Bill Tai, who invests out of the firm's Menlo Park office, has led a less-than-$5 million investment (subscription required) in WangYou, which lets Chinese users share online diaries, music, photographs and short films for a fee of about $3 per month. Apparently, it is already profitable, which is a good thing.

We note that Bill Tai is the latest Silicon Valley venture capitalist we've discovered has a blog (and yes, we've been slow to update our blogroll to reflect all these newcomers, but we will do so soon). His is called Kiteblog, and it is really all about his kitesurfing hobby. He's pretty serious about this. When we met Bill a couple of years ago for lunch in San Francisco, he drove up with a surfboard and other gear on top of his car -- it was a Friday, and he was cruising to the beach after lunch. Ahh, the life of a big-firm VC. But as you'll see from the blog, his posts boast a good dose of technology and gadgetry -- so to it does seem to meld together harmoniously with his job.

You'll also see Bill obviously spends some time in Hawaii. In fact, I'm (Matt) out here in Hawaii for a few days vacation myself, so posting here at SiliconBeat might be lighter than usual.