Guo Wei, 29, arrives for a meeting at a Union Square coffee shop in San Francisco dressed in an unassuming plain T-shirt, loose sweatpants and a backpack. The only nod to the fact that he’s a minor celebrity in tech circles back home in China is a pair of dark sunglasses.
Yet, he’s among a new wave of young upstart Chinese investors transforming venture capital in Silicon Valley. They join more established players such as AngelList’s $400 million fund anchored by large Chinese private equity firm CSC Group and super-angel Xu Xiaoping’s ZhenFund.