We are continuing our series of interviews with funds that have invested into Choise.com. This time we are covering DEX Ventures, an investment fund focused on supporting FinTech projects and often providing long-term strategic partnerships.
We sat down to have a conversation with Aurora Wong, the Founding Partner at DEX Ventures. Below is the record of our conversation:
– Tell us about your portfolio, what projects does it consist of?
We focus on investing in crypto projects that help develop the industry overall. Mainly we look at the Web3 sector, including projects that develop Web3 infrastructures and applications, and design new Layer1 blockchains to expand the DeFi ecosystem.
Aside from those, we also keep an eye out for NFT-related projects, companies that are looking to make it in the GameFi sector, and DAOs. The bulk of our portfolio, though, is comprised of infrastructure projects.
– How do you choose your projects? What do you pay attention to first of all when making a choice? What strategies do you use for your investments?
When making an investment decision, we put the greatest value in the founding team of the project. Their backgrounds and expertise are what ultimately decides if the project is going to sink or swim.
At DEX Ventures, we have a team of research experts from across the world. They all have diversified backgrounds, though primarily centered around finance and technology. With their help DEX Ventures can thoroughly evaluate projects and select the ones that demonstrate great potential.
Additionally, through our international team and network of more than 1000 co-investors, incubators, and founders, we get to have access to early-stage blockchain startups globally.
– Why did you choose Choise.com for investment? What were the main factors that influenced your decision: maybe the team, project capitalization, the number of issued coins?
As previously mentioned, we take the founding teams of projects very seriously. If they have the mentality to stand out and bring their project to the next level, to deliver a unique, high-quality product to the market, then we are more likely to put our attention and resources into helping such people.
We believe the core team of Choise.com deeply understands the Web3 sector, and has shown a good track record and competence with blockchain technology and finances. They have an idea that works well in the crypto market - easier access to a great variety of financial products and earning opportunities is something that many people want. And the Choise.com team members are willing to put in the long-term effort to get the results they want.
For these reasons, we were confident about our decision to invest in Choise.com.
– How do your expectations for investing in crypto projects differ from classic venture investments?
The most important difference is that the crypto sector is still in its early stages of development. We clearly understand that the crypto/blockchain space we focus on is much more volatile and riskier than classic venture investments.
But we also believe that this is the future of the financial world, and that it has exponential growth potential. With our experience, knowledge and network accumulated throughout the years, we try our best to select solid projects and lower potential risks.
– Is Crypto Winter a time to invest or take a break?
In our opinion, a crypto winter is the perfect time to seek out new projects to invest into. Based on our experience in the previous cycles, the bear market has always been a better time to explore good projects. This is due to the fact that serious players are the ones to stand out, while the weaker, lower-quality projects tend to expire early on in harsher conditions.
Another reason why a crypto winter is a good time to invest is because we can do so at a lower valuation. By supporting a promising project early on, it has greater chances to achieve once the bear market passes. Essentially, it’s the principle of making friends with time. We have always been in favor of establishing long-term strategic partnerships with the projects we invest in.
About DEX Ventures
DEX Ventures is an investment fund focused on FinTech, with its mission to drive healthy and sustainable growth in the global Fintech ecosystem. It actively works as a long-term strategic partner to its portfolio projects.
Choise.com is a leading crypto firm and earn marketplace. It stands out by combining promising income-gaining solutions such as staking, yield farming, liquidity pools, interest accounts, etc. into a unified, integrated ecosystem.