The founder of Inception Capital has been missing for several months and has appeared, agreeing to relinquish some key responsibilities of the company

BlockBeats News: On September 19th, according to Fortune, David Gan, founder of Inception Capital, lost contact with investors for several months, triggering a fund liquidation storm. It is reported that in May 2023, Gan informed investors via email that he would go abroad to assist in the investigation, and subsequently lost contact with the investors. Gan was included in Forbes Asia's 30 Under 30 list in 2019, and in 2021, he raised his first $50 million venture capital fund with investors including well-known figures such as Bill Ackman and Alan Howard. In 2024, he raised another $30 million in funds. According to documents from the US Securities and Exchange Commission (SEC), Inception Capital manages nearly $100 million in assets. During the investor vote to liquidate the fund at the end of June this year, Gan reappeared and agreed to relinquish certain key responsibilities of the company. Currently, Inception is working with limited partners (LPs) to develop a transition strategy. Gan said in a statement, "The team has served our LP and investment company excellently. Now that the fund is operating well, I have resumed daily work for several months. From the beginning, everything we have done has been for the best interests of the LP