#196: Tony Cheng, Managing Partner at Foresight Ventures, on Crypto Venture Capital, Investing in 2023, and Investing in China

Tony Cheng is a Managing Partner at Foresight Ventures, where he covers Web3 investments for the firm while also acting as Head of Corporate Development at Bitget Exchange. Formerly an investor at Sequoia Capital China and 3G Capital, Tony is well-versed in both traditional and crypto VC. Tony has also worked as a consultant at Oliver Wyman after earning his business degree from Saïd Business School, University of Oxford.

In this conversation, we discuss:
- Investing around the world
- Managing investment size and portfolio construction
- Working with Bitget 
- Vetting founders
- Importance of conviction
- Investing in the West vs. China
- First-mover advantage
- Strength of a community
- Investment trends of 2023
- Various ways where the VC landscape changed in 2022
- Navigating different bear and bull market cycles
- Day in the life of a VC

Foresight Ventures
Website: foresightventures.com
Twitter: @ForesightVen
LinkedIn: Foresight Ventures

Tony Cheng
Twitter: @tcheng_100
LinkedIn: Tony (Wenji) Cheng, CFA

 
 
---------------------------------------------------------------------------------
 
This episode is brought to you by PrimeXBT.
 
PrimeXBT offers a robust trading system for both beginners and professional traders that demand highly reliable market data and performance. 

Traders of all experience levels can easily design and customize layouts and widgets to best fit their trading style. PrimeXBT is always offering innovative products and professional trading conditions to all customers.
  
PrimeXBT is running an exclusive promotion for listeners of the podcast. 

After making your first deposit, 50% of that first deposit will be credited to your account as a bonus that can be used as additional collateral to open positions.
 
Code: CRYPTONEWS50
 
This promotion is available for a month after activation. Click the link below:
 
PrimeXBT x CRYPTONEWS50