Decentralized VC: Hedge Fund Launches SuperNode Community a Blockchain Ecosystem for Greater Access to Startups

Former MD of China MinSheng Asset Management, Bing Lin, has launched a new blockchain powered “SuperNode Community” ( SNC). The ecosystem is said to be deisgned to “democratize the traditional venture capital (VC) model for startups.”  SNC wants to  be the first stop and gateway for every blockchain startup to access funding.

Lin has more than 16 years of finance experience in managing funds of up to US $2 billion. China MinSheng is a listed firm trading on the Hong Kong Exchange.  SuperNode is based in Singapore.

Lin believes that blockchain has a potential in the venture capital that 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,” says Lin.

SNC’s ecosystem aims to be the solution to the highly centralized VC model by allowing for participants beyond the traditional network to access a greater number of promising startups. SNC believes it can “better incubation decisions can be made by leveraging on crowd wisdom,” from ideation to execution.

“Startups also benefit from this model by gaining access to the right funding, strategic resources and expertise to launch their projects,” adds Lin.

As explained in a release from the new firm, via a voting mechanism, SNC’s participants can back domain experts known as “SuperNodes” to act on their behalf to perform initial due diligence and vet blockchain startups applying for funding. SNC will have an “Incubation Committee” made up of 21 SuperNodes which will then jointly decide on whether a project will be approved for incubation. Once chosen, funds will be allocated and distributed through SNC’s Foundation.

“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,” explains Ryan Sungho Kim, Partner of VC, Hashed.

Reportedly, Lin brings a successful track-record of hedge fund management experience stemming from his fundamental research-driven, “Tiger-style” value investment strategy. In 2017 Lin raised one of the largest NASDAQ-listed cash shell companies that was sponsored by an Asian team.

Lin’s past experience includes managing a US $500 million China-focused active equity fund for State Street Global Advisors and performing fundamental investment research on Greater China companies at Joho Capital, LLC, the New York-based firm founded by ‘Tiger Cub’ Robert Karr.



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