Lu Zhang

Actually, I'm not against the consumer.

I just feel like different firms have to have their own focus and what we're good at and also whether we could be the best supporter for them to really take out money.

So not only me and also my teams, my operating team, my partner team, all of us have strong industry background, former operator and technical background.

So we're very confident to help the enterprise SaaS or technology funder rather than the consumer funder.

And on the other side, as I mentioned earlier, when I started Found, I saw the opportunity as business model,

innovation cycle, they go with different stage.

And we went through the business model innovation.

The hub was back in 2014.

So after that, we need the next round of fundamental tech innovation, technology application innovation, and then business model innovation.

So to me, it kind of,

see the big trend coming up with technology innovation itself.

Consider technology innovation, consumer application is not necessarily the best one.

For example, for AI, it's hard to name one killer app for AI application for consumer facing companies or product.

But when we see AI in industry or AI in healthcare, you could see the full capacity and also advantages to use this technology.

Actually, second fund size is actually almost $90 million.

Okay.

Yeah.

I think more than 90% of the FundOne LP also putting money into FundTwo.

I think around less than 30%.

Yes, yes.