Tony Cheng, Managing Partner at Foresight Ventures, on Crypto Venture Capital 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