Tim Chang
| Tim Chang | |
|---|---|
| Born | |
| 🏫 Education | University of Michigan (B.E., M.S.) (1990-1996), Stanford Graduate School of Business, MBA (2001) |
| 💼 Occupation | |
Tim Chang is a US venture capitalist. Since September 2011, he is a managing partner at Mayfield Fund.[1]
Early life and education[edit]
Tim Chang was born the United States to Taiwanese parents.[2] From 1990 to 1996 he studied at the University of Michigan, where he earned his Bachelor of Engineering and Master of Science degrees in Electrical Engineering.[3] While studying there, Chang also participated in Japan Technology Management Program and studied in Japan.[4]
In 2001, he earned his MBA as an Arjay Miller Scholar from the Stanford Graduate School of Business.[5][6][7] Later he became a mentor at StartX, a non-profit startup accelerator and founder community associated with Stanford University.[8]
Business career[edit]
Chang started his career as an intern at Toyota Motor Corporation.[9] He then worked as a chassis engineer at General Motors Japan.[9][10] For 5 years he worked for Gateway Japan as a product manager.[1]
Chang began working in venture capital financing in 1999 during his time at Stanford Graduate School of Business, where he became a co-founder of CTR Ventures K.K., a venture accelerator in Tokyo.[11] In 2001, he joined Gabriel Venture Partners firm and was promoted to its Principal in 2002.[11] In 2006, he became a partner at Norwest Venture Partners.[12][13]
In 2010, Chang co-founded wearable heart rate monitor maker Basis Sciences.[14][15] The company received funding from Norwest Venture Partners and later from Mayfield Fund.[16][17] In March 2014 the firm was acquired by Intel for $100 million.[14]
At Norwest Chang also invested in ngmoco, Playdom, BranchOut, Lumosity and AdChina (acquired by Alibaba Group).[18][19][20]
Two purchases of 2010 (Disney's $763 million purchase of Playdom and DeNA's $403 million purchase of ngmoco) resulted in him being included into Forbes Midas List in 2011 (#87).[21] Beyond his investments in mobile and gaming companies, Chang was responsible for Norwest's investments in China and frequently traveled from the US to China.[22] In November 2010, Chang was promoted from principal to partner.[23]
While working for Norwest, he established a reputation as a gamification and social games expert.[24][25][26]
In September 2011, Chang joined Mayfield Fund as a managing director of Mayfield XIII fund with $400 million in capital.[27][12] In 2012, he was included into Forbes Midas List for the second time.[28] In July 2012, Chang became one of the directors of Mayfield XIV fund with $365 million in capital.[29] According to TechCrunch’s 2014 editorial note, at Mayfield he lead "consumer investing practice with a focus on the Internet of Things, consumerized health & wellness, crowdsourcing, collaborative consumption, mobile-first service and product marketplaces, vertical communities, and enabling platforms and services."[30] He was one of the early venture capital investors in health-tracking apps, notably HealthTap.[31][32]
His other investments include Moat (acquired by Oracle for $850M),[33][34] sustainable home and personal care goods eCommerce company Grove Collaborative,[35] group fitness company Fitmob (merged with ClassPass),[36][37] group commerce startup Massdrop,[38] short-term rental management platform Pillow (acquired by Expedia),[39] VR "mood on demand" startup TRIPP,[40] and the drone company 3D Robotics.[38]
Personal life[edit]
Chang lives in the Silicon Valley with his wife and daughter.[41] He has identified himself as a survivalist and biohacker.[41][42][43] Chang is a bass guitarist at Punjabi funk band BlackMahal and classic rock band CoverFlow.[44][28][45] He is also a bitcoin investor.[46]
References[edit]
- ↑ 1.0 1.1 Takahashi, Dean (September 6, 2011). "Mayfield Fund snags game investor Tim Chang as managing director". VentureBeat. Retrieved October 7, 2019.
- ↑ "What I've Learned – Mayfield Fund's Tim Chang". usajapan.org. 2017-08-21. Retrieved 2019-10-07.
- ↑ "Tim Chang". Crunchbase. 2019-09-14. Retrieved 2019-10-07.
- ↑ Liker, Jeffrey; Campbell, John (1997-03-24). "Japan Technology Management Program, The University of Michigan: Final Technical Report" (PDF). University of Michigan. Retrieved 2019-10-07.
- ↑ Shao, Maria (2011-09-01). "Jack Ma: China's Alibaba Wants to Acquire Yahoo". Insights by Stanford Business. Stanford Graduate School of Business. Retrieved 2019-10-07.
- ↑ Mendonca, Alan; Symonds, Matt (2001). ABC of Getting the MBA Admissions Edge. MBA Site, Ltd. p. 6. ISBN 978-0971482203. Search this book on
- ↑ "Tim Chang". TechCrunch. 2019. Retrieved 2019-10-07.
- ↑ "Mentors". StartX. 2016-01-22. Retrieved 2019-10-07.
- ↑ 9.0 9.1 "3rd Annual JITMT Intern Workshop". University of Pittsburgh. 1996. p. 1. Retrieved 2019-10-07.
- ↑ "Letter Of Intent? In China, It's Just A Piece Of Paper". The Wall Street Journal. November 15, 2010. Retrieved October 7, 2019.
- ↑ 11.0 11.1 "Building Blocks 2006". prime.digitalhollywood.com. 2006-08-16. Retrieved 2019-10-07.
- ↑ 12.0 12.1 Primack, Dan (September 6, 2011). "Exclusive: Tim Chang to join Mayfield". Fortune. Retrieved October 7, 2019.
- ↑ Takahashi, Dean (March 1, 2009). "GamesBeat 09 preview: Veteran VC Tim Chang on what's hot, what's not in game investments". VentureBeat. Retrieved October 7, 2019.
- ↑ 14.0 14.1 Statt, Nick; Nieva, Richard (2015-01-02). "At CES 2015, gadget makers to test promise of a do-it-all wearable". CNET. Retrieved 2019-11-09.
- ↑ Dickinson, Boonsri (2012-02-07). "This VC Thinks Health Tracking Is About To Take Off - Like PCs In The 1970s". Business Insider. Retrieved 2019-11-09.
- ↑ Dembosky, April (2011-06-10). "Invasion of the body hackers". Financial Times. Retrieved 2019-11-09.
- ↑ Geron, Tomio (2013-03-06). "Basis Raises $11.5M For Holistic Health Monitoring". Forbes. Retrieved 2019-11-09.
- ↑ Romans, Andrew (2013). The Entrepreneurial Bible to Venture Capital: Inside Secrets From the Leaders in the Startup Game. McGraw Hill. p. 10. ISBN 978-0-07-183036-2. Search this book on
- ↑ Boyd, E.B. (2011-06-16). "Why "Brain Gyms" May Be The Next Big Business". Fast Company. Retrieved 2019-11-09.
- ↑ Carsten, Paul (2015-01-14). "Alibaba buys controlling stake in digital marketing firm AdChina". Reuters. Retrieved 2019-11-09.
- ↑ "#87 Tim Chang". Forbes. April 6, 2011. Retrieved October 7, 2019.
- ↑ Perlroth, Nicole (September 6, 2011). "The VC Shuffle: Tim Chang Leaves Norwest for Mayfield". Forbes. Retrieved November 18, 2019.
- ↑ Tam, Pui-Wing (November 22, 2010). "Norwest Recruits and Ramps Up". The Wall Street Journal. Retrieved November 18, 2019.
- ↑ Geron, Tomio (November 12, 2009). "Playdom Investor Tim Chang On Why Social Gaming Is Hot". The Wall Street Journal. Retrieved October 7, 2019.
- ↑ Zichermann, Gabe (December 10, 2010). "VCs level up with "gamification" investments". VentureBeat. Retrieved October 7, 2019.
- ↑ Duggan, Kris; Shoup, Kate (2013). Business Gamification For Dummies. John Wiley & Sons. p. 6. ISBN 9781118466940 – via Google Books. Search this book on
- ↑ Tam, Pui-Wing (September 6, 2011). "Tim Chang Jumps From Norwest To Mayfield". The Wall Street Journal. Retrieved October 7, 2019.
- ↑ 28.0 28.1 "#54 Tim Chang". Forbes. May 5, 2012. Retrieved October 7, 2019.
- ↑ Geron, Tomio (July 12, 2012). "Mayfield Fund Raises $365 Million Fourteenth Fund". Forbes. Retrieved November 18, 2019.
- ↑ Chang, Tim (2014-07-26). "Startups Are Finally Hacking Healthcare". TechCrunch. Retrieved 2019-11-09.
- ↑ Landau, Elizabeth (2012-09-22). "Tracking your body with technology". CNN. Retrieved 2019-11-09.
- ↑ Stross, Randall (2012-02-04). "Advice for the Ill, and Points for the Doctors". The New York Times. Archived from the original on 2018-10-03. Retrieved 2019-11-09.
- ↑ Lunden, Ingrid (April 23, 2012). "Clicks Be Gone: AdTech Disrupter Moat Raises $12M Series B From Mayfield, Others". TechCrunch. Retrieved November 18, 2019.
- ↑ Kafka, Peter (April 20, 2017). "Oracle will pay more than $850 million for Moat". Vox. Retrieved November 18, 2019.
- ↑ Buhr, Sahar (January 17, 2018). "Natural home products startup Grove Collaborative bets niche wins over the Amazonization of everything". TechCrunch. Retrieved November 18, 2019.
- ↑ Rao, Leena (January 23, 2014). "Backed With $9.8M From Mayfield, Fitmob Wants To Reinvent Local, Group Fitness". TechCrunch. Retrieved November 18, 2019.
- ↑ Crook, Jordan (April 24, 2015). "ClassPass Acquires Competitor FitMob". TechCrunch. Retrieved November 18, 2019.
- ↑ 38.0 38.1 Loizos, Connie (October 10, 2016). "Former Twitter VP Rishi Garg is now a VC at Mayfield". TechCrunch. Retrieved November 18, 2019.
- ↑ Clark, Kate (September 23, 2019). "Expedia acquires Pillow and ApartmentJet to conquer the short-term rental market". TechCrunch. Retrieved November 18, 2019.
- ↑ Takahashi, Dean (September 28, 2017). "Tripp raises $4 million for mood-altering virtual reality experiences". VentureBeat. Retrieved November 18, 2019.
- ↑ 41.0 41.1 Osnos, Evan (January 22, 2017). "Doomsday Prep for the Super-Rich". The New Yorker. Retrieved November 9, 2019.
- ↑ Dembosky, April (June 12, 2011). "Invasion of the Body Hackers". Slate. Retrieved November 9, 2019.
- ↑ Geron, Tomio (June 12, 2011). "'Nootropics' Startups Seek to Sharpen Mind and Body Via Supplements". The Wall Street Journal. Retrieved November 9, 2019.(subscription required)
- ↑ Tsotsis, Alexia (September 27, 2010). "Entrepreneur Boy Band Cover Flow To Play Disrupt After Party". TechCrunch. Retrieved November 9, 2019.
- ↑ Zafar, Aylin (June 4, 2014). "The Tech Exec Cover Bands Of Silicon Valley". BuzzFeed. Retrieved November 9, 2019.
- ↑ Primack, Dan (March 18, 2014). "Bitcoin: Silicon Valley's new version of real estate?". Fortune. Retrieved November 9, 2019.
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