Yeah, thanks again. Current for having me. I'm an immigrant. So I came to the United States in 1998 after I finished my college degree in China. So I went to your Chicago to get my PhD. And then in 2002, I went to Philadelphia to work for a company called Open Heart. I spent about 45 years there. The company was actually a Fortune 500 company with almost 20,000 employees. And I was part of this department of emerging technologies. So by today's fancy term, it would be called something like Internal Incubator. Um, I went through the ideation of getting some innovation and even patterns issued and then all the way to a commercial success. Eso that talking a lot of stuff about innovation, commercialization so on so forth. And then I realized how much or how little I knew about the business aspect off innovation. So I decided to get my n b A. Between 2007 and 2009, I pursue the business degree at Warton, also in Philly, and when I finished, I moved to the Bay Area in 2009 to start my career in the venture capital business. I spent the first seven years working for a few other farms, and in 2016, I became sort of a startup founder. But the startup I created is also a venture capital fund called I Fly. I flied out. B c is the website, and we primarily focused on the third early stage venture investment here in the United States. Uh, I'm happy to get into the details. Uh, just follow the questions that crime is gonna ask.

yes. So here we are actually very excited about this trillion dollar paradigm shift in consumer spending in the United States every year. Consumer spending accounts for a majority of the GDP growth, even though the top line is only growing at like 23% per year. But when you look at the breakdown, there are different segments, and there are different pieces that go much faster. That is because the demand has always constantly evolve and change. And whenever the defendant is different or evolved, the supply by default is falling behind. And whenever there is a disconnect between demand and supply that creates a it's an opportunity for the innovative entrepreneur to come in to think better way to serve those all men needs. So that's why there's always opportunity in the consumer space across the whole value chain, from logistics supply chain to e commerce, retail consumer products. Um, so that's where we are excited about finding opportunities to work on with entrepreneurs. But when it comes Thio the actual work to make it work, we don't change one. Should they? You are short of does work, you know, every year there's some sort of like the big data the r a r ai crypto Blockchain s so forth. But you know when when opportunity is surrounded by the bus, there are way too many people with a machine investor. I mean, too much investment capital chasing those opportunities. So from the investment perspective, just like picking stock if everybody loves test. But if everyone loves Apple, the stock price goes through the roof. Same thing for early stage investor. When you get into a very hot space, overcrowded, you end up paying a much higher price even to bear the same kind of a high risk. To me, that's not good for investment, but for us, you know, we do a lot of research. We don't follow the bus. If our research showed us something that is not necessarily obvious to others, that's great. That's where we are excited about opportunities, and that's where we find our conviction. So our check slides to begin with can be just a couple million dollars, and we do like an opportunity and we either lead or follow someone else's lead or Syria is a on do you know? So every year we only make a few investments that means after the investments, we don't only have the motivation, but also we can afford our time bandwidth to do a lot of work, to help entrepreneurs to get to the next level. So fundamentally way. Ask ourselves, Do we really understand this opportunity? Truthfully, right. You have to be very truthful about it. And the second question we have to ask ourselves all the time is do we really deserve to be on the cap table of this number way are able to check these two boxes and very high level with all the details were behind it. Then we should just, you know, go back it right, So that that's the approach. We, uh we take the investment, and so far it has helped us a lot of companies tremendously.

the first email. I'm open. I like the food agency, right? Just be very three forward with. I was to ask anything that's brief. That just direct to the point will be helpful. You know, it's not something, uh that fits our investment criteria or that we cannot really do anything to be helpful then will also be very upfront because everybody has limited amount of time. Eso That's what I think, that there will be a good to see. I don't necessarily need to see all the native Grady's or details when when someone sends us email, the point is more like a a charge, right? So the point is that whether or not we could engage. So if that emails could help us shape that opinion, I think that will be just most effective.