The Investment Journey of Legendary Female Figure in the Crypto World, Dovey Wan. Dovey Wan, whose Chinese name is 万卉, is the co-founder of Primitive Ventures and an early believer in Bitcoin. She is recognized as an insightful figure in the English-speaking crypto community and is revered as the 'Crypto Philosopher.' She is one of the few female investors who can navigate both the Chinese and English crypto worlds with ease, and she operates in a highly mysterious manner.
Investment Story: A Glamorous Transformation from Skepticism to Belief.
In 2013, Dovey Wan was working in VC in Silicon Valley and accidentally came across Bitcoin. In just three months, she transformed from a skeptic to a staunch believer. She bought her first BTC with $100 and resolutely left the traditional finance sector to embark on an 'ALL IN Crypto' life.
In 2017, she founded Primitive Ventures, focusing on early-stage project investments. While the market was frantically chasing DeFi, NFTs, and meme coins, she quietly invested in many 'obscure projects that no one understood,' such as Dfinity (later known as Internet Computer), Urbit (building decentralized computing infrastructure), and Cosmos (the 'underlying infrastructure' for cross-chain internet). Years later, these projects exploded, earning her tens of millions of dollars.
Success Logic: Cognition is the Highest Leverage.
Dovey Wan has a famous saying: 'I do not invest in trends; I invest in the underlying logic of trends.' She does not look at candlestick charts, chase popular coins, or follow public opinion trends. She analyzes blockchain trends from the perspective of philosophy, sociology, and even political theory, treating 'cognitive ability' as the highest leverage and investing in 'structural changes in the progress of human civilization.' She firmly believes: 'You cannot predict prices, but you can predict the direction of civilization.'
Wealth and Influence: The Low-Key Ruler Behind the Scenes.
Dovey Wan has a net worth of over a hundred million dollars, resides in the United States, and operates very discreetly. She does not take advertisements, does not promote projects, and does not issue coins, yet she is regarded as a spiritual mentor by OGs and VCs in the English-speaking community, with a single tweet capable of influencing investment trends. She resembles a 'female hacker in the Crypto world,' hidden behind the scenes but already having insight into everything.
However, in the eyes of some retail investors in the crypto community, Dovey Wan is a sharp and ruthless scythe, as the projects she is involved in tend to harvest significantly, which has led to criticism against her. Nonetheless, it cannot be denied that in the crypto world, cognition is the strongest alpha.