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Stock impact report

Ethos Fund closes first fund to invest in founders bridging U.S. and Vietnamese tech ecosystems [TechCrunch]

EpicQuest Education Group International Limited (EEIQ) 
Company Research Source: TechCrunch
Cross-border trading usually occurs in fintech, where companies send money to another country. However, David Yi and Simon Shin are out to apply that concept to the world of venture capital. Yi and Shin started Ethos Fund two years ago to bridge opportunities and startup communities between Vietnam and the United States. Yi says the five-person firm is one of the few, if not the only, funds focused exclusively on strengthening opportunities between these two countries. They closed on an inaugural fund with $12 million in capital commitments from a group of limited partners, including Elite Education Group, i-Scream Edu, Orions Bridge Capital, Strong Ventures and founders from Altos Ventures, Hashed, Tapas Media, JLin LLC and Meridienlink. Yi and Shin are working with companies in two ways: in the U.S. to invest in what they call “third culture founders,” which they define as “brilliant minds who don't just belong to one culture but have been shaped by multiple ones,” solving pr Show less Read more
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