Yongteng Wen

Yongteng Wen is a post-90s investor who founded Nebulon Ventures in 2026, reportedly the first new VC fund announced that year . He previously served as executive director at BV Baidu Venture Capital, departing in late 2025 to launch his own firm . Within four months of leaving, he completed a first close of tens of millions of USD for Nebulon, whose name references astronomical nebulae and the patience of long-exposure photography .

His investment track record includes being among the earliest backers of HeyGen, the AI video generation company whose founder Joshua Xu he first met in 2021 . He has also invested in multiple AI startups that have reached over $100 million ARR . His approach emphasizes global deployment of capital—he began systematically exploring AI investments before ChatGPT's emergence and positioned himself as a bridge between Chinese and international startup ecosystems .

At Nebulon, Wen operates as a solo GP and has heavily integrated AI tools into back-office functions, arguing that in an era of rapid technical change, organizational information flow speed matters more than hierarchy . He describes venture capital as fundamentally "a people business," reserving human judgment for assessing founder motivation and providing support during uncertainty .