In the realm of venture capital, David Yi and Simon Shin are revolutionizing cross-border trading by applying fintech concepts to bridge opportunities between Vietnam and the United States.
Operating Ethos Fund, a pioneering five-person firm exclusively focused on strengthening ties between the two countries, Yi and Shin closed an inaugural fund comprising $12 million in capital commitments from esteemed limited partners.
Their investments range from supporting “third culture founders” in the U.S. to nurturing early-stage startups in Vietnam, particularly targeting returned Vietnamese diaspora, Vietnamese Americans, and expats living in the country.
Ethos Fund co-founders David Yi and Simon Shin. Image Credits: Ethos Fund
Yi emphasized the importance of founders embodying their unique third culture, transcending traditional norms of identity and geography.
Driven by their edtech backgrounds, Yi and Shin view venture capital as a form of education, hosting enriching programs like the New Venture Challenge and Saigon Fest to foster learning and collaboration among entrepreneurs and investors.
With a diverse portfolio of investments including Oyl, Skola, and Mirrorscape, Ethos Fund continues to propel innovative startups in various sectors.
Do you have insider knowledge or tips related to startups and venture capital? Share them with Christine Hall at chall.techcrunch@gmail.com or through this Signal link. Your anonymity will be respected.
