Alison Cheung

General Partner, MAGIC Fund
Alison Cheung is a general partner focused exclusively on women's health, combining product marketing experience from Oura with network-building and programming for underrepresented founders via Women 2.0.
How to contact Alison Cheung
Stages their fund invests in
N/A
Sectors their fund invests in
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Avg Check
$50K - $5M
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Does their fund Lead?
No
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Geos their fund invests in
USA, Africa, LatAm, Asia-Pacific
Alison Cheung
Stages their fund invests in
N/A
Sectors their fund invests in
Fintech
SaaS
Health
Enterprise
AI
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Avg Check
$50K - $5M
N/A
Leads?
No
N/A
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About Alison Cheung

Alison Cheung serves as General Partner (Women's Health) at MAGIC Fund, where she has a formal mandate to invest specifically in women's health companies rather than including them as part of a general portfolio. She combines her venture investing role with product marketing experience at health-tech company Oura and has been an active contributor at Women 2.0, building networks and programming focused on supporting underrepresented founders.

Alison Cheung's Interests

What they've been talking about across their social media accounts
  • Strong advocacy for female founders and underrepresented groups in tech. She frequently highlights and celebrates women-led startups, often collaborating with organizations like Women 2.0 or expressing enthusiasm for diversity-focused funds like Backstage Capital and Forerunner VC.
  • Active engagement with the Y Combinator ecosystem, specifically regarding Demo Days. She attends these events regularly to scout and write about promising startups, with a particular habit of curating lists of the top female-founded companies emerging from each batch.
  • Interest in deep tech, healthcare, and artificial intelligence that solves human problems. Her curiosity spans niche innovations such as male birth control pills, search engines for doctors, and affective computing, which involves machines that can understand and simulate human emotions.
  • Value placed on resilience, grit, and community-oriented mindsets. She shares content related to personal growth and perseverance, such as Angela Duckworth's work on grit or definitions of patriotism that center on cultivating the health of one's local community rather than conflict.
  • Leverage of content creation to amplify portfolio companies and founders. She acts as a storyteller for the ecosystem, writing articles and blog posts to give visibility to entrepreneurs, meaning she may appreciate founders who can offer a compelling narrative she can share with her audience.

About their Fund

Sectors
Fintech, SaaS, Health, Enterprise, AI
Rounds
Seed - Series A
Avg Check Size
$50K - $5M

MAGIC Fund operates as a "fund of micro-funds" run by repeat founders, with 10-12+ founder-GPs distributed across regions like Africa, LatAm, US, Europe, and Asia, rather than using a single centralized partnership structure. They built this model on the thesis that "smaller funds run by founders perform best" at pre-seed/seed stage, deliberately keeping check sizes small and empowering many founder-GPs instead of growing into a traditional large VC platform.

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