Cryptocurrencies
Crypto Venture Investors Choi, Wang Launch Fund for Web3
- The new fund won’t take outside money or charge fees
- Fund is tapping Defi ‘mentors’ to advise on promising projects
Tangent founders Darryl Wang, left, and Jason Choi
Source: TangentThis article is for subscribers only.
A pair of executives from two of the more prominent crypto venture capital firms in Asia are launching a new fund they say is targeted specifically at helping promising web3 projects navigate their way through the current bear-market cycle.
Jason Choi and Darryl Wang, both 27, told Bloomberg the new fund, dubbed Tangent, wouldn’t accept outside capital or charge any management fees. Tangent will work with three to five early-stage crypto projects each quarter using an undisclosed small pool of proprietary capital. A public deck for the fund shows that it provides resources from audit, legal structure, to media and technical support.