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Simon Chan

General Partner at Firsthand Alliance

New York, New York

Overview 

Simon Chan is a General Partner at Firsthand.vc and a 4X Founder whose company, PredictionIO, was acquired by Salesforce. He has a background in entrepreneurship and has successfully founded and led multiple startups, including Crossia and Tutor123.com, with a focus on cloud computing, SaaS, and data analysis. Chan has experience as a Venture Partner at Shasta Ventures and Executive In Residence at Sierra Ventures, as well as making strategic investments in companies like lunar.dev and LastMile AI.

Work Experience 

  • General Partner

    2022 - Current

    Firsthand.vc is a “Salesforce mafia” VC fund. We invest in ambitious founders who are building the future of B2B from the earliest stage.

Firsthand.vc is an inception stage VC investing in autonomous B2B software across industries.

  • Angel Investor / LP

    2016

    I invest personally in startups that are not within the scope of Firsthand Alliance. I also invest in some funds as an LP. Highlighted personal portfolio: - Caper - AI self-checkout shopping carts (Acq by Instacart) - Indus.ai - construction intelligence (Acq by Procore) - Brightback - an automated subscription retention service (Acq by Chargebee) - Lawyaw - legal document automation (Acq by Clio) - Hummingbot - open-source crypto trading software - HomeCourt - an app that uses AI to record and track basketball shots, makes, misses, and location - Carta - company ownership management platform - Smith.ai - a receptionist service for live calls & website chat and other companies still in stealth mode. Select Web3: - OpenSea - Kraken - LikerLand Select funds: - Pantera Capital - Soma Capital - Animal Capital - 500 Global

  • Venture Partner

    2019 - 2021

    I'm excited to work with Shasta Ventures part-time as a Venture Partner to support entrepreneurs and further develop the firm's focus on smart enterprise software.

Shasta Ventures is a venture capital firm that focuses on investing capital in enterprises.

  • Executive In Residence (Investing)

    2020 - 2021

    Actively investing in early-stage startups globally.

Sierra Ventures is an early-stage venture firm investing globally with a focus on next generation enterprise and emerging technologies.

  • CEO and Co-founder

    2013 - 2019

    PredictionIO is a machine learning server. It empowers developers to build predictive engines and deploy them as scalable web services in a fraction of the time. The open source version of PredictionIO is ranked by Github as the most popular Apache Spark-based ML projects in the world. Acquired by Salesforce in Feb 2016. Built up the Einstein Platform product team after joining Salesforce. Initiated and launched AI-related platform products.

Salesforce is a cloud-based software company that provides customer relationship management software and applications.

Raised $65,375,124.00 from Starboard Value.

  • CEO & Co-Founder

    2006 - 2010

    Created two popular social networking sites: 1. WaZhua -- an online VR entertainment world. Pioneered China's live digital DJs and Karaoke market. 2. CityIN -- a networking site for professionals. Developed face-recognition technology for photo-tagging, QR code service for users to scan up to 1000 Chinese characters of data from the site into their mobile phones and a real-time learning recommendation engine. Acquired Moochi, a Tsinghua University spin-off company, which developed an online video editing platform for the China market. Managed a 50-people company in Guangzhou and Beijing.

  • CEO & Founder

    2004 - 2006

    Established the online career social networking. Powered by social graph recommendation and NLP for automated resume matching.

  • CEO & Founder

    2003 - 2004

    Established a tutor-student matching platform. Operated 6 profitable SAT preparation centers under the name Elite1600.

  • Software Engineer, Core Technology, Retail

    2002 - 2004

    Developed the intelligent Financial Advisor for mutual fund recommendation.

E*Trade is a financial services company that specializes in online discount stock brokerage service for self-directed investors.

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