Angel Investor Jonathan Hung on His New Investing Platform, Trousdale Ventures

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
Unicorn Ventures Managing Partner Jonathan Hung
Image courtesy of Unicorn Ventures

On this episode of the LA Venture podcast, Unicorn Ventures Managing Partner Jonathan Hung discusses his latest funds, manufacturing partners and investment mindset.

Hung first joined the business world through his father’s international clothing manufacturing business, and he took over the company in 2012. In 2016, he founded J Heart Ventures, which is his family office investing firm.


Two years later, Hung formed Unicorn Ventures with Dave Lin, who was CFO at Maker Studios, and Phillip Sarofim. Unicorn co-invests and leads funding rounds for early-stage startups. Hung views his role as an investor like that of a college counselor—he hopes for their success, but his focus is on helping them secure funding to get them to the next round.

“I hope you make it. I hope you graduate,” he said, adding that “my job is to get you that Series A. That's all that matters.”

Unicorn now operates as a part of West Hollywood-based Trousdale Ventures, which has invested over $300 million in the last two years.

People are crucial to successful investments, Hung said. His own network—ranging from angel investor Howard Morgan to DJ and NFT investor Steve Aoki—informs his funding strategy. He’s also bullish on companies expanding into China.

“If you're not selling to China, you're doing something wrong,” he said. “About 350 million people in China are considered [in] the middle class. That's the size of the U.S. population.”

Investors have to maintain a love for networking in order to keep taking risks and backing more funds, he said.

“It's not just money,” Hung said. “The moment you don't want to go networking, you don't want to go do that, you have to stop.”

Hear the full episode by clicking on the playhead above, and listen to LA Venture on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

dot.LA Editorial Intern Kristin Snyder contributed to this post.

Subscribe to our newsletter to catch every headline.

Cadence

This Week in ‘Raises’: Improvado Hauls $22M, Clearlake Launches $14B Fund

Kristin Snyder

Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

Raises
Image by Joshua Letona

This week in “Raises”: A pair of Web3 platforms for gamers landed funding, as did a Manhattan Beach medical startup looking to bolster primary care via nurse practitioners. Meanwhile, a Santa Monica-based investment firm launched its seventh fund with more than $14 billion in dry powder.

Read more Show less

LA Tech ‘Moves’: New Head of Originals at Snap, New President at FaZe Clan

Kristin Snyder

Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

LA Tech ‘Moves’: New Head of Originals at Snap, New President at FaZe Clan
Photo by James Opas | Modified by Joshua Letona

“Moves”, our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

Read more Show less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending