Articles
Harry Wang's Counter-Cyclical Bet — Entering the Game --- When the venture capital industry was retreating en masse, Harry Wang made a move that seemed to defy the tide. It was late 2023. The Chinese tech investment landscape lay in near-freeze — fundraising had collapsed, deal flow dried to a trickle, and even seasoned investors were sitting on their hands or pivoting to safer harbors. At Linear Capital, where Wang had spent years as a founding partner, the firm was also tightening its belt, shifting toward more conservative deployment. Wang chose the opposite path. He left. Not to retire. Not to wait out the winter. But to start something new — a fund built for exactly this moment of pessimism, when valuations had cratered and founders with real substance were being overlooked in the panic. "Everyone's talking about risk-off," Wang told me when we met in Shanghai. "But that's precisely when the best opportunities emerge. The question is whether you have the stomach for it." The new vehicle, which Wang has been quietly assembling over the past year, represents a
Is investing a game of guts?
The First Echo for AI Entrepreneurs
Sixty years ago, two American radio astronomers discovered the cosmic microwave background radiation — the afterglow of radiation left behind in the early universe, a landmark confirmation of the Big Bang model. It is all profoundly poetic. The Big Bang itself carries the grandeur of epic mythology: billions of years later, the beings on this planet detected its echo reverberating through the cosmos.
Using AI to Accelerate Discovery of Efficient Catalytic Materials, "Deep Principle Technology" Raises Nearly $10 Million in Seed Funding Led by Linear Capital
By Chen Sida | Edited by Deng Yongyi Source: Intelligent Emergence From household daily chemical products to high-efficiency catalysis for energy use, nearly every aspect of life and production depends on emerging materials. The old "needle in a haystack" trial-and-error approach can no longer meet today's materials R&D demands. But the AI boom sparked by the large model wave is bringing "AI alchemy" closer to reality.
Transforming the Industrial Landscape of Chemical Materials with AI | Linear Capital Portfolio Interview Series: "Deep Principle Technology"
Today, Deep Principle, a company focused on AI-driven scientific research in chemistry, announced the completion of a nearly $10 million seed funding round. Linear Capital led the round, with Zhenzhi Ventures and Taihill Venture participating as co-investors. XtalPi and DP Technology also joined as strategic industry investors. Founded in 2024, Deep Principle's founding members are all graduates of MIT. The company's vision is to integrate artificial intelligence, quantum...
Change Begins with What You See | 5Y News Monthly
The big news from last month.
Event Registration | June 14 Afternoon, Beijing — Linear AI Sharing Session, Sign Up Now!
On the afternoon of June 14, Linear Capital will host an AI sharing session in Beijing.
Guan Shanxing: I'll Tell Everyone When the Problem Arrives | WAVES
"Learn to become a (young) entrepreneur."
How Far Can "Embodied AI" Take This Robotics Boom? | 5Y Capital Tavern Vol. 17 x Silicon Valley 101
What new technologies are emerging in the robotics industry with AI, and what challenges still lie ahead?
Jing Liu × Feng Li: In the Future, What Kinds of Companies Will Thrive? | Feng Li Column
Always look at the other side of the coin.
Two Roads Diverge, But You Can't Travel Both | 2024 · Under 36
Make your choice.