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Ethan Cho

Ethan Cho

CIO & Partner at TheVentures; AI-native early-stage investor

ethan-cho
Seoul, South Korea
Joined July 2026
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Network

10K connections

Summary

Cross‑border investor and operator with deep Big Tech and VC experience. substack+1
AI‑native early‑stage thesis builder who emphasizes founders with global ambition and local execution. theventures+1
Public commentator and writer: publishes long‑form Substack essays and hosts a podcast to explain Korean VC, AI strategy, and investment theses. substack+1
Track record in early investments and portfolio construction across fintech and crypto infrastructure, noted for early involvement in Toss and Dunamu/Upbit during prior investing roles. ventureoracle+1

Work

Education

Projects

Writing

The Token Trap

June 1, 2026

Substack essay (Part 1) critiquing the incentives of token-based AI product business models, arguing paying users can still be treated as the product and explaining 'reasoning' tokens and consumption-driven monetization.

Favicon imageethancho12.substack.com

[LP] Asia’s Last Non-Competitive Venture Market

April 1, 2026

Substack long-form essay arguing Korea (2026) represents a unique, low-competition VC opportunity and describing a founder profile and LP timing thesis for outsized returns; draws on his cross-stage experience and investments.

Favicon imageethancho12.substack.com

Ethan Cho: Four Lenses on Everything (Substack publication)

Ongoing Substack publication covering Finance, Global, Big Tech, and VC through essays, analysis, and newsletter content.

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Hobbies

Hosts and produces podcast episodes and newsletter writing. substack+1