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Patrick Eggen
Founding General Partner

Previously Patrick was the Managing Director of Qualcomm Ventures North America where he led all U.S. investments (~$500M AUM).  He scaled the U.S. fund to 80+ investments across all stages and sectors. He also elevated the group to think with the mindset of a financial VC based on pure financial returns, domain expertise and activist investor role (leading rounds and taking board seats). He drove key thought leadership around all current core investment themes ranging from hardware, software, adjacent verticals and frontier tech. Based on last 13 years of direct venture investment experience, personally involved in 100+ transactions and 30+ exits. Patrick opened and led Qualcomm Ventures’ SF Bay Area practice. Additionally he founded Qualcomm’s Global Early Stage Fund, focused on Seed and Series A opportunities.

This Early-Stage Fund was the first of its kind in any Corporate Venture Capital organization. Under his leadership, he scaled the Fund to 70+ investments, which include big wins such as Zoom (NASDAQ:ZM), Matterport (NASDAQ:MTTR), Noom, Cruise Automation (acquired by GM) and 99 (acquired by Didi). Patrick led the Zoom investment which was the largest absolute return in QCV history. He actively sourced or served as a Board Member/Observer for QCV investments in Clarifai, Cloudflare, Matterport, Noom, OpenSignal, Particle, Plivo, Sense360, Sparta Science, and Swift Nav. Additionally he worked very closely and co-sponsored Ring (acquired by AMZN) and Waze (acquired by GOOG). Prior investments (exits) include Aicent, Avaak (acquired by NTGR), Divide (acquired by GOOG), Clicker (acquired by CBS), Magisto (acquired by IAC), Starmaker, Tempo.AI(acquired by CRM), ThinkNear (acquired by TNAV) and Viewdle (acquired by GOOG).

Prior to joining Qualcomm Ventures, Patrick worked for Citigroup Investment Banking unit in their Chicago, London and Hong Kong offices. Patrick has an M.B.A. from the Kellogg Graduate School of Management and a B.A. from Northwestern University.

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