YZ Yuanzhe Fu + YY Yuyan Wang, founders of YUVC are thrilled to be joined by Liang Zhu, Partner at China Prosperity Capital.
Liang made his way into venture capital from a lawyer background.
He started to invest in hardware and deeptech in China a decade ago.
Previously, he worked with a Chinese public company and a top10 hardware tech VC in China.

Highlights:

YZ: How do approach early-stage hardware tech investing?
Liang: Firstly, you should approach the scientists and professors with a mindset of making friends. Understand them and even read a few of their papers. This can trigger in-depth discussions and promote mutual understanding.

YY: What is the carry advance system, and what makes it attractive?
Liang: It's designed to provide incentives for investors and help them see returns early. The lifetime carry system, further developed on this basis, enhances the sense of belonging and motivation among employees.

YZ: What is the meaning of life?
Liang: The impact that doing these things has on the people around you and your industry determines its significance.

Chapters:

00:04 💼 Investment Essence
03:01 🤝 Befriend Scientists
05:04 👣 Three-Step Trust
06:02 🚀 Entrepreneur Value
08:52 🕒 Team & Timing
10:08 🌟 Hope in Tech
13:11 🎖️ Invest in Military
15:59 🛠️ Non-Military Tech
21:59 🙅‍♂️ Three Nos in Invest
26:18 💰 Early Valuation
29:56 🔋 Solid Batteries
33:31 💡 Empower Startups
38:10 💸 Funds Evolution
40:21 🛤️ Exit Strategies
42:40 🏆 Capital Highlights
46:04 📈 Unique Systems
48:46 🌱 Life's Meaning
50:49 🛡️ Keep the Faith

Links:

• Substack
• YouTube
• LinkedIn
• Apple Podcasts
• Spotify
• X
• 小红书
• Bilibili
• 36Kr