From a background synonymous with miserable financial life, Chance Du rose from her pitiable condition to an admirable status through cryptocurrency investment.
Chance Du Odyssey Into Wealth
The emergence of cryptocurrency in 2009 has created a niche for all and sundry to earn a living. Over the past years, many millionaires and billionaires alike have been made through the venture. The nascent industry is accommodating entrepreneurs that are determined and ready to invest wisely, giving a chance to turn their fortunes around in the industry.
One of the many that have seen their fortunes turn to the better and the best in the industry is Chance Du. She is a Chinese migrant to the United States; lacking proficiency in English as a result of poor education, and also from a humble background from a village in China. She has conquered these odds to reach an enviable status.
Chance is the founder and CEO of Coefficient ventures a global blockchain fund that is focused on the equal allocation of capital to innovations in the blockchain industry. Her investments include; Zeppelin, Thunder, Nucypher, Mycrypto, Certik, Numeriai, Urbit, Tari, Origo, Tomo, IoTex, Perlin, Libra, Mainframe, TTC and over 30 other investments globally.
Chance’s Little Beginning
Chance was born in a rural commune in Sichuan Province in China, to a family that earns $3,000 in a year. She was determined to turn the financial condition of her family around by obtaining a qualitative education. But her dream was shut down by rejection from the top universities in China.
Despite the rejection, she was still resolute at the age of 21 to start a firm and save towards moving out of her local domain for greener pastures.
In 2015 she had a rare opportunity in coming in contact with the world of venture capital investments through a VC conference in Beijing and was inspired by the speaker to thread the path.
After earning to migrate to the US; she battled the difficulty of language, the foreigners status, and learned through meeting individuals in the venture capital field and read more as she survived living in an Airbnb bunk bed for several months. Her condition made her not employable in most firms.
However, with her resoluteness, she invested her savings in 25 different projects. Later, she started coefficient ventures in September 2017, with an initial investment of $200,000 in 30 other investments. She had a yield of $20 million in the crypto asset at its peak.
Tips for Investing and Future Plans
What determines a venture to invest in according to Chance is the team behind a cryptocurrency project. She stated that reputation is significant in the blockchain industry.
Meanwhile, she plans to expand into the Asian market, as she noted the wide gap between the western market and the eastern market that she is ready to bridge.