The Beijing-based VC has backed more than 30 future unicorns during their seed funding rounds, earning her the No. 1 spot on Forbes' first-ever Midas Seed ranking.
ZhenFund.
Hu, who is now the founder and CEO of Shanghai mobile credit startup Omni Prime, had been asked to help prolific Chinese angel investor Xiaoping Xu — known for backing companies like online cosmetic company JuMei and edtech 17zuoye — launch a new fund. Hu had just started as a vice president at global venture capital firm Sequoia, and thought Fang would be a good fit for the role.
One of Fang’s most notable bets was social media platform Xiaohongshu . She backed the company in its 2013 seed round after recognizing one of the cofounders, Charlwin Mao Wenchao, as the guy who always raised his hand and asked questions when she was visiting Stanford’s campus. The company is now valued at $20 billion. Another strong investment was smart mobility company Horizon Robotics. Fang led the startup’s 2016 angel round; it’s now valued at $4 billion.
Fang topping the seed list sends a stronger message than her place on the flagship Midas list, Dixon says. “When I think of seed, I think of the first check in,” she says. “I think of a first believer, someone who is courageous enough to dream alongside these founders who see a world that doesn’t yet exist. Having a woman represented as an early believer, someone courageous, is huge.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hawks rout Hornets in Eastern Conference play-in, will face Cavaliers for No. 8 seedAtlanta broke the game open with a dominant third quarter and rolled to a 132-103 win to advance to face Cleveland for the East's No. 8 seed.
Read more »
Web3 'follow' app Context announces $19.5 million seed roundVariant Fund and Sam Altman led the round, which also included founders and execs from Quora, Vine and Phantom.
Read more »
Nets hold off Cavaliers to clinch No. 7 seed in East, first-round matchup with CelticsKyrie Irving score 34 points and Kevin Durant had 25 as Brooklyn held off Cleveland 115-108 in the first play-in game to clinch the East's No. 7 seed.
Read more »
Timberwolves rally past Clippers for West's No. 7 seed in tense play-in tournament gameAnthony Edwards and D'Angelo Russell came up huge after Karl-Anthony Towns fouled out as the Wolves set up a first-round series with the Grizzlies
Read more »
Pelicans hold off Spurs in Western Conference play-in, move on to play Clippers for No. 8 seedCJ McCollum scored 32 points and Brandon Ingram had 27 as the Pelicans held on down the stretch to set up a matchup with the Clippers.
Read more »
World Bank says diversifying supply chains from China 'best for everyone'Countries around the world are reducing their dependence on Beijing, World Bank chief David Malpass says, adding China needs to be part of a value system shared by other countries.
Read more »