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Angel Investor (Individual)
blog.rchen.net

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Investments

24

Portfolio Exits

13

About Richard Chen

Richard Chen is a Oakland, CA, USA-based angel investor who typically invests $25K-$100K in young companies. Chen prefers to invest in companies with at least one technical founder at an early stage looking to solve a worthwhile problem. Chen is a former entrepreneur and aims to provide value to founders on hiring, product development, and marketing. He worked formerly at Google where he served as a Senior Business Product Manager.

Richard Chen Headquarter Location

Oakland, California,

United States

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Latest Richard Chen News

Chef Chen elevates Cantonese cuisine at Red 8

Feb 10, 2021

Share this: February 10, 2021 at 10:34 a.m. Millions of kids spend their summers goofing off, running wild with a pack of friends through the neighborhood. Richard Chen filled his school vacations preparing to be one of the world’s great chefs. “At 12 years old, I started looking over my dad’s shoulder in the kitchen and working with him,” Chen said. “In the summertime, kids are playing or going to camp and I am in a hot kitchen every day making everything from scratch.” The lessons Chen learned helping his parents in the family’s Chicago area restaurant carried him into a groundbreaking career. The chef had been cooking professionally for nearly three decades before he opened Wing Lei in Las Vegas in 2005. Still the only Chinese restaurant in North America to have ever earned a Michelin star, Wing Lei scored the prestigious award in both 2008 and 2009. Richard Chen of Red 8 at Encore Boston Harbor. Now Chen will introduce his “clean Cantonese” revolution to New England. Encore Boston Harbor has recruited him to take over as the executive chef of Red 8, the casino’s spot for Chinese favorites and wildly imaginative dishes. “My goal is to bring the format of Wing Lei to Boston and show locals and all the states around us a great restaurant where people can enjoy the freshest food made the right way,” he said. Chen has plenty of experience with the world of fine dining — he launched his career at the Ritz Carlton in Chicago, where he won award after award. But his results come from a startlingly simple approach. “The bottom line is I keep everything as fresh as I can,” he said. “That means I would rather take seasonal fresh vegetables instead of using canned ones. For example, water chestnuts, I can substitute jicama to get that same level of crunchiness. … I can replace almost everything with Western ingredients to make sure everything is seasonal and fresh.” Another Chen innovation comes from what he calls an “East meets West” view of food. “For example, the use of truffle oil and all these European mushrooms, like morel and chanterelle, work so well (with the Red 8 concept),” he said. “The concept is Cantonese cuisine with classic Chinese and Sichuan influence. But the Western techniques I use elevate the dishes and make them cleaner. You’ll hardly see any grease at the bottom of my plates. Instead they need to be clean, fresh, flavorful. Always.” Chen has been busy with the changes at Red 8 but he says he’s had a few free moments to explore and has been impressed with Boston’s culinary culture. “I’ve been telling the staff over the past three weeks that I’ve been going and trying different places and I’ve just been blown away,” he said. In honor of the Lunar New Year on Friday, Red 8 will offer a whole steamed sea bass. RED 8 STEAMED BASS 2 T. dehydrated black mushrooms, pre-soaked, end trimmed and sliced 1 bunch scallions, cut into 2-inch julienne strips 2 cloves garlic, sliced 2 T. hot oil

Richard Chen Investments

24 Investments

Richard Chen has made 24 investments. Their latest investment was in Virgo Surgical Video Solutions as part of their Unattributed VC on June 6, 2018.

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Richard Chen Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/20/2018

Unattributed VC

Virgo Surgical Video Solutions

$1.49M

Yes

1

6/29/2015

Series D

Onefinestay

$40M

Yes

3

8/28/2014

Seed VC

MakeLeaps

$0.6M

Yes

2

5/22/2014

Series A

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$99M

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10

5/1/2014

Series D

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$99M

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10

Date

6/20/2018

6/29/2015

8/28/2014

5/22/2014

5/1/2014

Round

Unattributed VC

Series D

Seed VC

Series A

Series D

Company

Virgo Surgical Video Solutions

Onefinestay

MakeLeaps

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Amount

$1.49M

$40M

$0.6M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

3

2

10

10

Richard Chen Portfolio Exits

13 Portfolio Exits

Richard Chen has 13 portfolio exits. Their latest portfolio exit was Chewse on July 13, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/13/2020

Acquired

$99M

4

4/12/2019

Acquired

$99M

1

10/29/2018

Acquired

$99M

1

9/21/2018

IPO

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$99M

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10

2/8/2018

Acquired

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$99M

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10

Date

7/13/2020

4/12/2019

10/29/2018

9/21/2018

2/8/2018

Exit

Acquired

Acquired

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

1

1

10

10

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