Building Legacy & The Future of Finance w/ Steve Chen & Jack Fu, Draco Evolution episode artwork

EPISODE · Aug 1, 2024 · 26 MIN

Building Legacy & The Future of Finance w/ Steve Chen & Jack Fu, Draco Evolution

from Billion Dollar Moves™ with Sarah Chen-Spellings | Global Venture Capital · host Sarah Chen-Spellings

This week's episode is proudly presented by Tatler Gen.T. Join us for an exclusive conversation recorded live at the New York Stock Exchange with Jack and Steve, the visionary co-founders of Draco Evolution Corp.  On July 12th, We were on site to celebrate the groundbreaking launch of their AI-driven ETF, now trading on the NYSE. From the electrifying atmosphere of the closing bell ceremony to their journey of building global startups across Taiwan and Asia, and the innovation behind the Draco ETF designed to shape the future of finance—we cover it all in this episode.  Don’t miss this deep dive into the future of finance! TIMESTAMPS / KEY TAKEAWAYS 0:00 - Intro 02:18 - Draco Evolution at the NYSE Closing Bell Ceremony for their first ETF listing 03:16 - Jack’s new chapter; Draco ETF: technology and risks 06:47 - Steve’s moves back to Taiwan after YouTube; why Draco ETF? 11:09 - The partnership; hedge fund background versus consumer-focused strategies 15:31 - What’s next for Draco? 20:07 - Building a global company from Taiwan; “they read about all the financial news and what are the ways and the bridges that we can connect outside of our island or outside of our Asia region?” 22:54 - Lessons learned; “sometimes we focus on what we know, but we just have to leave our comfort zone,” Read more on: DRACO EVOLUTION’S STEVE CHEN AND JACK FU ON BUILDING LEGACY AND THE FUTURE OF FINANCE | Tatler Gen.T About Draco Capital Partners In 2020, Jack Fu partnered with YouTube co-founder Steve Chen to establish Draco Capital Partners. They developed low-volatility artificial intelligence investment strategies with a team of economists and engineers, shaping the fund’s operational policies. Since its founding, the team have managed over US$220 million in funds, achieving remarkable investment results. Draco Capital Partners goes public on the New York Stock Exchange in early 2024, introducing two products: AI Active Management ETF (DRAI ETF) and AI Matched Quantitative Trading Platform. The former employs AI for intelligent investment, offering unique growth opportunities and risk protection for investors through AI technology and active management strategies. The latter provides a platform for investment strategy experts and general investors to share professional knowledge and innovative investment tools, creating a unique and open quantitative investment ecosystem, bringing more opportunities and value to both parties. More on: https://www.dracocp.com/ ABOUT JACK FU Managing Director, Draco Capital Partners Prior to founding Draco Capital, Jack was the Pacific Rim Managing Director of All Sun Group, where he managed a portfolio of $1.8 billion. Previously, Jack was a Senior Financial Consultant at Linsco & Private Ledge managing family offices and institutional clients. Jack began his career as a Financial Advisor at Union Bank Investment Services. ABOUT STEVE CHEN Managing Partner & Chief Technology Officer, Draco Capital Partners Steve builds massive strategy data center for Draco, provides algorithm, and leads the programming process for investment strategies and trading. Steve was the co-founder and Chief Technology Officer of YouTube. He was instrumental in building YouTube into a viral video phenomenon. He helped lead YouTube through the Google acquisition for $1.65 billion less than a year after launching the site. From 2014-2016, Steve served as an Entrepreneur in Residence at Google Ventures. - PODCAST INFO: Podcast website: https://billiondollarmoves.com Watch on Youtube: https://tinyurl.com/sarahchenglobal Join the community: https://sarah-chen.ck.page/billiondollarmoves FOLLOW SARAH: LinkedIn: https://linkedin.com/in/sarahchenglobal Instagram: https://instagram.com/sarahchenglobal Twitter: https://twitter.com/sarahchenglobal

This week's episode is proudly presented by Tatler Gen.T. Join us for an exclusive conversation recorded live at the New York Stock Exchange with Jack and Steve, the visionary co-founders of Draco Evolution Corp.  On July 12th, We were on site to celebrate the groundbreaking launch of their AI-driven ETF, now trading on the NYSE. From the electrifying atmosphere of the closing bell ceremony to their journey of building global startups across Taiwan and Asia, and the innovation behind the Draco ETF designed to shape the future of finance—we cover it all in this episode.  Don’t miss this deep dive into the future of finance! TIMESTAMPS / KEY TAKEAWAYS 0:00 - Intro 02:18 - Draco Evolution at the NYSE Closing Bell Ceremony for their first ETF listing 03:16 - Jack’s new chapter; Draco ETF: technology and risks 06:47 - Steve’s moves back to Taiwan after YouTube; why Draco ETF? 11:09 - The partnership; hedge fund background versus consumer-focused strategies 15:31 - What’s next for Draco? 20:07 - Building a global company from Taiwan; “they read about all the financial news and what are the ways and the bridges that we can connect outside of our island or outside of our Asia region?” 22:54 - Lessons learned; “sometimes we focus on what we know, but we just have to leave our comfort zone,” Read more on: DRACO EVOLUTION’S STEVE CHEN AND JACK FU ON BUILDING LEGACY AND THE FUTURE OF FINANCE | Tatler Gen.T About Draco Capital Partners In 2020, Jack Fu partnered with YouTube co-founder Steve Chen to establish Draco Capital Partners. They developed low-volatility artificial intelligence investment strategies with a team of economists and engineers, shaping the fund’s operational policies. Since its founding, the team have managed over US$220 million in funds, achieving remarkable investment results. Draco Capital Partners goes public on the New York Stock Exchange in early 2024, introducing two products: AI Active Management ETF (DRAI ETF) and AI Matched Quantitative Trading Platform. The former employs AI for intelligent investment, offering unique growth opportunities and risk protection for investors through AI technology and active management strategies. The latter provides a platform for investment strategy experts and general investors to share professional knowledge and innovative investment tools, creating a unique and open quantitative investment ecosystem, bringing more opportunities and value to both parties. More on: https://www.dracocp.com/ ABOUT JACK FU Managing Director, Draco Capital Partners Prior to founding Draco Capital, Jack was the Pacific Rim Managing Director of All Sun Group, where he managed a portfolio of $1.8 billion. Previously, Jack was a Senior Financial Consultant at Linsco & Private Ledge managing family offices and institutional clients. Jack began his career as a Financial Advisor at Union Bank Investment Services. ABOUT STEVE CHEN Managing Partner & Chief Technology Officer, Draco Capital Partners Steve builds massive strategy data center for Draco, provides algorithm, and leads the programming process for investment strategies and trading. Steve was the co-founder and Chief Technology Officer of YouTube. He was instrumental in building YouTube into a viral video phenomenon. He helped lead YouTube through the Google acquisition for $1.65 billion less than a year after launching the site. From 2014-2016, Steve served as an Entrepreneur in Residence at Google Ventures. - PODCAST INFO: Podcast website: https://billiondollarmoves.com Watch on Youtube: https://tinyurl.com/sarahchenglobal Join the community: https://sarah-chen.ck.page/billiondollarmoves FOLLOW SARAH: LinkedIn: https://linkedin.com/in/sarahchenglobal Instagram: https://instagram.com/sarahchenglobal Twitter: https://twitter.com/sarahchenglobal

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Building Legacy & The Future of Finance w/ Steve Chen & Jack Fu, Draco Evolution

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This episode was published on August 1, 2024.

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This week's episode is proudly presented by Tatler Gen.T. Join us for an exclusive conversation recorded live at the New York Stock Exchange with Jack and Steve, the visionary co-founders of Draco Evolution Corp.  On July 12th, We were on site to...

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