Angel investor Shixuan “Jimmy” Cai tells why Web 3 is the future and offers insights on good investments
Los Angeles, May 30, 2022 (GLOBE NEWSWIRE) -- Web 3 and Blockchain applications seem enticing for multiple individuals. Many even invest in some projects, but not everyone acquires success. As Web 3 continues to become the future of the internet, making the right investments early on can offer success and profits. Koi Trading co-founder Shixuan “Jimmy” Cai explains how to differentiate a good and bad investor while giving insights on his investments and other trade secrets.
"True God is the one who does not play with dice,” says “Jimmy” Cai.
A Los Angeles graduate, Cai is the co-founder and general manager at Koi Trading, a Cryptocurrency OTC trading platform. He is also an investor in more than 25 fintech and crypto projects like Solana. Cai also has limited partnerships (LP) for different crypto hedge funds since 2017.
A successful business angel in the cryptocurrency world, when asked about what he does exactly, Cai said, “I sell shovels to gold rushers in the crypto world.”
He has received multiple prestigious awards while he is still 28. Some of the notable honors include Hurun’s 2021 US Innovation Outstanding Awards awarded to Cai in November 2021 for his contribution to the US information technology field.
Cai holds a degree in electronics engineering which forms the roots of his crypto projects investment choices. The investor was keen on pursuing a career as a programmer however, during his initial days at college he was approached by multiple local startups, and venture capital funds in L.A. Cai got involved in a few SPV investments then and ever since has never looked back. One of the companies was Honey Science Corporation, which PayPal took over for $4 billion.
After college, he became one of the first employees of the fast-growing fintech startup Huobi US. Through networking and offline events hosted by various investment institutions and incubators, he made connections with leading venture capitalists such as ZhenFund, Sequoia, 500 Startups, etc., which convinced him of his decision to follow the investor path.
When asked how investors can ensure their company is a success like Solana, valued at $110 billion. Cai says, “Solana did not succeed in the two ups. We (company investors) had to take risks and use new business methods as opposed to the usual ones.”
Cai explained how many entrepreneurs tried to achieve higher results through consensus mechanisms (Proof-of-Stake) and sharding in the blockchain development ages.