The Ledger
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Lu Zhang: AI advantages are in industry and healthcare, not consumer apps
“It's hard to name one killer app for AI application for consumer facing, like, companies or product. But when we see like AI in industry or AI in healthcare, you could see the full capacity and also advantages to use this technology.”
Lu Zhang: Fusion Fund's GrubMarket investment is up over 100x
“That company, I think the valuation goes up more than a hundred times.”
Zhang: Fusion Fund manages over $100M for early-stage tech investing
“So far we have more than a hundred million dollars and the management for early stage technology investment.”
Lu Zhang: Fusion Fund portfolio company Stratify generates over $40M annual revenue
“So, so far they have more than like forty million dollars annual revenue.”
Zhang: Fusion Fund uses proprietary database for outbound sourcing
“We also have an internal database. That might be not be quite common to see in the smaller firm size like us when we first started, but I believe in data's power. We always talk about empower different, even like empower legacy industry with big data, and we c…”
Lu Zhang: GrubMarket generates over $100M in revenue in 2019
“So far, I think they have more than a hundred million dollar revenues for this year.”
Lu Zhang: Fusion Fund II Reached Almost $90 Million
“Actually, second fund size is actually almost ninety million dollars.”