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Lu Zhang

๐Ÿ‘ค Speaker
140 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

So that's the first connection and also DealFlow network will build up.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

Second DealFlow network we build up is actually focused on founder himself.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

We like founder with operation experience, technical background, and also with big operation experience.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

So we also have a network with all these awesome founder.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

They worked for a couple of years in Facebook or Google and they decided to do a company themselves.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

We interact with them early on, and when they decided to really spin off to do a company full-time, we jump in and give them the initial capital.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

And meanwhile, we also have an internal database.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

That might not be quite common to see in the smaller firm size like us when we first started, but I believe in data's power.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

We always talk about empower different, even like empower legacy industry with big data.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

And we could also empower ourselves with data analytics.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

So we have the database inside that we input all the company we met, the company we found online, and also awesome founder background across different platform.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

And we do the analysis and find the good one.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

We just do the outbound reach out.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

So that one gradually becomes much more valuable resources for us to find a very good early stage sales mode company.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

I have a company that's the first one, first company I invested for fund one.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

So far, I think they have more than $100 million revenues for this year.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

Yes, that company.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

I think the valuation goes up more than 100 times.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

The company name is Grub Market.

SaaS Interviews with CEOs, Startups, Founders
1472 How She Raised Her Own $90m Fund at 29 Years Old

Yeah.