Welcoming Mable Jiang To Multicoin Capital
Since launching Multicoin Capital more than two years ago, we’ve sought to build a crypto-native, global-scale asset management firm.
Over the last 12 months, we’ve been thinking hard about how exactly we should grow the firm in order to build towards that vision. We determined that the most important initiative we could undertake was to develop a meaningful presence in Asia.
Crypto is a global, 24/7 market. But the distribution of talent, capital, and information is not homogeneous.
Information flow in crypto is structurally broken. In traditional markets, information is uploaded into centralized repositories that are searchable (e.g. Bloomberg). In crypto, no such analog exists (though a number of companies are striving to become the “Bloomberg for crypto”).
Excluding exchange data (e.g. price, volumes, order books, etc.), information in the US and Europe flows through Telegram groups, Discord groups, Medium pages, company blogs, Twitter, and the press. Meanwhile, in Asia, information flows through WeChat groups, Weibo, crypto-native social networks like Bihu and others, and to a lesser degree, the press.
Note the lack of overlap. This dissonance is further compounded by cultural, timezone, and language barriers.
We began our journey into Asia by launching a brand new website in April, coinciding with the Spring 2019 Multicoin Summit. Since then, we have translated our entire website—including a backlog of more than 50 blog posts—into Chinese and Korean. And we’re working on Japanese now.
Coupled with several trips to Asia over the course of the year, we’ve developed a much stronger network of relationships with the Asian press, translators, and other local service providers. We in turn make those available to our portfolio companies so that we can provide even more value to them.
This summer, we began searching for someone to lead our efforts in China and Asia more broadly. Today, we’re excited to share that Mable Jiang is joining Multicoin Capital as a Principal on the investment team based in Beijing.
Mable was previously working at Nirvana Capital, a respected cryptofund based in Beijing. Prior to that, she worked in strategy at Didi, and in investment banking at Citi in New York City. Mable has developed a strong reputation in the Chinese crypto community over the last couple of years as a great investor who can think deeply about strategy and opportunities, provide value to entrepreneurs, and help bridge the East-West information gap. She’s one of the most unique and thoughtful commentators in the space. You can follow her on Twitter.
Moving forward, Mable will spearhead our efforts in China and Asia more broadly. She’ll be leading new deals—both equity and tokens—and helping us capitalize on the structurally broken information flow for secondary-market investments. If you have a project, a deal, or information to share with her, she can be reached at mable@multicoin.capital.
Crypto is inherently global in nature, and this represents our first major step towards becoming a global firm. We are incredibly excited to welcome Mable to our team.
Disclosure: Unless otherwise indicated, the views expressed in this post are solely those of the author(s) in their individual capacity and are not the views of Multicoin Capital Management, LLC or its affiliates (together with its affiliates, “Multicoin”). Certain information contained herein may have been obtained from third-party sources, including from portfolio companies of funds managed by Multicoin. Multicoin believes that the information provided is reliable and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This post may contain links to third-party websites (“External Websites”). The existence of any such link does not constitute an endorsement of such websites, the content of the websites, or the operators of the websites.These links are provided solely as a convenience to you and not as an endorsement by us of the content on such External Websites. The content of such External Websites is developed and provided by others and Multicoin takes no responsibility for any content therein. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in this blog are subject to change without notice and may differ or be contrary to opinions expressed by others.
The content is provided for informational purposes only, and should not be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The contents herein are not to be construed as legal, business, or tax advice. You should consult your own advisors for those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by Multicoin, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Multicoin is available here: https://multicoin.capital/portfolio/. Excluded from this list are investments that have not yet been announced (1) for strategic reasons (e.g., undisclosed positions in publicly traded digital assets) or (2) due to coordination with the development team or issuer on the timing and nature of public disclosure.
This blog does not constitute investment advice or an offer to sell or a solicitation of an offer to purchase any limited partner interests in any investment vehicle managed by Multicoin. An offer or solicitation of an investment in any Multicoin investment vehicle will only be made pursuant to an offering memorandum, limited partnership agreement and subscription documents, and only the information in such documents should be relied upon when making a decision to invest.
Past performance does not guarantee future results. There can be no guarantee that any Multicoin investment vehicle’s investment objectives will be achieved, and the investment results may vary substantially from year to year or even from month to month. As a result, an investor could lose all or a substantial amount of its investment. Investments or products referenced in this blog may not be suitable for you or any other party.
Multicoin has established, maintains and enforces written policies and procedures reasonably designed to identify and effectively manage conflicts of interest related to its investment activities. For more important disclosures, please see the Disclosures and Terms of Use available at https://multicoin.capital/disclosures and https://multicoin.capital/terms.