Entropy Management

Entropy Management (卓飞投资) is a fund founded by Guo Shanshan (郭山汕, also referred to as Colin Guo or Sam Guo) after he transitioned from Sequoia China in October 2024, following 14–15 years as a partner there . The firm operates as a "new fund" with two primary mandates: secondary-market investing and supporting philanthropic causes . Guo, who elsewhere describes himself as "a pretty contradictory person" — "sometimes rational, sometimes daydreaming; sometimes risk-averse, sometimes risk-loving" — brought a track record of generating over $10 billion in fund returns across sectors and stages, with notable bets including logistics platform Huolala, recruitment app BOSS Zhipin, and humanoid-robot startup Zhiyuan Robotics . In the current AI-driven vintage, he has characterized newer investors as encountering a wave that lets them stay "out of the fray, but keeping on winning" .