After this "dinner party," Wall Street became even more convinced of Y·Y's intention to go public; those investors who had believed in Y·Y's lack of fundraising plans felt duped.
The queue of people wanting to meet the "star entrepreneur" Yan Ling grew longer.
Many had thoroughly investigated Qi Yi's experience on Wall Street: he graduated from Stanford and started his career at Barclays in investment banking, beginning as a quant. He didn't stay at Barclays long before moving to Ian's private equity firm.
Ian intended to carve out a small private fund from his own and let Qi Yi serve as the GP, focusing on Pre-IPO private equity investments.
Qi Yi's private fund, where he would act as GP, had not been officially established yet, so for most people, Qi Yi was still an investment manager who started as a quant at Ian's company.
In the past few years, Ian's private fund mainly ventured in the stock market.
