# David Cheng

> David Cheng is a General Partner at Costanoa Ventures, an early-stage venture capital firm in Palo Alto focused on data, AI infrastructure, cybersecurity, and fintech. With over a decade of investing experience - including nine years at DCM Ventures, where he became the youngest VP in the firm's 30-year history - Cheng has backed breakout companies including EvenUp (now valued at $2B+) and Brigit (acquired for up to $460M). A Forbes 30 Under 30 honoree and Wharton graduate, he is also co-founder of Coreline Ventures and publishes the 'Earned Intuition' newsletter on Substack, sharing lessons from a decade of early-stage investing.

- **Role:** General Partner at Costanoa Ventures
- **Organizations:** Costanoa Ventures, Coreline Ventures, DCM Ventures (former)
- **Nationality:** American
- **Education:** Bachelor's degree (Cum Laude, Dean's List all years), The Wharton School, University of Pennsylvania
- **Known for:** Forbes 30 Under 30 in Venture Capital (2018-2019), Youngest VP in DCM Ventures' 30-year history, promoted at age 26, First investor in EvenUp seed round (2020); company reached $2B+ valuation in 2025

## Career timeline

- **2014** — Graduated from Wharton cum laude; joined DCM Ventures as Associate in Menlo Park
- **2018** — Promoted to VP at DCM at age 26 - youngest VP in firm's 30-year history; named Forbes 30 Under 30 in Venture Capital
- **2020** — Led seed investment in EvenUp (legal AI platform)
- **2021** — Promoted to Principal at DCM
- **2022** — Led founding investment in Weekend Health (telehealth); joined board as Director
- **2023** — Promoted to Partner at DCM; Weekend Health acquired by WW International for $132M
- **2024** — Brigit hits $100M revenue milestone; Brigit acquired by Upbound Group for up to $460M
- **2025** — EvenUp raises $150M Series E at $2B+ valuation; Co-founded Coreline Ventures with Osuke Honda and Kenichiro Hara
- **2026** — Joined Costanoa Ventures as General Partner; launched 'Earned Intuition' newsletter on Substack

## Achievements

- Forbes 30 Under 30 in Venture Capital (2018-2019)
- Youngest VP in DCM Ventures' 30-year history, promoted at age 26
- First investor in EvenUp seed round (2020); company reached $2B+ valuation in 2025
- Seed investor in Brigit; company hit $100M revenue and was acquired for up to $460M (2025)
- Board Director at Weekend Health; company acquired by WW International for $132M (2023)
- Co-founded Coreline Ventures, a US-Japan focused early-stage VC firm
- Publishes 'Earned Intuition' newsletter on Substack covering venture capital investing

## Latest updates

- **2026-05** — Featured in Venture Capital Journal profile 'Getting personal with David Cheng'
- **2026-04** — Officially joined Costanoa Ventures as General Partner
- **2026-03** — Launched 'Earned Intuition' newsletter on Substack
- **2026-01** — Announced co-founding of Coreline Ventures alongside Osuke Honda and Kenichiro Hara
- **2025-10** — Portfolio company EvenUp raised $150M Series E at $2B+ valuation
- **2025-01** — Portfolio company Brigit acquired by Upbound Group for up to $460M

## Links

- Website: https://costanoa.vc
- LinkedIn: http://www.linkedin.com/in/chengdavid923
- Twitter/X: https://twitter.com/Chengdavid923

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Profile page: https://yespress.io/david-cheng
Published by YesPress — https://yespress.io
Last updated: 2026-05-19