Andrew Kang: Last period, we made eight-figure profits on many projects

Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, wrote that "In 2018, I had a portfolio worth $50,000. By mid-2021, I have grown this portfolio to a level comparable to many well-known cryptocurrency funds in the field without absorbing any external funding." The only way for such possibility is to discover early-stage teams with outstanding product potential, accumulate most of the project ownership through public markets and support them firmly to grow into investments with 100 or even 1000 times liquidity. This is done by supporting through token incentive/issuance design, marketing/community development strategies, DeFi integration/partnerships, exchange contacts, product design and introducing other signal/value-added funds/investors/users/developers and becoming advanced users of protocols. "I've walked alongside many such projects whose market value has grown from less than $50 million to over $2 billion; some have even reached over $5 billion including Thorchain,Pancakeswap,Frax Finance etc. Many followers from the last cycle made eight-figure profits on many of these projects along with me. When you are truly confident about the potential scale of a startup,you're insensitive to price,and you're willing to continue accumulating more even after prices revalue by 5-10 times.Of course,you'll eventually sell when the market overheats,but we're far from that point.In this bull market,I'm running the same strategy again."