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As the announcement mentions, Qi Lu continues to be active in the VC space with a new company, MiraclePlus, which calls itself "formerly YC China" on their webs
by yorwba 6y ago
As the announcement mentions, Qi Lu continues to be active in the VC space with a new company, MiraclePlus, which calls itself "formerly YC China" on their website: https://www.miracleplus.com/ https://www.miracleplus.com/
- tomhoward 6y agoPresumably he calls it that because he’s using the same business strategy/model he was building for YC. But it seems quite clear that it’s not YC. The new entity is a standalone VC fund [1], and YC is a recipient of LP funds, not an LP in other VC funds. And besides, it would be hard for YC to keep any involvement quiet after making this kind of announcement. [1] https://www.sec.gov/Archives/edgar/data/1792939/000179293919000001/xslFormDX01/primary_doc.xml https://www.sec.gov/Archives/edgar/data/1792939/000179293919...