XiaoXiao Fund

XiaoXiao Fund is a solo-GP venture capital fund run entirely by Xiang Xiaohan, described in an elsewhere piece as "possibly the world's smallest VC" . The fund operates on a $3.3 million corpus, limiting individual investments to roughly $200,000–$300,000 and generating under $66,000 in annual management fees—barely enough, as the article notes, to cover a few international trips . Xiang serves as investor, analyst, legal, finance, and HR all in one, making it perhaps the most extreme example of the solo-GP model in venture capital . The elsewhere reporting also questioned whether such a small fund structure is viable, noting that its financial model remains unproven .