Founders, Foreign Markets, and Going Global from Korea with The Ventures' Ethan Cho
with Ethan Cho — CIO, TheVentures
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Listen on Apple PodcastsAbout This Episode
TheVentures gets up to 3,000 pitches a year and reads them with an AI agent named Vicky before a human ever steps in. Ethan Cho, their CIO, explains what survives the filter — and why he'd rather hear a grammatically broken sentence from your own mouth than a flawless one written by AI.
In this episode, we sit down with Ethan Cho — CIO of The Ventures, one of Korea's earliest accelerators-turned-VCs — on building an AI-native fund, why “good companies” beat “good stocks,” and the brutal, practical signals he uses to separate real founders from tourists.
Highlights
- The open-door policy that pulls in 40 applications a week — and how Vicky, their in-house AI agent, became the “first line of defense”
- Why a perfect, AI-polished deck can hurt you: how seasoned investors “disarm you from that clean sentence” in the Q&A
- The 3-question framework behind every check: “Why this? Why now? Why you?”
- Why he gives unfilled military service a “yellow flag” — and why it's “too easy of a reason to say no”
- The one thing AI can never mass-produce — and why it should shape what students build next
About Ethan Cho

Ethan Cho
CIO, TheVentures
Ethan Cho (조여준, also known online as @echo12yj / "애당초") is Chief Investment Officer and Partner at TheVentures, an early-stage Korean venture capital firm. He is an AI-native VC focused on early-stage investing and on helping Korean startups expand globally (Korea-to-global).
LinkedInTimestamps
00:00 — Cold open
00:48 — Meet Ethan & The Ventures
01:15 — What excites him about VC
03:20 — Good companies vs. good stocks
05:15 — Founder intelligence & living abroad
07:37 — Why he joined The Ventures
10:39 — 3,000 applications & Viki the AI agent
14:32 — The “Korean-only” myth & the 20-min Q&A
18:31 — Defining Korea: from Hyundai to Chipotle
20:49 — Southeast Asia vs. the US
24:50 — The silver economy & the B2G bet
33:38 — Raising in Korea: IPO exits & government money
37:40 — Raising your first fund: thesis & attention
40:37 — The thesis & spotting real founders
44:17 — “Ideological fraud” & AI-written pitches
49:30 — Military service, diplomas & solo founders
52:54 — Co-founders will fight — pick wisely
54:37 — Pitch mistakes & the art of saying no
1:00:46 — Exits, secondaries & geopolitics
1:05:56 — Closing advice: what AI can never copy
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