TSVC

General Partners Eugene Zhang and Spencer Greene lead the partnership. The firm's structure requires unanimity across the general partnership for every investment decision, with the GP group composed of former operators who built and exited technology companies themselves.

The firm, then operating as TEEC Angel Fund, invested in both companies at the seed stage through its network of Tsinghua alumni and Silicon Valley engineering executives. These positions were established before either company raised institutional Series A rounds, and both became unicorn exits that prompted the 2018 rebrand to TSVC.

TSVC focuses on pre-seed and seed-stage investments, typically writing initial checks between $250,000 and $2 million. The firm reserves follow-on capital for portfolio companies that demonstrate strong product-market fit and can absorb larger rounds alongside new institutional investors.

TSVC is a venture capital firm that raises blind-pool funds from institutional limited partners. It does not operate as a family office, multi-family office, or hybrid structure, and there is no single source of underlying wealth.

The firm concentrates on enterprise software, cloud infrastructure, artificial intelligence and machine learning, cybersecurity, and robotics and automation. TSVC's partnership evaluates technical architecture as a core diligence criterion, which shapes its sector concentration toward deep-tech and enterprise-facing startups.