Linear Capital's Zheng Can: AI application investment focuses on vertical agents, coding, and voice models; starting ticket size for early-stage projects rises to $3–5 million

Zheng Can, Managing Director at Linear Capital, said at the WAVES New Wave 2025 roundtable and in an interview that AI application opportunities belong to teams with both obsession and execution capability. Linear is bullish on agents that solve specific vertical problems, coding tools, voice models, and AI plus the silver economy.