Co-Chair, The Virginia Entrepreneurship Retreat
Jim Cheng has over 25 years experience as a technology entrepreneur, angel/private capital investor, business leader and a senior state government executive. Jim is currently a member of the venture capital/private equity firms of New Richmond Ventures and Blue Heron Capital; and is of counsel to the firm of Lee & Hayes PLLC. He is an Executive Lecturer of entrepreneurship at the University of Virginia School of Engineering and School of Law.
From 2010 to 2014, Jim was the Secretary of Commerce and Trade for the Commonwealth of Virginia. Serving as a senior member of the Governor’s cabinet, he was the highest ranking Asian-American to serve in Virginia State Government, and of the few Asian-Americans to ever serve in an equivalent role. His portfolio included about 2000 personnel at 13 agencies with portfolios ranging from economic development, housing, employment, export, licensing, tourism, mining and energy. He planned and led over 12 overseas trade delegations, including 4 trips to China. The last trip to China included meeting with President Xi Jing-ping and 5 provincial governors. From 1994-2005 he was founder and CEO of CHM, a government contractor specializing in Information Technology, which he grew from a staff of 5 people to 550 and $90M in revenue at the time of sale in 2005. In 1999 his company was named Virginia Business Magazine’s fastest growing private company in Virginia and the 12th fastest growing private US company by Inc Magazine’s “Inc 500”. In 2001 he was named SE Virginia’s KPMG Entrepreneur of the year.
Jim serves on numerous boards/advisory boards, including Tranlin Inc, the UVA Darden School Foundation, the Sorensen Institute for Political Leadership (UVA), and the Virginia STEAM Academy, among others. Jim holds a BS Degree in Computer Science from Old Dominion University, a MBA from the Colgate Darden Graduate School of Business (UVA) and a JD from Georgetown University Law Center.