ChainCatcher reported that according to Fortune, in May last year, David Gan, founder of Inception Capital, informed investors that his father was under investigation and went to China, after which he lost contact for several months.
During this time, investors were unhappy with his “disappearance” and voted to close the fund. In late June, Gan reappeared and agreed to give up some key responsibilities. Gan said the fund was doing well and he had resumed his daily work.
Gan was reportedly selected for the Asia 30 Under 30 list in 2019 for his work as managing director at Huobi Labs. He left Huobi in 2021, raised his first $50 million venture capital fund backed by notables such as Bill Ackman, Alan Howard, Y Combinator CEO Garry Tan and Galaxy, and closed his second $30 million fund of funds in 2024. According to SEC filings, Inception manages nearly $100 million in assets.
