Venture Capital is not a scam.
According to the information on the official website of Chuanggu Capital, Anhui Chuanggu Equity Investment Fund Management Co., Ltd. (referred to as Chuanggu Capital) was established in January 2018. It is a pilot project for deepening the reform of state-owned capital investment operating companies and completed China Securities Investment in July 2018.
It is registered as a private equity fund manager with the Asset Management Association and has formal investment qualifications. It is a professional fund management company.