Michael Onghai
Director at MGT Capital
New York, New York
Overview
Work Experience
Co-founder, Founder CEO, Chief Investment Officer
2012 - Current
• Implemented value investing principles in general industries and blockchain and fintech sectors, leading to successful seed investments in Coinbase, Fundersclub, and Wire.network. • Own and sold stakes in real estate holdings and industrial companies in the USA, focusing on long-term value creation • Leveraged software engineering background to identify and capitalize on opportunities in the tech industry.
Member Of The Board Of Advisors
2021
General Partner
2020
• Managed a portfolio of blockchain companies in their growth phase, focusing on trading and investing in top 200 altcoins, cryptocurrencies, equities, options, and futures. • Collaborated with Enzo Villani to establish Alpha Sigma Capital, a blockchain-focused hedge fund in Los Angeles, California. The general partners include Michael Terpin. • Achieved significant returns on investments through active investing strategies and leveraging crowd mispricing of publicly tradable instruments.
Panelist and Seed Investor
2012
• Evaluated and selected innovative startup ideas for FundersClub's VC platform. • Collaborated with a team to make strategic decisions on seed investments. • Contributed to the growth of FundersClub's portfolio by identifying high-potential opportunities.
FundersClub is an online venture capital firm that focuses on Seed and early stage investments.
Raised $6,500,000.00 from Zynik Capital Corp. and DTRIBE Capital.
Director/Board Member
2012
• Oversaw audit committee responsibilities at MGT Capital, ensuring compliance and financial transparency. • Collaborated with executive team to develop strategic plans for maximizing shareholder value. • Implemented blockchain technology initiatives to drive innovation and growth in the company.
Principal
2005
• Identified and executed event-driven special situations in Southeast Asia, resulting in multibagger returns. • Leveraged expertise in spin-offs, convertible refinancing, and rights offerings to drive successful investments. • Utilized deep knowledge of Asian markets and Chinese and Filipino heritage to make informed investment decisions.
Analyst
2003 - 2005
• Generated multibagger returns with low volatility through specialized knowledge in spin-offs, post-bankruptcies, and special situations. •My original prize-winning ideas were published in valueinvestorsclub.com where Michael Burry ("The Big Short") was discovered. These ideas later showed up in the portfolios of Greenlight Capital and Third Point Capital. David Einhorn personally told me he read my write-up on Lanxess.
Founder/Chairman
2011
• Led a team of engineers and data crunchers at AppAddictive Inc. to drive data-driven social advertising strategies for CEOs and CMOs. • Developed a social advertising and social commerce loyalty platform that was acquired by a unicorn in 2014, resulting in a 20x return for investors. • Implemented innovative strategies to harness the benefits of social advertising and achieve measurable results for clients.
Member Board of Directors
2023 - 2024
Member of the Board of Directors.
Advisor
2012 - 2022
• Developed and implemented social media engagement strategies for individuals, businesses, and brands at Internet Media Labs, Inc. • Utilized proprietary technology to enhance efficiency and intelligence in social media interactions. • Collaborated with co-founders Peter Bordes, Robert Moore, and Tom Molen to drive innovation and relevance in digital media platforms.
Chief Executive Officer and Customer Pain Killer
2013 - 2017
• Managed a multi-million dollar budget and a team of technology executives and managers at LookSmart, a Nasdaq listed company. • Led strategic initiatives to drive revenue growth and enhance customer satisfaction. • Implemented innovative solutions to address customer pain points and improve overall business performance.
Education
B.S.
1987 - 1991
High School
1983 - 1987