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Mechanism Capital Co-Founder Grows Portfolio to Crypto Fund Level Without External Funding

19/02/2024 09:07

According to BlockBeats, on February 19, Andrew Kang, co-founder and partner of cryptocurrency venture capital firm Mechanism Capital, revealed that he had grown his investment portfolio from a value of $50,000 in 2018 to a level comparable to many well-known cryptocurrency funds by mid-2021, without taking in any external funds. The only way to achieve this was by identifying early-stage teams with outstanding product potential, accumulating the majority ownership of projects through public markets, and providing unwavering support to help them grow into 100x or even 1000x liquid investments. Kang supported these projects through various means, such as token incentives/issuance design, marketing/community development strategies, DeFi integration/partnerships, exchange contacts, product design, and introducing other signal/value-added funds/investors/users/developers, as well as becoming a high-level user of the protocol. He has worked with many projects that have grown from a market value of less than $50 million to over $2 billion, and some even reaching over $5 billion, including Thorchain, Pancakeswap, and Frax Finance. Many followers from the previous cycle have made eight-figure profits alongside Kang on many of these projects. Kang stated, 'When you are truly confident in the potential scale of a startup, you are insensitive to price, and even after a 5-10x price revaluation, you are willing to accumulate more. Of course, you will eventually sell when the market overheats, but we are far from that point. In this bull market, I am running the same strategy.'

Bullish

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