Butterfly Effect
蝴蝶效应
Butterfly Effect is the parent company of Monica and Manus, the AI agent product that went viral in early 2025. It was founded by Red Xiao (肖弘), who ZhenFund backed across three companies over a decade — the final check going to Butterfly Effect itself . Before Manus's breakout, the company struggled to raise a round, with ZhenFund, Sequoia Capital, and Tencent among the few who did not pass . In late 2025, the team joined Meta while keeping the company, team, and product independently operated . Related coverage: the name also appears in 5Y Capital's monthly newsletter .
AI-generated — may contain errors, please verify.
Coverage
Manus Team Joins Meta: A Decade-Long Journey for a Group of Young People
A deep understanding of users and exceptional product engineering ability are what truly scarce in this era.
Half of 2025 is gone — 9 AI Aha Moments
Great products are often born at the "Crossing" of technology and the humanities.
Starting from Five Investments in Manus's Red Xiao: A Conversation with ZhenFund Partner Yuan Liu on How His Read of People Has Evolved
I think the market is at its best right now.
Starting with Five Investments in Manus Founder Red Xiao: A Conversation with ZhenFund Partner Yuan Liu on How Reading People Evolves
"If you bloom, butterflies will come" — How Hillhouse and ZhenFund Partners See New AI Startup Opportunities
If you bloom, butterflies will come.
Behind Manus's Viral Moment: 20 Questions to Understand AI Agent
Here's everything you want to know about Manus & AI Agent.
Behind the Manus Hype: 20 Questions to Help Us Understand AI Agents
From Methodology to Real-World Experience: What Linear Capital's "AI/SaaS Going Global" Sharing Session Covered
On the afternoon of May 10, Linear Capital and Global SaaS/AI community Linkloud co-hosted the "AI/SaaS Global Expansion Meetup" as scheduled. We received an overwhelming number of registrations for this event — thank you again for your interest. Due to venue capacity constraints and the closed-door nature of the session, we're sharing select highlights from the gathering here.
