Episode 126

Dave Lu ยท  Investing Into AAPI Founders With Hyphen Capital

โ€œIf they had the early stage capital, that first check is life-changing because someone believed in, you can give you the chance to take a risk and see if there's something there. โ€

Dave Lu is a veteran in the technology industry, having worked for over two decades at big tech companies including Yahoo!, Apple Cisco and eBay and founding two startups. In 2005, he bootstrapped his first company Fanpop, a user-generated community site for entertainment fans, to over 40 million monthly users. After Fanpop, he ran marketing for Luxe, a two-sided marketplace for on-demand valets. He leveraged his experience to launch his second startup, Pared, a restaurant enterprise software business. In 2011, Dave created a community called Asian American Founders Circle which has grown to over 300 founders including Tony Xu (DoorDash), Steve Chen (YouTube), Kevin Lin (Twitch) and many others. AAFC inspired the launch of Hyphen Capital, a syndicate focused on investing in AAPI founders that has invested in over 50 startups since launching in fall of 2020. He most recently started a movement with a letter condemning hate crimes against Asians which he wrote that was signed by over 1,000 prominent business leaders and was published as a full-page ad in the Wall Street Journal. Now with over 8,000 signatures it has led to the launch of Stand with Asian Americans. Dave received his bachelor’s degree in Finance from the University of Pennsylvania’s Wharton School and his MBA from the Stanford Graduate School of Business.

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