesis was awarded triple-summa reading by the committee and earned him a John Harvard Scholarship for the highest academic rank group.
He won the Commonwealth Scholarship to study at the University of Oxford, where he earned a master’s degree in environmental science. During his time there, Chung was awarded both class prizes for Best Dissertation and Best Overall Performance.
Chung went to Harvard Law School and Harvard Business School, where he earned a joint JD-MBA degree. During this time, Chung was editor of the Harvard Law Review, and developed a popular course on corporate governance with former Vice Chairman of Fidelity Investments Robert C. Pozen. He also won the prestigious Williston Contracts Negotiation Competition and was selected by the Academy of Achievement as one of “the world’s most outstanding graduate students.”
==Career==
Chung started his career when he joined the global consulting firm McKinsey & Company, specializing in hardware and software companies. He was also a co-founder of ZEFER, an internet services company which he helped grow to more than $100 million in annual revenue.
In 2005, Chung joined New Enterprises Associates (NEA), America’s largest and most active venture capital firm. Within three years, Chung became the youngest-ever partner elected at NEA. He worked for nine years as NEA’s Head of Consumer investing practice and the founding head of its Seed investing practice. During his time at NEA, Chung led the firm’s investments in several blockbuster companies including 23andMe, GoodGuide, Loopt, Pulse, IFTTT, Xfire, Xoom, Kensho, Plaid, Ravel Law, Segment, ThirdLove, and Zumper.
In 2012, Chung co-founded Xfund, the early-stage venture capital firm affiliated with Harvard University and other leading universities of the world. Under Chung’s leadership, Xfund has invested in several companies including 23andMe, Kensho, Guideline, Philo, Vaccitech, Curebase, Natalist, AeroVect, Landit, NewtonX, Lighthouse, and many others. As of 2020, the company had invested one-third of its capital in companies with women founders/CEOs.
==References==
==External links==
* Official Website
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Category:American venture capitalists
Category:Harvard College alumni
Category:Alumni of the University of Oxford
Category:Harvard Business School alumni