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<ul class="wp-block-list news-points">
 <li>Inception Capital investors voted to wind down the fund after founder David Gan went silent for over a month during a family crisis.</li>
 <li>David Gan returned but agreed to step back from his role, leaving Inception Capital’s future uncertain amid paused investments.</li>
 <li>Despite challenges, Inception Capital plans to propose deploying the remaining 25% of unallocated capital to investors in October.</li>
</ul>
Inception Capital, an $80 million crypto fund supported by prominent investors, has started the process of a <a href="https://fortune.com/2024/09/23/david-gan-op-crypto-fund-inception/" target="_blank" rel="noopener noreferrer nofollow">controlled wind-down</a>. The decision was made after its founder, David Gan, went silent following a trip to China to assist with a family matter.&nbsp;
Gan, a former Huobi executive and a Forbes 30 under 30 Asia honoree, originally raised $50 million for his venture fund, OP Crypto, in 2021. His fund grew, reaching nearly $100 million in assets under management by early 2024. But, Gan’s unexplained disappearance put investors in a difficult position, forcing them to take steps.
<h2 class="wp-block-heading" id="h-founder-s-absence-raises-concerns">Founder’s Absence Raises Concerns</h2>
Gan’s sudden disappearance caused alarm among the fund’s limited partners (LPs). In May, he informed his investors that he was heading to <a href="https://coinedition.com/china-cracks-down-on-crypto-pyramid-scheme-victims-reimbursed/" rel="noopener noreferrer nofollow">China</a> due to an …
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Crypto Fund Inception Capital Winds Down, Founder Missing

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