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Andrew Chung, founder of 1955 Capital, in his advice to startups, provides a perspective into different ways startups can adapt to the coronavirus pandemic. The investment firm held a virtual portfolio meeting with several company CEOs to discuss how businesses are dealing with the COVID-19 challenge. This health crisis has thrown many businesses into jeopardy, forcing them to change their approach to operations. For example, the reduction in travel due to lockdown restrictions means more employees have to work from home. As a result, startups may be facing an unprecedented moment to start and achieve revenue growth.

One of the essential ways to adapt during this period is to strengthen team dynamics and achieve a consensus. This management approach is more important than ever for adapting to post-COVID times. Teams need to stick together during the crisis and motivate employees to be productive. Some startups have remote workers whose morale and productivity will be improved by a team-oriented focus. …


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Andrew Chung, the founder and managing partner of the venture capital firm, 1955 Capital, has one of the strongest track records as a proponent of green businesses. In particular, Chung’s focus has long centered around the renewable energy and sustainable food and agriculture sectors. Over the past 15 years, Chung has invested in a number of these climate tech industries and supported entrepreneurs behind the green tech revolution.

Recently, Chung made a special appearance on the Greenbiz.com-hosted webcast “This Is Climate Tech”. He was joined on the webcast by GreenBiz Editorial Director Heather Clancy and two more guests: Andrew Beebe, a former green tech entrepreneur who now operates as the Managing Director of Obvious Ventures, and Nancy Pfund, a founder of DBL Partners. …


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The lectures will look at issues such as how companies can survive the market downturn, how foreign students can protect themselves in the epidemic situation, how to prevent and treat the new virus, the problems your company encounters when applying for PPP loans, how your company may be affected as the tax rate continues to rise, and the tax issues of new and old immigrants studying abroad, gifts and cash.

“Having lived in Greater China and advised companies during the 2002–04 SARS outbreak, I know firsthand how a pandemic can dramatically slow businesses down and force a rethinking of their strategies. But I have also seen companies prepare themselves well and come out of a crisis stronger than before,” said Chung. “By managing through the situation with prudence and calm, our hope is that companies will invent ways to emerge on the other side of this in an advantaged position relative to their competitors and be ahead of the curve when the market turns.” …


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Due to the coronavirus pandemic, there has been a drop in startups which has reduced employment opportunities across a variety of industries. Many businesses have been forced into budget cuts and employee furloughs because of the harsh economic times. After a virtual portfolio meeting with several company CEOs to discuss COVID-19 challenges, Andrew Chung, founder of 1955 Capital, provided the following takeaways for how startups can adapt to this new reality.

Runway Planning

Businesses will be forced to make tough decisions regarding budgeting during this time. The success of any startup relies on how well leaders steer their businesses toward success. …


A massive shift has been happening in the world of investment regarding CleanTech, with several investors realizing the importance and potential of such companies. This has particularly been the case with ”climate tech”- a term used for companies that specialize in technologies designed to address climate change. This includes those working on renewable energy, infrastructure innovations, carbon reduction, and other climate-focused technology.

On May 28, 2020, entrepreneur and venture capitalist Andrew Chung had the opportunity to share his views on climate tech during a webcast, “This Is Climate Tech,” hosted by Greenbiz. While at investment firm Khosla Ventures, Chung launched several CleanTech companies aimed at combating climate change and developing and implementing technologies that promote cleaner fuel, sustainable food products, and greener agriculture. He went on to found his investment firm 1955 Capital to help cultivate technologies that can be implemented in developing countries to solve their most critical challenges. The firm focuses on a diverse set of industries that include sustainable energy, emerging tech, education, health, manufacturing, and food. …


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On May 28, 2020, GreenBiz hosted a webcast, “This is Climate Tech,” to discuss several timely topics related to the emerging industry. Climate tech is a rapidly growing industry that offers innovative products and services created to combat the negative effects of climate change. It differs from “cleantech” (a term that’s been around since the early 2000s) because it focuses on solutions to climate change issues and empowering corporations, governments, and individuals to make a positive impact on the climate. Such solutions include geoengineering, alternate energy, cleaner water, solar radiation management, afforestation, and more.

The topics covered in the webcast included the impact of COVID-19 on climate tech, the investing landscape of climate tech companies, and what climate tech entrepreneurs need to do to succeed. The three panelists featured on the webcast are long-time venture capitalists with extensive experience and knowledge of the industry: Nancy Pfund, founder of DBL Partners; Andrew Beebe, managing director of Obvious Ventures; and Andrew Chung, founder and managing partner of 1955 Capital. …


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Recently, the 1955 Capital team organized a virtual portfolio company roundtable with 11 CEO’s discussing the current challenges in the COVID-19 environment, the need for strong leadership in this unprecedented crisis, and response strategies that they have undertaken.

Here are some of the many thoughtful perspectives that were shared in the course of the discussion:

1. Investor sentiment in the current environment will be severely restrained, so it will be critical to rethink approaches to fundraising.

Fundraising will be challenging during this time, especially when targeting investors with large portfolios, who will be spending much more time focusing on existing companies instead of pursuing new deals. …


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Andrew Chung is the founder and managing partner of 1955 Capital, a venture capital firm founded in 2017 to invest in and help promote companies that address the developing world’s most pressing challenges, especially as they relate to energy, healthcare, food, agriculture, education and sustainable manufacturing. Chung has more than 15 years of experience in investing, including stints at Khosla Ventures and Lightspeed. He has served on a White House roundtable on advanced manufacturing and has advised global leaders on energy policy. Chung has served on the board of or advised more than 20 companies.

Andrew Chung is also an accomplished singer and musician. Before pursuing a business career, he was a finalist on the “Hong Kong Idol” competition and turned down a recording contract with the top label in Asia. Chung is a graduate of Harvard University and the University of Pennsylvania’s Wharton School of Business. He lives in northern California with his wife, Coral, a fashion designer and CEO of Senreve, and his daughter. …


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The COVID-19 pandemic is affecting many businesses in ways we could not have imagined even just a few weeks ago. Even with most states partially or fully reopened, shelter-in-place laws have slowed our economy, due to the shuttering of retail stores, restaurants, startups, and other businesses.

In some cases, these businesses have already failed or are on thin ice and unsure whether they can survive this extreme downturn. Andrew Chung has been here before.

For more than 20 years, Chung has been an entrepreneur and investor. In 2016 he announced the launch of 1955 Capital for the purpose of, as he puts it, “investing in transformative companies that can solve the most pressing issues in the developing world.” …


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In the world of climate technology, there is a broad range of emerging innovations that are of great interest to venture capitalists. Climate change is an ongoing crisis, and amid , interest in developing technologies to combat its effects has grown since recent economic disruptions have highlighted the systemic shortcomings of our current economy. Alternative protein sources, industrial decarbonization, alternative fuels, net-zero construction, precision agriculture, carbon capture solutions-all these innovations have proven to be worthwhile investments because they help create a more sustainable and fair global economy.

Andrew Chung of 1955 Capital will take part in the “This is Climate Tech” panel which will also feature Andrew Beebe, managing director of Obvious Ventures, and Nancy Pfund, founder of DBL Partners. Topics for the webcast include areas of climate tech that venture capitalists are actively cultivating and why, the characteristics each seek in a climate-focused entrepreneur, and how the economic downturn brought on by the coronavirus pandemic could change funding in 2020. …

About

Andrew Chung

Founder of 1955 Capital, Inventing a New Global Future | ClimateTech Venture Capitalist based in San Francisco, CA | Learn More: https://andrewchung.com/

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