Chinese Hedge Fund Manager Unveils Decentralized Ecosystem to Democratize Traditional Venture Capital

Bing Lin, a Chinese hedge fund manager, had decided to leverage blockchain technology by unveiling a decentralized blockchain ecosystem known as SuperNode Community (SNC). The decentralized blockchain platform is meant to democratize the traditional venture capital model for businesses.

Speaking about the potential of blockchain technology as well as the new platform, Lin explained:

“Blockchain’s potential in the venture capital game has yet to be realized. By streamlining the end-to-end seed incubation process, we envision that SNC will become the gateway to truly democratize access to opportunities in the venture capital space that have typically been out of reach for those who are not sophisticated institutional investors or high-net-worth individuals.”

The new SNC ecosystem is designed to offer a long-lasting solution to the highly centralized venture capital model by simply allowing all participants to access a bigger number of promising startups. Through the platform, it’s possible to make better incubation decisions by utilizing crowd wisdom.

According to Ryan Sungho Kim, a partner of CV, Hashed:

“Naturally, in the fragmented Asian market, VCs face significant hurdles around finding quality early-stage deals. Performing due diligence on projects can also be a challenge as qualifying blockchain solutions often requires in-depth expertise in the domain. SNC’s holistic solution tackles both these pain points and helps to instill confidence by using an ecosystem-approach.”

Apart from helping blockchain businesses tap into capital, the SNC ecosystem will also offer incubation support for many projects right from ideation all the way to execution. According to Mr. Lin ‘startups also benefit from this model by gaining access to the right funding, strategic resources and expertise to launch their projects.’

Participants in the SNC ecosystem will be able to back ‘SuperNodes’ or simply domain experts to act on their behalf, performing due diligence in order to vet blockchain startups that are applying to get funding. This will be possible through a workable voting mechanism.

Once participants back a domain expert, an Incubation Committee comprising of around 21 SuperNodes will then step in to make the crucial decision of whether a startup will be approved for incubation. If one manages to go through, funds will be distributed and allocated through the SNC’s Foundation.

Bing Lin brings to the table his rich experience and a successful track record when it comes to hedge fund management. He has been in the industry for long enough, stemming from his ‘Tiger-Style’, a research on investment strategy he headed. In 2017, the man made headlines by raising one of the biggest NASDAQ-listed cash shell businesses sponsored by an Asian team.

Before starting this new project of SNC, Lin worked as a managing director of a Hong Kong-based company known as CM Asset Management, where he was in charge of building and leading a team.

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