# Andrew Chen: angel investments and portfolio > Andrew Chen is an angel based in United States. 6 investments on record, latest Nov 2016. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/andrew-chen (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Andrew Chen Last cheque observed Nov 2016. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet Angel Series A Series B Cheques on record **0%** of best year **0** **cheques in 12 months**, 6 on record Since the last cheque **3637** days **00** hrs **00** min **00** sec Median round **$90M** Rounds led **0 of 6** Exits **2 from the portfolio** Mostly in **United States, 100%** Pitch Andrew Chen ## Andrew Chen highlights - 01 6 rounds on record - 02 Mostly Seed and Series A: 100% of its rounds - 03 2 exits from the portfolio ## What they do - **Type:** Angel (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Series A Series B - **Based in:** United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **6 appearances** - **2016** 1 round - **Nov** **[Gusto](https://millionrounds.com/company/gusto)** **$90M** With 103 others - **2015** 1 round - **Jun** **[Connectifier](https://millionrounds.com/company/connectifier)** Series A · US **$4.1M** With 7 others - **2014** 2 rounds - **Dec** **[Splitwise](https://millionrounds.com/company/splitwise)** Seed · US **$1.4M** With 7 others - **Sept** **[sendwithus](https://millionrounds.com/company/sendwithus)** Seed · US **$2.3M** With 9 others - **2012** 1 round - **Aug** **[LaunchBit](https://millionrounds.com/company/launchbit)** Seed · US · techcrunch.com **$960K** With 9 others - **2010** 1 round - **Jan** **[Cardpool](https://millionrounds.com/company/cardpool)** Seed · US **Undisclosed** With 19 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## Exits from the portfolio Companies it backed that were later bought or listed **2 in all** **[LaunchBit](https://millionrounds.com/company/launchbit)** Bought by BuySellAds **Undisclosed** Sept 2014 **[Cardpool](https://millionrounds.com/company/cardpool)** Bought by [BlackHawk Network](https://millionrounds.com/fund/blackhawk-network) **Undisclosed** Oct 2011 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Series A Series B Median round joined **$90M** the round, not its cheque Led 0 of 6 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Nov 2016 - **Exits:** 2 from the portfolio Rounds by stage said on their site - Seed *4* - Series A said *1* - Series B said *-* Cheques by year Led Joined 2010 2016 Often in the room with - [Paul Buchheit](https://millionrounds.com/fund/paul-buchheit) 3 - [Alexis Ohanian](https://millionrounds.com/fund/alexis-ohanian) 2 - [Great Oaks Venture Capital](https://millionrounds.com/fund/great-oaks-venture-capital) 2 - [James Hong](https://millionrounds.com/fund/james-hong) 2 - [Marc Bell Capital](https://millionrounds.com/fund/marc-bell-capital) 2 - [Max Levchin](https://millionrounds.com/fund/max-levchin) 2 **Pitching Andrew Chen?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Andrew Chen. A count of rooms they were both in, not a relationship either has claimed. [**Paul Buchheit** Angel **3** rounds together](https://millionrounds.com/fund/paul-buchheit)[**Alexis Ohanian** Angel **2** rounds together](https://millionrounds.com/fund/alexis-ohanian)[**Great Oaks Venture Capital** VC firm **2** rounds together](https://millionrounds.com/fund/great-oaks-venture-capital)[**James Hong** Angel **2** rounds together](https://millionrounds.com/fund/james-hong)[**Marc Bell Capital** Family office **2** rounds together](https://millionrounds.com/fund/marc-bell-capital)[**Max Levchin** VC firm **2** rounds together](https://millionrounds.com/fund/max-levchin)[**SV Angel** VC firm **2** rounds together](https://millionrounds.com/fund/sv-angel)[**Scott Banister** Angel **2** rounds together](https://millionrounds.com/fund/scott-banister) ## Recently backed The latest companies Andrew Chen put money into. [**Gusto** $90M · Nov 2016](https://millionrounds.com/company/gusto) ## Books by the people here One book written by people at Andrew Chen. - The Cold Start Problem Andrew Chen · 2021 On 21 reading lists at Open Library On AmazonListen on AudibleOn Open Library - Find the books for what you are building, or how you invest. [Open the Reading List](https://millionrounds.com/reading-list) As an Amazon Associate we earn from qualifying purchases. ## On podcasts 6 episodes naming Andrew Chen in the title, and 4 more that mention it. - [The a16z Show](https://millionrounds.com/podcasts/a16z) 11 Sept 2026 · 38 min What It Takes to Build a Startup | Andrew Chen & Matt Perault Mentions [Andrew Chen](https://millionrounds.com/fund/andrew-chen) Apple PodcastsShow page - [The a16z Show](https://millionrounds.com/podcasts/a16z) 17 Apr 2024 · 41 min Game On: Marc Andreessen & Andrew Chen Talk Creative Computers Mentions [Andrew Chen](https://millionrounds.com/fund/andrew-chen)[Marc Andreessen](https://millionrounds.com/fund/marc-andreessen) Apple PodcastsShow page - [Upfront Ventures](https://millionrounds.com/podcasts/upfront-ventures) 21 Mar 2022 · 23 min Andrew Chen on What Startups Need to Know About the Cold Start Problem | Upfront Summit 2022 Mentions [Andrew Chen](https://millionrounds.com/fund/andrew-chen) Apple PodcastsShow page - [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 21 Dec 2021 · 36 min How To Solve The Cold Start Problem with Andrew Chen Mentions [Andrew Chen](https://millionrounds.com/fund/andrew-chen)[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) Apple PodcastsShow page - [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 11 Dec 2021 · 27 min Andrew Chen on Cold Starts, Substack and What’s Next for Clubhouse Mentions [Andrew Chen](https://millionrounds.com/fund/andrew-chen)[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) Apple Podcasts - [Greymatter](https://millionrounds.com/podcasts/greymatter) 31 Jan 2018 · 1h 37m Getting Smart About Growth with Casey Winters & Uber's Andrew Chen | Greymatter With [Casey Winters](https://millionrounds.com/person/casey-winters) Mentions [Andrew Chen](https://millionrounds.com/fund/andrew-chen) Apple PodcastsShow page ### Mentioned in - [The a16z Show](https://millionrounds.com/podcasts/a16z) 24 Oct 2026 · 42 min What It Takes to Win as a Founder | Ben Horowitz Apple PodcastsShow page - [The a16z Show](https://millionrounds.com/podcasts/a16z) 2 Sept 2025 · 46 min Chris Best of Substack on the Future of Media Apple PodcastsShow page - [Sourcery](https://millionrounds.com/podcasts/sourcery) 18 Aug 2025 · 53 min How to Build a $100M+ Cult Brand: Sophia Amoruso on Nasty Gal, Girlboss & Trust Fund Apple PodcastsShow page - [The a16z Show](https://millionrounds.com/podcasts/a16z) 9 Jan 2025 · 37 min Building Substack: Reinventing Culture through Subscriptions Apple PodcastsShow page ## Quick answers about Andrew Chen ### What does Andrew Chen invest in? Andrew Chen invests most often at Seed and Series A (100% of the rounds on record). ### How active is Andrew Chen? 6 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2016. ### What has Andrew Chen invested in recently? Its most recent investments on record: Gusto (Nov 2016). ### How big are Andrew Chen's cheques? The median round it joins is $90M. ### Does Andrew Chen lead rounds? Rarely, if at all: none of its 6 investments on record names it as the lead. ### Where does Andrew Chen invest? Most of the companies it backs are in the United States (100%). ### Is Andrew Chen investing now? No investments in the last 12 months; the latest was in Nov 2016. ### Who does Andrew Chen invest alongside? Most often Paul Buchheit (3 rounds together), Alexis Ohanian (2 rounds together) and Great Oaks Venture Capital (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. 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