Chris McCann
Apr 17 · 4 min read

Together, we have been investing, advising, and building companies for decades in both the blockchain, and mobile internet industry. The three of us are now coming together to partner with purpose-driven entrepreneurs who are building meaningful companies that will drive long term societal change across the world.

We believe that real mainstream adoption of applications in this space will first come from emerging countries and Asia where the populations are digitally native, challenges are more acutely felt, and existing infrastructure is less developed.

Proof of Capital will focus on supporting founders who share our ethos and global perspective. A few of the market areas we are most excited about are fintech (payment, remittance, custody, wallet), infrastructure (security, privacy and identity), hardware and consumer layers of the blockchain ecosystem.

In addition to capital, we will also actively support our portfolio companies through customer and business development, marketing, branding, and help build strategic partnerships focusing on distribution. With that, we are proud to announce our partnership with the HTC Exodus, the world’s very first phone that empower users to own their private keys via a native secure enclave built into the phone. Together with Proof of Capital, we have deep experience in the hardware layer of the blockchain ecosystem with products that reach hundreds of millions of people and key distribution into the mobile layer of the blockchain ecosystem.

The three founding partners of Proof of Capital include:

Phil Chen
Phil Chen is the Decentralized Chief Officer at HTC and original creator of the HTC Vive and HTC Exodus product lines. He was previously a managing partner at Presence Capital and advisor to Horizons Ventures. He sat on the board of over 15 companies around the world including Improbable, Soul Machines, and Kneron, among others.

Chris McCann
Chris McCann previously founded and led the community program at Greylock Partners, early investors of Facebook, LinkedIn, Airbnb, Dropbox, Coinbase, and more. Chris invested in numerous blockchain networks, including early positions in Bitcoin, Ethereum, Binance, 0x, Stellar, Solana, etc. He co-founded the media company StartupDigest (acquired by TechStars) and created RelayNode, one of the largest media publications covering the blockchain industry covering Silicon Valley and major tech hubs worldwide.

Edith Yeung
Edith Yeung is a venture capitalist, technology executive, and the creator of the China Internet Report. As the China partner at 500 Startups, Edith invested in more than 40 cross-border mobile, AI and blockchain startups including Silk Labs (acquired by Apple), Fleksy (acquired by Pinterest), Human (acquired by Mapbox), AISense, DayDayCook, AppOnBoard, Hooked, Oasis Labs, Stellar, Solana, Cocos-BCX, Palantir, etc. Edith also worked with many Fortune 500 companies including Siebel, AMS, AT&T Wireless and Autodesk.


In addition to our core team, we are very fortunate to be supported by an all-star team of advisors including Greg Kidd (Former Chief Risk of Ripple), Howard Wu (zCash), Dominic Williams (founder of Dfinity), Dawn Song (Berkeley professor and founder of Oasis), and Kas Vardhanabhuti (former trader at the George Soros Fund).

Last but definitely not least, we couldn’t have done this ourselves. It takes a village to build a top-tier firm and we want to give a a big special thank you to Cher Wang, Wenchi-Chen, Formosa Plastics, Jack Yeung, Margaret Wang, Steve Chen (founder of YouTube), Kevin Lin (co-founder of Twitch), all of our advisors, and all of our families :)

Plus the many firms and individuals who wish not to be named. Thank you all for believing in us!

This is just the beginning. We’ll be announcing some of our recent investments and sharing more of our perspectives across all of our channels. Be sure to follow us to stay up to date:


Proof of Capital

Proof of Capital is a blockchain focused venture capital fund. Our emphasis is on real adoption and global distribution with a particular focus on Asia and emerging economies.

Chris McCann

Written by

General Partner @ProofofCapital, former community lead at Greylock Partners, founder of RelayNode & StartupDigest

Proof of Capital

Proof of Capital is a blockchain focused venture capital fund. Our emphasis is on real adoption and global distribution with a particular focus on Asia and emerging economies.

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