I'm Ethan Cho.
The Venture Oracle.
I predict winners before others see them.
Then I build to prove it.
The Origin
In 2019, everyone said mobile payments were dead in Korea.
I invested in Toss anyway.
Same year, crypto was “too risky.”
I bet on Dunamu.
Today, both are unicorns.
I didn't get lucky. I saw what others missed.
That's what oracles do.
The Journey
Qualcomm Ventures
Global VC, Semiconductors
Product, Global Scale
Samsung Electronics
Innovation, Korea Market
KB Investment
Korea VC
FastVentures
Partner
TheVentures
CIO + Building 15 Ventures
Education: Columbia Business School (MBA)
Four Principles
How I invest and build
1. Operators > Analysts
Real investors build. I'm running 15 startups while investing.
2. Contrarian > Consensus
If everyone agrees, you're too late. I look where others don't.
3. Data > Intuition (but both matter)
Numbers tell stories. I listen.
4. Global ↔ Korea
The future is built at intersections. I live there.
The Four Lenses
How I see opportunities
Finance & Accounting Lens
Follow the money. Unit economics don't lie. I look at cash flow, margins, and what numbers reveal about business models.
Global Lens
What works in Silicon Valley? What works in Seoul? Where's the arbitrage? 20 years bridging both markets gives me pattern recognition others lack.
Big Tech Lens
Google/Samsung taught me what scales. And what doesn't. I know the difference between real innovation and innovation theater.
Venture Lens
LP economics, founder psychology, market timing. Every investment uses at least two of these lenses.
“Every investment decision uses at least two lenses.
The best opportunities light up all four.”
Let's Talk
Founders: Building something contrarian? I'm listening.
LPs: Interested in Korea tech? Let's discuss.
Media: Need an expert on Korea VC/tech? I'm available.