Leo Lu, a partner at XVC, trained as a software engineer at Fudan and even turned his own student web projects into real revenue before moving into consulting at Bain and then investing at Bluelake Capital/Boyu, and he now describes his goal simply as wanting to either build something that changes the world or help others do it, favoring founder character over big market narratives when he invests early. Outside of work, he's been online since he was 11 and won website-design awards in high school, and he later climbed most of Tibet's snow mountains, dove in oceans around the world, and took up marathon running as a long-term personal challenge after business school.
About their Fund
Sectors
Consumer, Ecommerce, Food & Ag, Fintech, Robotics
Rounds
Avg Check Size
Notable Investments
XVC rejects macro-driven investing in favor of a "micro before macro" philosophy that focuses on company-specific factors and organizational capability, using intensive field work to assess founders through decision-making frameworks, team-building ability, and learning agility rather than market conditions. The fund operates with extreme decision speed once they identify strong founders, maintains a highly concentrated portfolio of roughly 20 companies per fund with deep research and large position sizes, and provides hands-on operating support while being careful not to micromanage.
Other partners at the fund
Notable Fund
Investments
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Sheets they're in
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Sheets they're Fund is in
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Popular Investors
investor name
Active in
Rounds
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Links
Deeptech / Hardware
Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
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$400K - $2M
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Defense
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7
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2
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Unknown
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Climate
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4
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2
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Unknown
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Pre-Seed - Series A
Unknown
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