According to BlockBeats, Inception Capital founder David Gan lost contact with investors for several months, triggering a fund liquidation crisis. In May 2023, Gan informed investors that he would go abroad to assist in the investigation and then lost contact.
Named to Forbes Asiaâs 30 Under 30 list in 2019, Gan raised its first $50 million venture fund in 2021 and another $30 million fund in 2024. Inception Capital manages nearly $100 million in assets.
In late June, Gan resurfaced and agreed to give up some key responsibilities at the firm. Inception is currently working with limited partners on a transition strategy. Gan said the fund is doing well and he has been back to his day job for several months.
