Han Shen is Founder and General Partner at iFly.vc investing in early-stage consumer startups in the US.
Dr. Shen Han joined Eugene Foo/Yuyan Wang at YUVC sharing his journey from sending 100+ cold emails to VCs to becoming a Solo GP in Silicon Valley.
From a chemistry background, he’s bold in betting on American consumer with portfolio such as Weee!, the largest minority groceries marketplace, and beyond.
Eugene Foo: What’s the hardest part of building a venture capital fund?
Han Shen: Consistently investing in the next big things.
Eugene Foo: Why was Weee!, your portfolio company and now the #1 Asian delivery app in the US, rejected by everyone?
Han Shen: Some simply said TAM wasn’t big. But it wasn’t true. Minorities, including Asian, Hispanic, spend $360b on groceries. This market is under-served.
Now listen in for more insights! ❤
00:00 - From Sand Hill Road to Austin-based iFlyVC
04:11 - Visiting 100+ VCs to break into VC in 2009
07:48 - Job Seeking to Founding a Fund
11:46 - Evolving Perspectives on Investment
15:59 - Differentiation Advantages in the Fresh E-commerce Sector
17:52 - The Art of Investment: Balancing Stability and Innovation to Find Your Playbook
21:52 - Staying True to Yourself: Crafting a Personalized Investment Strategy
25:47 - The Consumer Sector: Investment Strategies and Team Collaboration
28:50 - Selection Criteria and Decision-Making Methods for Investors
31:03 - Cognitive Biases in Investment and the Importance of Founder Trust
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• Email:
[email protected]• X: https://x.com/_Han_Shen_
• LinkedIn: https://www.linkedin.com/in/hanshen/
• iFly VC: https://ifly.vc/