Dispersion is a manager-led venture firm supported by a global network of engineers, researchers, founders, operators, and enterprise leaders.
We combine technical depth with experience in company formation, enterprise adoption, and infrastructure investing across multiple computing cycles. Our work spans AI, distributed systems, cryptography, blockchain, edge computing, open-source software, and enterprise infrastructure.

Patrick Chang
Founder and Managing Partner, Dispersion Capital
Patrick Chang is the Founder and Managing Partner of Dispersion Capital, an early-stage venture firm investing in infrastructure for decentralized intelligence.
Across approximately two decades in technology finance and venture capital, Patrick has invested in infrastructure companies at the point where technical necessity was visible before the commercial category was established. Representative investments include Alchemy, Dapper Labs, Forte, Blockstack, Branch, Volterra, CAST AI, Kite AI, Sahara AI, 0G, and Primus.
Before founding Dispersion Capital in 2022, Patrick invested at Samsung NEXT, Cota Capital, Investor Growth Capital, Bain Capital Ventures, and Foundation Capital. He began his career in technology investment banking and M&A at Bank of America Merrill Lynch and Lehman Brothers.
Patrick’s work sits at the intersection of technical architecture, enterprise adoption, and early-stage category formation. He has developed and invested behind theses across blockchain, edge computing, open-source infrastructure, and AI since 2014.

Raymond Liao
Advisor
Samsung Next Ventures Founding Managing Director

Matt Cheng
Venture Partner, Investor, and Advisor
Founder and Managing Parter Cherubic Ventures

Dr. Hossein Moiin
Advisor to DePIN, DeWi, and TIPIN
Former CTO of Nokia

Pierre Arys
Venture Partner
Partner at Cherubic Ventures

Cullen Jennings
Advisor
Senior Tech Fellow and CTO at Cisco. Focus on Edge, Comm, OSS

Paul Brody
Advisor
EY Global Blockchain Leader

Roham Gharegozlou
Advisor
CEO, Co-founder Dapper Labs, FLOW, Axiom Zen

Mikhael (Mik) Naayem
Advisor
President, Co-Founder Dapper Labs, Flow

David Eun
Advisor
Former President and Chief Innovation Officer of Samsung

Kary Bheemaiah
Advisor
Vice President Chief Technology & Innovation Officer (CTIO) of Capgemini Invent I Co-Lead of Capgemini Metaverse Lab