Lu Zhang

I had no money when I started the company.

Yes, yes.

Hi, Nathan.

Hi, everyone.

Yeah, lots of my friends kind of joke about, okay, now you went to dark side, start to do investing.

especially when I first launched my fund back in 2015.

But my feeling is when I was an entrepreneur and as you said, an operator, I found it's not easy for a technical founder and also especially founder with strong background in the healthcare or technology to fundraise.

It's because they want to fund the investor to better understand the technology and also understand the life cycle

of the startup companies.

So I kind of feel my background could be a good fit to really help the founder at the earlier stage and become their buddy in the dark side and help them to grow the company in the long term.

Yeah.

So, actually, my fund was a little bit smaller.

It's a sub $20 million fund.

And I did a second fund last year, which was a sub $100 million fund.

So, I was working in another VC firm at that time.

And I kind of feel like, okay, I saw the whole ecosystem and I found my passion is with early stage.

And I found I'm pretty good at it with my background experience.

And I know people who are also awesome to team up with me in the near future.

So what I start to do is I start to talk with lots of the family offices and also potential investors who are interested in tech and healthcare.

I tell them the trend that the innovation cycle is coming back in 2012, 2013, that's a business model innovation, and coming to 2014 and 15, that's more about how to really support innovation for fundamental tech and the technology application.