Fenbushi Capital is the first Chinese venture capital firm that exclusively invests in Blockchain-enabled companies. Its mission is to accelerate the inevitable future of Blockchain economy by supporting as many companies as possible.
Remington Ong is a partner at Fenbushi Capital, where he has managed investments into over 40 leading startups around the world. He is also an advisor to BlockAsset, a digital asset investment firm. He has over 10 years of experience in investment banking and private equity in China, including as an investment banker covering Asia TMT at Merrill Lynch and as a management consultant at L.E.K. Consulting. He is also an experienced entrepreneur whose startups have attracted funding from global VCs. Remington graduated with an MBA from INSEAD (Institut Européen d’Administration des Affaires,fr .)- business school with campuses in Europe (Fontainebleau, France), Asia (Singapore), and the Middle East (Abu Dhabi). And a BS in Electrical Engineering from UCLA (University of California, Los Angeles).
– Could you please say some words as a cryptoinvestor about how to choose a project to invest?
- Main advice – to be fond of different choosing traditions of ICO-projects. The choice depends on product, market, team skills. You have to research the product, know skills of the team, advisors. As for us we pay deep attention to team and product.
– May I ask you to mention some new blockchains? What blockchains are going to be properly soon and would be interesting to invest to?
- I prefer not to answer this question. We are not an investment service. And we are not promoting projects.
– OK. How is changing the way you invest in projects – right now?
- I think a lot of projects appear now. Many countries promote their projects. I think right now we are strong as industry. As for us – we do welcome new projects but it depends on more regulation, less regulation and so on. And if we are talking about getting more solemn projects – it is ethical. And from the other side there are teams with key better systems. But it’s too risky for them to go on ICO. And anyway – there is no perfect metrics for that business still.
– What do you think generally about the Russian blockchains projects, Russian ICOs?
- I have seen many talented engineers here, not only Russian but from Central Europe. I think they are strong enough.