Ep. 15 ft. Inception Capital — Time at Huobi, Inception's Thesis, Spanning East & more

Show Notes

🎥 Watch the video version: https://www.youtube.com/watch?v=v5itw7b9rzU

In this 15th episode we're speaking with David Gan, Founder and GP at
Inception Capital.

He shares his lessons from his time at Huobi, the importance of bridging Eastern and Western markets, and the evolving landscape of venture capital in the crypto space.

Further we discuss cultural differences in business practices, the impact of geopolitical shifts on the crypto market, and the future of automated financial systems.

Finally we touch on hyper gamification in consumer apps and the significance of attending conferences like KBW and Token.

Takeaways
- David gained extensive experience at Huobi, which shaped his investment thesis.
- Inception Capital aims to bridge Eastern and Western markets in crypto.
- Cultural understanding is crucial for successful business practices.
- Geopolitical shifts are influencing the crypto landscape significantly.
- Investing in under-the-radar projects can yield high returns.
- Automated financial systems are the future of finance.
- Hyper gamification can enhance consumer engagement in apps.
- Conferences provide valuable networking opportunities and insights.
- Managing treasury for portfolio companies is essential for their success.
- The crypto market is evolving, and early-stage investments are key.

Chapters
00:00 - Introduction to Market Cap and Guests
00:58 - David Gan's Journey at Huobi
04:37 - Lessons Learned from Huobi
08:48 - Inception Capital: Bridging East and West
12:51 - Cultural Differences in Business Practices
19:42 - Geopolitical Shifts and Their Impact on Crypto
22:34 - Inception Capital's Unique Structure and Strategy
30:40 - Managing Liquid Funds and Treasury for Founders
36:20 - Investment Thesis: Asymmetric Opportunities in Crypto
46:25 - The Future of Automated Financial Systems
52:05 - Hyper Gamification and Consumer Apps
01:01:31 - Insights from KBW and Token Conference
01:04:45 - Conclusion and Future Outlook for Inception

What is Market Cap?

Market Cap is the show for serious capital in crypto. Stefano hosts allocators, market makers, and institutional operators to unpack the flows, structures, and mechanics shaping the asset class. Conversations focus on market structure, liquidity, the bridge between TradFi and crypto, and the questions allocators are actually asking. Built for professionals who treat crypto as a market, not a meme.