English 简体中文

We are entrepreneurs who happen to be venture capitalists

Our Mission

We search for visionary entrepreneurs, build partnership with them, and maximize their success with our capital, experience, network and global vision. In order to move fast and be responsive, we keep our organization lean and focus only on big ideas. We typically invest between 1.5 and 15 million USD (or RMB equivalent) per company.

Submit Business Plan

Investment Thesis

1

Networks and platforms that leverage “connectivity” to enhance user-experience and efficiency

Companies like Uber, Kuaishou, Youxinpai and Meicai.cn that benefit from network effects and economy of scale. As they grow in scale, their user experience gets better and cost gets lower.

2

Applications that produce data that can be used to enhance their user-experience and performance

Google is an example - a vast number of users input keywords and click on the links on the site every day, feeding Google the data to train its search engine and continually improve its user experience. By doing this, Google builds a barrier of entry that gets higher and higher over time.

3

Cores of next-gen eco-systems

Companies that have the potential to become next-gen Microsoft, Apple, Qualcomm, and Intel. Their user experience relies on a diversified and internally compatible eco-system, which has the power to corner its participants to some extend, so that a competing ecosystem cannot offer the same level of compatibility and functionality.

We believe that such companies are best positioned to create long-term value in structural changes, and we strive to find and work with entrepreneurs with great vision and extraordinary leadership to drive the changes.

XVC Team

Boyu HuPartner

An entrepreneur and product geek, Boyu co-founded China’s largest lending software company, Amarsoft (SHE:300380), where he led the development of core product lines and helped the company achieve dominance in a highly competitive market before it eventually went public.

After being an entrepreneur and engineer for 10 years, he became a venture capitalist. Before XVC, he worked for DCM and Blue Lake Capital, where he singled out multiple "unicorns" at early-stage - Meicai, Youxinpai, GIF Kuaishou, 51talk (NYSE: COE), and Wandoujia (acquired by Alibaba). An entrepreneur himself, Boyu loves entrepreneurs and finds it deeply gratifying to work with them as they define strategy, hire talents and raise money. With his help, these portfolio companies have raised an average of 200 million USD in follow-on rounds from world-class investors like Hillhouse Capital, DST, and Softbank.

Boyu is not only a geek but also an “indoorsman”. He got his MBA from Kellogg School on the shore of beautiful Lake Michigan, but he spent most spare time either doing research in his room or auditing classes he wasn't in. As a venture capitalist, he still spends lots of time indoors – reading books on mobile devices, shopping online, or reading for his little son and daughter. He might have grown mushrooms on his forehead were it not for an indoor sport he has been enjoying for almost twenty years – badminton.

Leo LuPrincipal

In Leo’s perspective, technology could make our world better. He will either do something to change the world himself, or he will enable some others to do so.

Before joining XVC, Leo did in-depth study of multiple industries while he was working at Bluelake Capital with Boyu, and invested and managed several great startups. Before that, he worked at Bain & Company Shanghai and Sydney Office. His work included due diligence for Top 10 private fund worldwide and marketing, operations and sales strategy consulting for Top 500 companies.

Since age 11, internet has played an important role in Leo’s life. He has received many website development awards whileilin high school. During his study in the software engineering department at Fudan University, he led scientific and technological development in Fudan Guanghua Company, making 1 million revenue out of several website development projects. Taking off the suit, Leo is an outdoor enthusiast, he climbed most of the snow mountains in Tibet and dived around world. During the time in Kellogg Business School, he finished his first marathon. For now, he has two more challenges, meet the Boston Marathon standard ( 3 hours 5 minutes in 2015), and finish 100 marathons before age 80.

Rickey YaoPrincipal

Rickey dreams to live in the future today. Nothing thrills him more than to bring into reality the wild imaginations that change the world for the better.

Before joining XVC, Rickey worked at GGV Capital and The Carlyle Group. In 2014, he transitioned into venture capital from private equity because he was inspired by innovative yet grounded entrepreneurs, and wanted to build long-lasting partnerships with them. At GGV, his emphasis was new population, new interaction and new consumption. He engaged in investment projects such as Zuiyou, Hellobike, Tangdou, Musical.ly, Zuoyebang, Chushou.tv, Kuaidian, and Citybox.

During his college days at Fudan University, Rickey served as president of the Fudan Photography Association. He was also an early member of the Fudan Security Investment Association and founded the Fudan Consulting Club. These experiences taught Rickey much about execution: he believes that investment is not just about strategic judgement, but about providing hands-on support that will help portfolio companies grow and thrive.

In his free time, Rickey enjoys reading (though he always buys more books than he can read), practices modern archery (though he often damages the arrows on the target with new shots), and hangs out in shopping malls (under the pretense of understanding new consumer trend). But most commonly, you will find him scrolling through Bilibili and Zuiyou before he goes to sleep.

Joann AiOperations Director

Joann is responsible for XVC operations and portfolio development. She finds it meaningful and delightful to work with like-minded and smart people to help entrepreneurs change the world.

Before joining XVC, she worked as a fund administrator and operation manager in Ceyuan Ventures for four years after spending several years studying and working in Australia. She also worked for a crowdfunding platform, Angel Crunch, as an investor relations and financial advisor, where she led the 100X accelerator and Speed Dating Demo Day projects. During that period, she helped 30+ startups close their first round financing successfully. She is also a co-founder of a startup, in charge of finance, BD and marketing.

Although Joann is an in-doors girl, she loves traveling. She makes plans to go around the world to be thrilled by different cultures despite the busy work. Joann wants to grow with XVC, and to participate in the growth and success of its portfolio companies.

Dayu MiAnalyst

Dayu is a data-driven and research-oriented person. Before he joined XVC, he led user growth at Missfresh, an on-demand fresh food delivery startup that raised over 150 million USD. By modeling sharing, shopping and purchasing data, he achieved a 10x increase of daily new shoppers within one month. He also designed models of subsidy policies to achieve best ROI and customer retention.

While in college, Dayu kept searching for key drivers of the changes of the world. He travelled to many rural places to study on the economics, environment and government management topics before he wrote several independent research reports. In his junior year, he went on a full scholarship exchange program at Columbia University, where he realized that technology and business model innovations are sustainable solutions of world changes, and then he worked at Tencent and Nice app as intern financial analyst and product manager.

Testimonials

  • “Boyu has been instrumental to 51talk. As an entrepreneur-turned-investor, he has great empathy and can easily put himself into entrepreneurs’ shoes. He can offer strategic advice on product and pacing. He is an ideal choice of investor for early-stage entrepreneurs who want a great advisor and friend!”

    51Talk  Jiajia Huang
  • “Boyu is one of the best investors I have met. Extremely smart and deep thinking. His help has been huge to Meicai. To me, he is more like a co-founder - we sometimes worked together into mid-night. He is the best partner a startup can have.”

    Meicai  Chuanjun Liu
  • “While Wandoujia was still a tiny team working in an apartment in 2011, Boyu saw our potential and pushed his firm to lead our Series A round, and, in the following years, spent lots of time assisting us with all sorts of growing pains with great patience and care.”

    Wandoujia  Junyu Wang
  • “Boyu is a very smart, sensitive investor with unique vision. In the years that we worked together on Youxinpai, he and I have built great partnership and friendship. To me, discussing business with him is always a cheerful and rewarding experience!”

    Youxinpai  Daikun
  • “Boyu is a great investor to have. His 10 years of entrepreneurship experience is invaluable to the companies he backs.”

    AutoRadio  Qingmu Yu

Views

Contact

Address: 2nd Floor, Building 16, TuanJieHu Park, Chaoyang District, Beijing
Postcode: 100026

http://www.xvc.com/wp-content/uploads/2016/12/XVCmap.png

Email

vip[a]xvc.com
(Please replace [a] with @)

Wechat

xvcfund

http://www.xvc.com/wp-content/uploads/2016/12/wechat.png