Patrick Chung is the Managing General Partner of Xfund.

Xfund is an early-stage venture capital firm built to back entrepreneurs who think laterally and experiment across disciplines.
They are a pioneering partnership between some of the country’s most successful venture capital firms and some of the world’s best research universities in the United States and abroad.

Patrick's bio is fascinating!

Bachelor, JD and MBA from Harvard
Masters from Oxford
McKinsey
Founder of ZEFER which hit $100M annual revenue and was acquired
Partner at NEA


Takeaways

Patrick's journey from Harvard, Oxford, McKinsey and into venture.
Learnings from being a VC at NEA.
The genesis story behind Xfund and its focus.
Why founders are like artists.
Meeting Sam Altman 20 years ago and investing in his first company Loopt.
Cultural shifts are encouraging more graduates to pursue entrepreneurship.
University bias often leads to safe career choices and how to change that.
Providing term sheets upon graduation provides real choices for potential founders.
Talent over industry.
The importance of co-founders.
Navigating university policies on IP.


Chapters
00:00 Patrick Chung's Journey: From Harvard to Venture Capital
03:06 The Empathy of Founders: Insights from the Investor Side
06:04 Identifying Great Founders: The Xfund Approach
08:53 Cultural Shifts in Entrepreneurship: A New Generation of Founders
12:06 Navigating University Bias: The Challenge of Safe Choices
15:11 Creating Real Choices: The Experiment Stake Initiative
18:07 Finding Talent: Where to Discover Future Founders
21:09 Sector Focus: Talent Over Industry
23:56 The Power of Co-Founders: Trust and Collaboration
27:07 Selecting Schools: The Power Law of Startup Success
30:05 Unlocking Entrepreneurial Potential: Tools and Strategies
32:47 Commercialization and IP: Navigating University Policies
36:07 Personal Insights: Dealing with Hard Times

Keywords
Patrick Chung, Xfund, venture capital, entrepreneurship, founders, university startups, empathy, investment, startup culture, commercialization

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