Former Nirvana Capital Partner Mable Joins Multicoin Capital as Executive Director

At 6:00 pm on December 5th, US Central Time (8:00 am on December 6th, Beijing time), Multicoin Capital, an American Texas cryptocurrency fund, announced on its official blog that former Nirvana Capital (Nirvana Capital) partner Mable Jiang officially joined Multicoin Capital, and serves as its executive director in China's investment market.

Before joining Nirvana Capital (Nirvana Capital), Mable Jiang worked in the distressed asset restructuring department of Citibank in New York and the strategy department of Didi.

Multicoin Capital is a cryptocurrency investment fund headquartered in Texas, USA. In October 2017, the fund announced that it would launch a $100 million flagship fund.

In December 2017, Multicoin Capital had a fund management scale of approximately US$10 million; in May 2018, the fund management scale was approximately US$50 million. As of January 2019, the fund had raised a total of $75 million, according to the latest data from CrunchBase.

According to public information, the LP of Multicoin Capital can be described as a gathering of stars. Multicoin Capital has received support from many well-known venture capital firms in New York and Silicon Valley, including Craft Ventures, a16z, Chris Dixon, Compound VC, Vy Capital, and Passport Capital, as well as their core personnel.

Regarding the joining of Mable Jiang, Kyle Samani, co-founder and managing partner of Multicoin Capital, said on his blog: "We have already started looking for candidates to be responsible for the Chinese market this summer, and we look forward to expanding our investment work in China and Asia. .We are very pleased that Mable Jiang joined Multicoin Capital. Over the past few years, Mable has established a good personal reputation in the Chinese cryptocurrency market. As an excellent investor, Mable has her own in-depth thinking on investment strategies, She can provide value to blockchain entrepreneurs and help us bridge the information gap between East and West at Multicoin Capital."

Regarding joining Multicoin Capital this time, Mable himself said that this will be a new journey in his career.

In an interview with Odaily, Mable said, "First of all, I would like to thank Nirvana Capital and the founder Alfred. Our cooperation experience in the past two years has been very pleasant. The resources and platform of Nirvana Capital have greatly enhanced my cognitive level. Both of us Both remain very open to potential future collaboration opportunities.”

When asked why he chose to join Multicoin Capital, Mable said, “Multicoin is a very diverse organization. Everyone in the investment and research core team, Kyle, Tushar, Matt, Tony, and Ryan have their own very distinctive characteristics. , complement each other. However, everyone is consistent with the core investment philosophy of Multicoin's "theme-driven", and firmly believes that only by explaining the investment theme clearly in logical words and practicing it in private equity investment and trading positions can a complete closed investment loop be formed. This also coincides with the investment philosophy of Nirvana Capital. "

In addition, Mable believes that compared to some more established venture capital institutions, Multicoin Capital itself is still an entrepreneurial team. "There are many goals that need to be worked together in the future, which is also what attracts me."

Since June last year, the cryptocurrency market has been bleak, and the long bear market has also led to a bleak primary blockchain investment market. Many blockchain investment institutions and funds at home and abroad are gradually shrinking their investment scale in order to survive the "cold winter." In this market environment, how will Multicoin Capital formulate its own investment strategy?

Mable analyzed to Odaily: "First of all, Multicoin is a hybrid fund. It invests in the primary and secondary markets at the same time. The combination of the primary and secondary markets is conducive to the flexibility of the fund. It is a good time to sell undervalued high-quality assets, which requires both patience and courage."

Why is Multicoin Capital looking for a partner in the Chinese market at this time, and what are the expectations for the Chinese market?

Mable said that the lack of market efficiency caused by poor information is also the key to guiding Multicoin Capital to make strategic decisions in Asia. The generation, transmission and understanding of information and the timeliness of this process mean cognitive differences at the same point in time. Therefore, a fund obtains first-hand information in various markets, forms accurate judgments, and the influence of opinions in various markets. The most direct impact on investment institutions is reflected in the return gap with peers and its fundraising ability. It is a positive cycle. logic. Multicoin Capital chose to start building an Asian team at this time, precisely to accumulate advantages in global market information coverage and awareness from now on, and to prepare for the long-term future.

Regarding the work plan and work expectations after joining Multicoin Capital, Mable said that he will continue to be based in Beijing. The focus of his work is to build investment themes and strategies for the primary and secondary markets. At the same time, he will also do some financing work to build Multicoin Capital in Asian brands and influence will also run through all aspects of work.

"Forming an investment thinking framework and methodology, building a brand around core investment concepts, and empowering invested projects are all things I have always loved, and I will continue after joining Multicoin." Mable finally said.