GBIC Co-Founders Richard Lee and Mike Chen on Investing Differences between US and Asia, China, Korea, and India’s Market Opportunities
Market Opportunities
Our fifth podcast with Crypto investors Richard Lee and Mike Chen is out. Check it out!?
In this episode, Joyce is joined by Crypto investors Richard Lee (left), founding partner of GBIC (Global Blockchain Innovative Capital), and Mike Chen (right), founding partner of GBIC and CEO of Block72. Both Richard and Mike have been seasoned crypto investors, and they look at companies from both Asia as well as the US. Their investments include Logos Network, Hadron Cloud, Origo, Airswap, and more.
Timestamps and discussion points from the podcast
1:45 — Introduction to GBIC and Block72 from Richard Lee and Mike Chen
6:50- Markets in China and US, such as megacap ICOs, valuations, reverse-ICOs in Asia, VCs coming into the play
16:14- Investment in Asian projects vs US projects, differences and how to think about them
31:00- How being a global fund with reach in different countries is advantageous for a volatile market in Crypto
34:45- Large tech companies in China doing reverse-ICOs outside of China
38:20- Potential for India as the next market
GBIC is is a multi-strategy crypto fund with offices in New York, Shanghai and Seoul. Block72 is a global consulting firm specializing in blockchain and distributed ledger technology, with offices in multiple offices across the world including New York, Shanghai, Beijing, Seoul, and San Francisco.