Hugo Van Vuuren

Hugo Van Vuuren
Hugo Van Vuuren, May 2015
Born	1984 (age 31–32) Pretoria, South Africa
Residence	Cambridge, Massachusetts New York, New York
Alma mater	Harvard College Harvard Graduate School of Design
Occupation	Entrepreneur, Investor
Years active	2006-present
Board member of	Work-Bench Soldier Design
Website	hugovanvuuren.org

Hugo Van Vuuren (born 1984) is a South African entrepreneur and investor. An expert-in-residence at the Harvard School of Engineering and Applied Sciences, he is the co-founder of the investment firm Xfund and the co-founder of Work-Bench, an early stage enterprise technology venture fund.^[1][2]

Early life and education

Van Vuuren was born in Pretoria, South Africa. While playing competitive rugby he sustained a serious injury that lead to the discovery of a bone tumor, and subsequently underwent an experimental bone marrow transplant. After a long recovery, he focused on academics, and was accepted early admission at Harvard College. In 2003, Van Vuuren began undergraduate studies at Harvard, and graduated with a BA in economics in 2007. He earned a master's degree in design studies from the Harvard Graduate School of Design in 2012.^[3]

While pursuing his postgraduate degree, Van Vuuren was awarded fellowships by the MIT Media Lab, TED and Pop Tech. He was a graduate student fellow at the Berkman Center for Internet & Society at Harvard University from September 2010 through May 2012, and a scholar at the Aspen Institute in 2011.^[4][5]

Career

At Harvard, Van Vuuren worked closely on art and science experiments and startup projects with professor David Edwards, whom he had first encountered in 2007 as student in Edwards' "Idea Translation" class. In 2008, along with several others in the class, Van Vuuren co-developed off-grid microbial fuel cells for use in sub-Saharan Africa. The research and project was funded by private investors, the Harvard Institute for Global Health, MIT IDEAS Global Challenge, as well as a $200,000 Lighting Africa grant from the World Bank and a Bill & Melinda Gates Foundation Challenges Grant.^[6][7][8]

In 2009, Van Vuuren worked with Edwards to establish ArtScience Labs (also known as the Laboratory at Harvard). An interdisciplinary platform for idea experimentation and exhibition in the arts and sciences, it was modeled after Le Laboratoire, an experimental art and design center in Paris. Van Vuuren served as the lab's director from its 2009 launch until 2012.^[6][7]

Based on the growing ecosystem of startups at Harvard, and demonstrated in part by the success of the Lab, the Experiment Fund was founded in January 2012. A seed-stage investment fund co-founded and led by Van Vuuren, it was established specifically to support student start-ups and technologies and platforms created in Cambridge (or by people educated in Cambridge). The Experiment Fund was backed by Breyer Capital, Accel Partners, Polaris Partners, Harvard University, and NEA. Patrick Chung and Harry Weller, both NEA partners, were cofounders of the fund, as were Polaris' Alan Crane, and Jim Breyer of Breyer Capital. Edwards served as an advisor. The company's early investments included Kensho, Philo (formerly Tivli), Zumper, and Rest Devices, among others.^{[1][9][10][11]}

With Thomas Quinlan, the president and chief executive of RR Donnelly & Sons Company and Jonathan Lehr, a veteran of Morgan Stanley, Van Vuuren founded Work-Bench Ventures in early 2012. A New York-based enterprise technology VC fund, Work-Bench has invested in APX Labs, DialPad (formerly Switch), True Office, VTS, X.ai, and vArmour, among others.^[12][13]

In October 2014 Van Vuuren partnered with Chung to found Xfund. Focused on "technically gifted entrepreneurs with a liberal arts mindset," it operated independently from Harvard, Accel, NEA and Polaris. Legally and financially independent of Harvard—the university had no role in the firm’s investment decisions—Xfund’s advisors included a number of Harvard faculty and staff, including dean of engineering and applied sciences Cherry Murray; professors Harry Lewis, Doug Melton, and David Edwards; Innovation Lab head Gordon Jones; student agencies president Ryley Reynolds; and chief digital officer Perry Hewitt. In December 2014, Xfund closed a $100 million fund with participation from institutional and individual investors, including David York from Top Tier Capital, Jim Breyer from Breyer Capital. In May 2016, the New York Times reported that the relationship between Van Vuuren and Chung had "soured," and that Chung, who held a disputed tiebreaker vote, had "pushed out" Van Vuuren.^[14][15][16] Van Vuuren filed a complaint maintaining Chung had secretly amended contracts; the complaint also charged that Chung applied for a restraining order, then retracted it, to keep Van Vuuren from an investors' committee mediating between them.^[17]

Van Vuuren has been an Expert-in-Residence at the John A. Paulson School of Engineering and Applied Sciences since June 2012. In addition to advising students in business, design, and entrepreneurship, he co-hosts Experimental Tea @ Eliot House, an intergenerational gathering of students, faculty, and both aspiring and established entrepreneurs.^[18]

References

External links

• Official site