Founding General Partner
Inception CapitalCheck size: Inception does not publish a David-specific check range on its live site. A 2026 interview described an $80M platform split between a $50M venture fund and $30M fund-of-funds, but vehicle size is not personal check size. Founders should ask directly about current round, ownership and reserve fit.
David runs a dual strategy: direct early-stage venture investments and backing emerging fund managers, sometimes through management-company or GP stakes. His edge is an East-West network connecting U.S. innovation and institutional capital with Asian adoption, builders and liquidity. He favors globally trained founders, emerging-market financial infrastructure and long-duration themes such as stablecoins, tokenization, automated finance and the intersection of AI and Web3.
Founders and managers operating at inception with personal conviction, accountable ownership, global ambition, non-consensus insight, patience across cycles, institutional operating discipline, a concrete emerging-market or cross-border edge and the ability to compound through product, strategy and go-to-market changes without merely chasing narratives.
No formal personal pass list is public. His interviews suggest concern with approval-heavy ownership, founders who pivot only to chase the latest narrative, short-term token thinking, weak market instincts, strategies with no Asia/U.S. or emerging-market edge, and emerging managers who cannot explain access, portfolio construction or how they will build a durable multi-fund franchise.
State whether the ask is a direct company investment, fund commitment or GP/management-company partnership. For companies, show team conviction, product, users, economics, token-versus-equity structure, regulatory and liquidity plan, target markets and why cross-border support matters. For managers, provide differentiated access, attribution, fund construction, ownership, operations, fundraising plan and the path to a durable franchise.
Combine direct founder exposure with emerging-manager relationships so each side expands differentiated insight, access and portfolio support for the other.
Test whether a company can translate U.S. innovation into Asian adoption or Asian product and distribution strength into U.S. capital, regulation and markets.
Distinguish adaptive execution around a durable founder insight from repeated narrative chasing that signals no owned thesis.
Evaluate emerging fund managers as company builders: sourcing edge, judgment, attribution, ownership, hiring, fundraising, operations and ability to compound across vintages.
Do not translate a disclosed fund or platform size into a promised per-company allocation; confirm check, ownership and reserves for the live vehicle.
No writing has been linked yet. Kit can search for posts, interviews, and fund essays worth reading before outreach.
Quote coverage is incomplete. Kit can look for direct comments on markets, founders, and investment criteria.
David Gan is the Founding General Partner of Inception Capital. He was previously a Managing Director at Huobi, an investor at Qiming Venture Partners and founder of Moshi. He has more than a decade of experience across venture capital, crypto and financial infrastructure and has built and scaled businesses across more than 140 markets. Based in New York with extensive Asia experience, he partners with globally trained founders building category-defining companies in emerging markets.