Babson Magazine

Summer 2017

News, Notes + Nods

Undergraduate

Tim Chae was profiled in a Feb. 16 Ozy article, “The 25-Year-Old VC Powering Korea’s Tech Boom.” Tim works for 500 Startups, the story reports, and heads its South Korea fund, called 500 Kimchi. Tim left Babson early to pursue his startup, PostRocket, backed by 500 Startups. Later, the venture firm offered him a position as entrepreneur in residence, which eventually led to a partnership in 500 Startups and the February 2015 launch of 500 Kimchi. The Seoul-based $15 million fund has invested in 22 Korean companies and five American startups to date.