Raymond Chang

Raymond is a serial entrepreneur with multiple successful exits. From 2017-2019, he was a Lecturer in the Practice of Entrepreneurship at the Yale School of Management, and an Adjunct Professor in Entrepreneurship at Babson College. Raymond founded GigaMedia, the first broadband internet company in Asia. In 1999, GigaMedia received US$35mm strategic investment from Microsoft, and in 2000, the Company went public on NASDAQ and raised US$280mm, one of the largest IPOs for Internet company prior to 2000. In 2007, Raymond founded Luckypai, a leading TV shopping company in China and raised venture financing from Lightspeed Venture Partners, DT Capital, Intel, Lehman Brothers, and Goldman Sachs. In 2010, Luckypai was sold to Lotte Home Shopping for US$160mm. From 2012-2013, Raymond served as the CEO of New Focus Auto, the largest automobile after-sales service company dual-listed on Hong Kong & Taiwan exchanges, (US$1 Billion in market cap). In 2013, Raymond completed a US$160mm investment from CDH Capital, a leading Chinese private equity fund. He founded Agrify in 2019 and took the company public on Nasdaq and sold his controlling stake to GTI in November 2024. In 2000, Raymond was selected by FORTUNE as one of the twenty-five Next Generation Global Leaders Under 40, (5/2001), and by BUSINESS WEEK Asia as one of Asia’s 20 most influential new economy leaders in the 21st century, (7/2000). He was also featured as a panel speaker at World Economic Forum in Zurich, Switzerland in 2005. Raymond also participates in various social, charity, educational, and Christian faith organizations. He Co-founded Shanghai West International Fellowship, was the Former Treasurer/Elected Board Member of Shanghai American School, and a member of Young President’s Organization-Shanghai. He was a member of Launchpad Venture Group, Hub Angels, CEVG, and a mentor at Techstars Boston. He also served on the Board of The Skating Club of Boston. Raymond received his BA from NYU, MBA from Yale, and MPA from Harvard JFK School of Government.