AC Ventures: Revolutionizing global digital disrupters
Andy is a dynamic senior executive with strategic mindset and global leadership experience on the internet, digital, e-Commerce and blockchain industry across Asia Pacific. His well-rounded skills in P&L management, sales & marketing, operations, and people management, coupled with solid track record in transforming businesses has helped him deliver high performance and results. He is the founder of AC Ventures, an early-stage blockchain venture fund that focuses on investing in digital disruptors. In an interview, he speaks on an array of topics. Excerpts:
Conception of ACV
Says Andy that people are flooding into the blockchain industry. There are a lot of talented people and team who have great ideas but lack resources to execute. They need both capital and technological support, and we can offer both. “We have been in the industry for years, and with my experience as the COO and a founding member at OKX, I have the expertise, resources and network to offer projects advice that led to their success. AC Ventures is established supercharge visionary founders and disrupt the blockchain industry.”
Fintech – Bolstering innovation
Fintech makes banking services accessible to all. Observes this entrepreneur that everyone undergoes a learning curve phase, but to improve our lives, we must adapt and evolve. “Education will be crucial to prevent scams and crimes who exploit this opportunity. While governments may not be actively leading the initiative, blockchain companies and advocates have the responsibility to drive and educate the public.”
AC Ventures – The solutions
As a strong advocate of blockchain and cryptocurrencies technology, AC Ventures invest in wild hearts of blockchain technologies, driving mass adoption of blockchain and crypto globally. “We supercharge ambitious blockchain founders by leveraging our insights, network, and access to capital. Our team is an eclectic mix of experienced entrepreneurs, investors, and builders based in USA, Europe and Asia.”
Leadership traits
Andy finds learning agility and courage two important traits for entrepreneurs. “New protocols emerge daily; you must be a quick learner in this industry and excel in unfamiliar circumstances. With all the innovations and new technology, you will also need the courage to step up and lead the team to the right direction.”
He asks leaders to rely on their knowledge, and previous successful experience. Calling himself bold, Andy says he isn’t afraid to try new things. “You have to step out of the comfort zone and take risks to face challenges. Andy urges entrepreneurs to trust their ability. You prepare as much as you can, but you need to be brave enough to act rather than being a sitting duck. Follow your intuition and have clarity on the voice inside your heart, but make sure it’s leading you in a direction that feels bigger than yourself. Follow your vision and trust the process.”
Andy also stresses on the need to have a plan. “Even things change so quickly in the blockchain space, you still need a plan. If you fail to plan, you are planning to fail. Go into details. How would you get your first 10 users? Then 100 users? These questions will force you to think, and better understand your business.”
Company: AC Ventures
Website: www.acventures.io
Management: Andy Cheung, Founder
Founded Year: 2020
Headquarters: Victoria, Seychelles
Description: AC Ventures invests in, builds, and incubates blockchain and web3 projects.