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From YouTube: Fenbushi Ecosystem Fund - Roland Sun
Description
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A
And
today,
on
behalf
of
ambush
capital,
I'm
so
honored
to
share
a
good
news
with
you
guys
about
or
propose
the
fun
investment
fund
in
collaboration
with
protocol
labs
in
terms
of
the
investment
in
the
rpfs
and
fico
ecosystem
yeah.
I
think
we
have
planned
this
for
a
few
weeks
and
have
been
discussing
with
brother
labs
about
that
initiative.
They
actually
they
are
quite
good
partner
to
work
with,
and
so
now.
Finally,
we
reach
agreement
that
we
should
proceed
with
such
a
dedicated
investment
fund
for
the
ipf's
ecosystem.
A
So,
generally
speaking,
we
will
manage
this
fund
that,
with
together
with
protocol
labs,
we
will
meditate
financially,
while
protocol
apps
will
be
the
technical
advisor.
Actually
you
know
they
are
crosstalk.
Labs
are
the
guys
who
make
the
call
technologically.
A
A
But
no,
we
think
those
things
are
just
far
from
enough,
in
our
view,
so
having
witnessed
the
the
unparalleled
growth
of
ethereum
over
the
past
five
years,
french
capital,
as
an
early
investor
of
ethereum,
now
is
similarly
you
go
to
participate
as
a
builder
in
phi
coin
system,
rather
than
just
the
financial
investors.
A
Actually,
we
look
forward
to
leveraging
our
deep
roots
in
the
crypto
space
and
the
finance
community
in
china
to
help
this
ecosystem
to
grow
beyond
just
mining.
So
that's
that's
why
we
feel
so
excited
to
work
with
prospero
labs
on
such
a
great
initiative
and
which
means
we've.
Now
we
find
somewhere
to
contribute
our
knowledge
and
expertise
in
crypto
investments
and
another
background.
A
The
information
that
you
guys
may
be
interested
to
know
is
that
actually
the
reality
in
china
is
that
the
chinese
government
and
some
leading
companies
in
china
they
are
they're,
really
interested
in
ipf's
ecosystem
yeah,
because
they
view
you
know
the
the
distributed
storage
system
as
a
trend
not
just
a
fed.
A
Therefore,
these
governments
and
the
leading
companies
are
really
willing
to
have
skin
in
the
game.
You
may
be
aware
of
some
news
in
china
that
some
leading
companies,
such
as
ali
huawei
and
even
ching
dong.
They
have
begun
to
embrace
the
ipf
system
in
their
data
storage
and
also
many
to
our
knowledge
of
many
local
governments
in
china.
They
are
also
welcome,
distributed
storage
solution
providers
to
deploy
their
business
operations
locally.
A
They
these
governments,
they
they
are
willing
to
provide
a
low-cost
internet
data
centers
to
those
business
operators
and
also
they
they
they
may
provide.
Even
you
know
some
tax
incentives
to
those
companies
if
they
they're
they're
involved
in
those
distributed
storage,
business
and
one
more
thing.
That
is
also
interesting,
and
maybe
some
somehow
a
bit
ironic
is
that
white
coin
is
even
more
famous
and
popular
than
bitcoin
in
those
tier
three
or
tier
four
cities
in
china.
A
Thanks
to
the
publicity
in
connection
with
ipfs,
although
you
know,
protocol
labs
have
never
officially
been
in
china,
norfolk
is
even
more
famous
than
the
bitcoin
and,
let's,
let's
now,
let's
go
down
to
the
details
of
this
investment
fund.
Actually,
the
fund,
according
to
our
plan,
lower
bm,
raise
the
fund.
All
the
funds
will
be
raised
raised
ex
exclusively
in
five
coins,
rather
than
any
stable
coin
or
bitcoin,
or
something
like
that,
because
initially
we
we
planned
the
two
raiser
funds
in
stable
coins
such
as
usdc.
A
In
terms
of
the
size
of
this
fund,
we
plan
to
raise
15
to
20
million
us
dollars
worth.
That
means
we
will.
We
we're
going
to
raise
about.
500
is
on
the
field.
A
And
about
ticket
size
for
investors
yeah,
we
definitely,
I
think,
a
one
million
worth
filled
in
the
ticket
size.
You
know,
of
course,
we
have
as
the
general
partner
famous
capital,
and
we
also
commit
this
amount
as
well,
together
with
other
limited
partners.
A
And
into
the
management
fee,
and
we
try
to
normally
adjust
to
two
percent
a
per
annum
and
also
we
charge
a
twenty
percent.
Accurate
interest
and
the
term
of
this
fund
will
be
five
plus
one
years,
so
typically
it
will
last
six
years.
We
need
the
first
five
years
to
invest
in
the
last
one
year
to
exit,
so
our
investments
will
include
both
token
and
equity
investments
worldwide,
not
limited
to
any
specific
jurisdictions,
and
I
want
to.
I
would
like
to
draw
attention
to
the
deal
sourcing.
A
Actually,
we,
we
have
primarily
three
sources
for
for
locating
those
investment
targets.
The
first
is
the
slingshot
program
initiated
by
portugal
labs
itself.
A
So
you
may
aware
that
you
may
be
aware
that
the
phase
one
of
the
slingshot
has
just
just
concluded,
and
there
were
more
than
100
projects
submitted,
who
have
submitted
their
applications
and
most
of
them,
as
per
our
knowledge,
that
they
very
early
stage,
but
we
do
have
identified
some
outstanding
ones,
and
some
of
them
have
been
awarded
the
data
cap
bonus
by
protocol
labs,
and
we
will
definitely
follow
them
up
with
a
view
to
the
funds.
A
Further
investments
in
downward
down
the
road
and
second
source
is
is
about
the
singapore-based
accelerator,
which
is
co-founded
by
longhash
and
proto
labs
in
singapore.
I
think
that
the
campaign
is
called
five
coin.
Frontier
accelerator
actually,
longhash
is
a
is
a
world
famous.
You
know
world
famous
crypto
space
accelerator,
they
are
based
in
singapore
and
also
we
are
one
of
their
shareholders.
A
Now
we
have
been
working
with
them
very
closely
over
the
last
few
years
and
therefore
committed.
We
also
committed
to
a
certain
funding
of
the
best
projects
which
may
be
identified
by
this
campaign.
A
So
far
they
have
received
more
than
you
know,
150
applications
from
projects
worldwide
in
terms
of
ipfs
and
5coin,
and
I
believe
that
they
will
have
around
10
projects
on
board
by
january
next
year.
So
I
I
think,
as
they
are,
all
of
them
are
supposedly
our
investment
targets
and
also
the
third
source
of
our
deals
may
come
from
the
chinese
community.
A
The
chinese
community
says
they
are
not
just
mining
fight
coin
but
also
they
also
help
them
respective
team
is
developing
commercial
applications
using
ipfs.
A
So
some
of
them
have
approached
us
in
the
last
two
months,
so
they
are
they're
quite
interested
to
submit
their
applications
to
to
our
to
this
fund.
A
Actually,
definitely
we
will
keep
an
open
eye
on
them
and
finally,
I
would
like
to
talk
about
the
timetable
of
this
fund,
this
investment
fund
in
terms
of
this
fund,
that
we
should
for
closing
the
fund
rating
by
the
end
of
january
next
year
or
early
february.
A
So
that
means
in
the
next
few
weeks
we
will
start
fundraising
with
potential
investors
and
we
scheduled
a
legal
paper
work
to
be
signed
in
in
february
next
year,
and
I
have
all
the
legal
structures
set
up
fully
set
up
by
before
march
2021,
so
it
is
planned
that
the
fund
will
will
start
to
launch
in
march
2021..
A
So
far
we
have
just
started
the
preliminary
fundraising
discussions
with
a
few
investors
in
in
in
the
space.
So
I
think
we
will
double
our
effort
in
the
following
months
and
to
to
have
the
funds
in
place
as
soon
as
possible.
Yeah,
that's
all
I
would
like
to
share
today.
Thank
you.
Thank
you.