ChainCatcher reported that according to Fortune, Inception Capital founder David Gan informed investors in May last year that his father was under investigation and he was traveling to China, after which he went missing for several months.

During that time, investors were unhappy with his "disappearance" and voted to close the fund. In late June, Gan reappeared and agreed to relinquish some key responsibilities. Gan said the fund was operating well and he had resumed his daily work.

It is known that Gan was included in the "Forbes 30 Under 30 Asia" list in 2019 for his work as Managing Director at Huobi Labs. He left Huobi in 2021 and raised his first $50 million venture capital fund backed by prominent figures like Bill Ackman, Alan Howard, Y Combinator CEO Garry Tan, and Galaxy. He closed his second $30 million fund in 2024. According to US Securities and Exchange Commission documents, Inception managed close to $100 million in assets.