Plum Ventures is a Chinese angel fund founded by repeat-exit internet entrepreneur Wu Shichun that deliberately backs "poor, smart, and have desire" founders from small towns rather than only polished big-city entrepreneurs, with over 600 portfolio companies focused on encouraging young people to become entrepreneurs. The fund operates with an extremely high-velocity investment process, completing new funds every 1-1.5 years and screening over 5,000 projects per cycle to invest in about 100, while maintaining an early footprint in Web3 and crypto infrastructure alongside traditional internet and consumer tech.