Los Angeles, Might 25, 2022 (GLOBE NEWSWIRE) — Shixuan “Jimmy” Cai acquired the coveted Hurun’s 2021 US Innovation Excellent Award. One of many world’s main analysis organizations, Hurun was based in 1999.
Hurun US Innovation Excellent Awards 2021 takes particular efforts to recognise and honour innovation, in addition to to convey to the forefront leaders who introduce new issues, new strategies, new paths, extra advantages, and all the things else that innovation brings to society.
Journey Behind the Solana Angel Investor Jimmy Cai
In all of 28 years, Jimmy Cai has invested in 25 start-ups in 5 years.
These embody Solana, which is a blockchain platform with greater than $16 billion in market worth on the time of writing. His achievements should not about his sheer ‘luck’ however reveal much more.
The cryptocurrency market has been booming with common value shoot-ups and an growing variety of customers on Ethereum. This scalability meant community congestion and elevated fuel charges. This attracted the curiosity of a number of public blockchains—Solana was certainly one of them. Solana, the quickest rising Layer 1 blockchain, has the main focus of fixing the scalability challenge. The community processes 50,000 transactions per second (TPS) and gives a 400-millisecond block time. Its ecosystem is now valued at $110 billion.
Being an angel investor of the platform Cai mentions:
“There have been many alternative groups engaged on Layer1, and most of them had been attempting to enhance the effectivity of the blockchain community via sharding or consensus mechanisms comparable to PoS (Proof-of-Stake) whereas Solana created an revolutionary consensus mechanism referred to as Proof of Historical past.”
This meant uncertainty however Jimmy went forward along with his funding in Solana amidst the uncertainty. This turned out his greatest and most worthwhile funding.
His Early Days
Cai desired a profession as a programmer for a number one tech firm. However future took its flip as he got here into contact with many native start-ups and enterprise capital funds. He ventured in investments like Honey Science Company, which was later acquired by PayPal for a whopping quantity of $4 billion. That is how he began his funding journey and by no means regarded again.
Within the subsequent few years, he made probably the most of each alternative that got here his means. As he moved to San Francisco, he began constructing his connections with prime enterprise capitals like Sequoia.
In an interview, Cai talked about – “Along with the getting-rich tales within the enterprise capital trade, I’m additionally fascinated by the unpredictability of the altering funding developments.”
He talks about his preliminary curiosity and curiosity that later grew to become his motivation and keenness that saved him transferring.
The Yr of Pandemic and How Jimmy Cai Modified His Technique
The 2020 pandemic introduced a number of modifications everywhere in the world. Cai additionally determined to vary his funding technique and commenced investing within the secondary market. Maintaining in thoughts the potential dangers, Cai determined to undertake a conservative strategy. He joined Ying Fund and have become a restricted companion of Race Capital.
When requested concerning the modifications that one must count on within the post-pandemic scenario, Cai says – “In my view, the primary aim in 2022 can be decreasing inflation. Within the US, the present epidemic is uncontrolled and the nation appears to be on its approach to herd immunity. The Omicron variant is posing new challenges to labor markets and international logistics, and “reverse globalization” and geopolitical pressures attributable to the epidemic would be the new regular.”
For individuals who are simply beginning, Cai has a phrase of recommendation. He says that buyers ought to by no means comply with developments however research and concentrate on the potential of the market in the long term. He cautions children and mentions that children have to know that point is effective, and one wants to speculate their time in decisions that they are going to pursue all through their life. Any early-stage investor ought to all the time take into consideration the potential of the corporate and the connection it has with the buyers.
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