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Shiyan Koh

Shiyan Koh is a Singapore-based venture capitalist and co-founder and General Partner of the early-stage investment firm Hustle Fund.

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Key facts

Early Life: Moving to the United States for Stanford University

Koh is from Singapore. In 2018, she recalled that she had first arrived in the United States about 18 years earlier to start university at Stanford and never imagined she would stay so long; she met Elizabeth Yin and Eric BahnEric BahnEric Bahn is a venture capitalist, co-founder and General Partner of the pre-seed investment firm Hustle Fund, and one of the co-creators of the angel investor community Angel Squad.Open the full entry in the dorms at Stanford University, and more than twenty years later the three ran Hustle Fund together.⁠[1][1][2]

Earlier in her career she worked at JPMorgan and was an investment professional at Bridgewater Associates and Institutional Venture Partners (IVP).⁠[3][4]

Leaving NerdWallet and Returning to Singapore

Koh spent nearly six years at the personal finance company NerdWallet, where she was last VP of business operations and corporate development; she described it as a rare chance to build a business from scratch with friends. At the end of March 2018, she left NerdWallet and moved back to Singapore. Over the following five months, she traveled to Singapore, Indonesia, Vietnam, and Myanmar to meet local entrepreneurs and investors while choosing between joining a company, starting a business, and raising a fund; after more than 100 conversations, she decided to join her old friends Elizabeth Yin and Eric Bahn at their new pre-seed fund, Hustle Fund.⁠[1][4][5][1][1][1]

That same year, she started a dinner group for women in tech in Singapore: she invited two women to dinner and asked each to bring a friend, and the group has since met monthly, rotating among members’ homes, growing only by word of mouth without public promotion. By 2026, the group had grown from its original 6 members to 55, about a third of them investors and a third operators, along with a core of founders and a few people in government; a former member who moved to Dubai started a similar group there.⁠[6][6][6][6][6][6]

Joining Hustle Fund

On September 11, 2018, Koh wrote about why she joined Hustle Fund: the chance to build an asset management business with two friends she trusts and respects, invest in Southeast Asia, a region she is extremely bullish on, and work with people trying to build big, sustainable businesses. She saw Southeast Asia, with its young population, growing middle class, and annual GDP growth in excess of 5%, as a good market for starting and growing businesses; she said the three partners wanted to build an investment firm giving all entrepreneurs, regardless of resources or location, a shot at funding and coaching.⁠[5][5][5][5]

In September 2018, Hustle Fund closed its first fund at $11.5 million; Koh joined its team of general partners, based in Singapore to expand the firm’s reach in Southeast Asia. According to an SEC filing from October 2017, the fund had originally hoped to raise $50 million; Koh said the team was confident it could prove its investing hypothesis with $11.5 million, “This has allowed us to get to the business of backing founders faster,” and said the team wanted to be in the business for decades, so the first fund was just the beginning.⁠[4][4][4][4][4]

A Southeast Asia Tech Podcast with Jeremy Au

Jeremy Au invited Koh to co-host a weekly podcast discussing Southeast Asia tech news. She was initially apprehensive about sharing her views in public but saw it as a way to challenge herself; in 2023 the two recorded 39 episodes together, covering topics including big raises, shutdowns, market and customer selection, and down rounds. She found that the audience included not only founders but also investors, lawyers, and service providers.⁠[7][7][7][7][7]

On How to Evaluate Funds

On August 7, 2024, Hustle Fund published an article written by Koh as Managing Partner describing, from a limited partner’s perspective, what Hustle Fund looks for when evaluating other funds: whether a fund has a distinctive edge in sourcing, winning deals, or post-investment support; how the general partners divide work and complement each other; whether economics and incentives are fair and help junior staff grow and enable succession; and portfolio construction, valuation discipline, exit strategy, and whether the managers can candidly discuss missed opportunities. She said that Hustle Fund finds solo GP funds harder to back unless they are very small.⁠[8][8][8][8][8][8][8]

Civic and Board Roles

As of October 2026, Koh serves on the boards of the Stanford Club of Singapore, Stanford Rugby, and Q Chamber, and co-created Angel Squad, a community for small-check angel investors, with Elizabeth Yin, Eric Bahn, and Brian Nichols.⁠[3][2][2]

Related Organizations, Websites, and Public Accounts

Sources

  1. What I've been doing since leaving NerdWallet (opens in a new window)
  2. Angel Squad Story | Hustle Fund (opens in a new window)
  3. About | The Culdesac (opens in a new window)
  4. Hustle Fund, founded by two ex-500 Startups partners, closes $11.5 million fund (opens in a new window)
  5. Why I decided to join Hustle Fund (opens in a new window)
  6. The dinner group, eight years in (opens in a new window)
  7. A year of podcasting (opens in a new window)
  8. What makes a fund stand out? Shiyan Koh breaks it down (opens in a new window)
  9. Meet the Team (opens in a new window)
  10. Not your average VC team. | Hustle Fund (opens in a new window)