LOS ALTOS, Calif.--(BUSINESS WIRE)--Aug 20, 2026--

TSVC (formerly TEEC Angel Fund) today issued a public clarification regarding inaccurate public statements made by Larry Li, Founder and Managing Partner of Amino Capital, concerning TSVC's landmark 2011 seed investment in Zoom Video Communications (then SaasBee).

Founded in Silicon Valley in 2010, TSVC has invested in more than 200 technology startups, helping build 12 unicorns and 5 IPOs from the seed stage, including Zoom, Carta, Ginkgo Bioworks, Iterable, Musely, Zūm, Plus, d-Matrix, and Exa. Today, TSVC focuses on backing founders building the next generation of Physical AI companies.

The 2011 Zoom seed investment was made by TEEC Angel Fund I, the predecessor of today's TSVC. Larry Li was not a General Partner of TEEC Angel Fund I and was not responsible for sourcing, evaluating, negotiating, or managing the Zoom investment. TSVC is therefore correcting public statements that identify Mr. Li as a "co-founder of TEEC Angel Fund" or otherwise attribute TSVC's historic Zoom investment—in whole or in part—to Mr. Li or Amino Capital.

The need for this correction is demonstrated by actual public confusion. Independent organizations have already published materials identifying Amino Capital as the investor behind Zoom's 2011 seed financing, despite the fact that Amino Capital was founded in 2012—after the Zoom investment had already been completed. Historical inaccuracies, when repeated across biographies, interviews, websites, and third-party publications, can gradually become accepted as fact, entirely in error.

On June 22, 2026, TSVC formally requested that Amino Capital correct inaccurate public statements concerning Li’s role in TEEC Angel Fund and the Zoom investment.

Supporting documentation—including screenshots of the public statements discussed above, historical records, and publicly available court filings—is available on the official TEEC Angel Fund website:

www.teec-angel.com/litigation/

TSVC believes that accurate historical attribution strengthens trust, transparency, and integrity throughout the venture capital ecosystem. By preserving the historical record through original documentation and public records, TSVC seeks to help ensure that Silicon Valley’s investment history remains accurate for entrepreneurs, investors, researchers, journalists, and future generations of founders.

View source version on businesswire.com:https://www.businesswire.com/news/home/20260819352262/en/

TSVCchun@tsvcap.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL TECHNOLOGY VENTURE CAPITAL PUBLIC RELATIONS/INVESTOR RELATIONS COMMUNICATIONS PROFESSIONAL SERVICES START-UP ROBOTICS ARTIFICIAL INTELLIGENCE

SOURCE: TSVC

Copyright Business Wire 2026.

PUB: 08/20/2026 01:01 PM/DISC: 08/20/2026 01:02 PM

http://www.businesswire.com/news/home/20260819352262/en