
Tim Chang leaves Norwest for Mayfield
Mayfield Fund has recruited Norwest Venture Partners’ Tim Chang as managing director. He will become the private equity firm’s sixth current investing managing director and take charge of the investment practice in China.
Chang, 38, joined Norwest in 2006 and focused on investments in mobile, gaming and digital media while also leading the firm's investment practice in China. His investments included ngmoco and Playdom, which were subsequently acquired by DeNA and Disney, respectively. He was named in the 2011 Forbes Midas list of top 100 dealmakers.
Prior to entering the private equity industry, Chang spent more than five years working in Japan as a product manager at Gateway and as a development engineer for General Motors, where he led project teams in China, Korea, and Japan. He currently serves on the advisory boards of the Verizon 4G Venture Forum, GameStop Corporation, Yoshimoto Kogyo, the Silicon Valley Telecom Council, MIT/Stanford VLAB, CasualConnect, and GamesBeat/MobileBeat.
"Tim exemplifies our goal of adding world-class investors with strong leadership qualities to our core investment team," said Navin Chaddha, Mayfield Fund managing director. "I have worked closely with Tim in the past, and we are excited to welcome a proven, energetic and global investor like him."
Mayfield has $2.7 billion in assets under management and primarily invests in early-stage companies in the enterprise, consumer, energy and TMT sectors. In China it partners with GSR Ventures.
In April, Mayfield and GSR participated in the Series B round of financing for Chinese LED-focused tech firm ShineOn Holding. The two VC firms were also among the backers of online travel booking site Qunar, which in July sold a majority stake to internet search giant Baidu for $306 million.
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