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Spartan Group, DeFiance Capital Alum Launch Web3 Fund in Singapore

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Jason Choi and Darryl Wang have announced the launch of Singapore-headquarted web3 fund Tangent Ventures – an “angel collective designed to help founders navigate the crypto landscape.”

Choi, the host of podcast Blockcrunch, was previously the GP of Spartan Capital, while ex-JP Morgan investment banker Wang was also previously principal at DeFiance Capital.

According to a Twitter post by Wang, Tangent aims to “combine the best of what Web 3 has to offer with investing structures from Web 2.”

According to the fund’s deck, Tangent will make three to five investments per batch, providing media, technical, legal and auditing resources for its startups, with no management fees.

Applications are open for the current round, until 31 July.


Hong Kong Cracks Down on Worldcoin's Data Collection Practices

Hong Kong Cracks Down on Worldcoin's Data Collection Practices

Authorities found that Worldcoin failed to adequately inform users about the collection of their personal data and did not obtain their informed consent. Worldcoin also retained user data for extended periods beyond what was necessary and did not provide a Chinese translation of its privacy policy.