Episode Details

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Guest - Steve Tan
Instagram: https://www.instagram.com/heystevetan
X: https://x.com/heystevetan

For two years… nobody actually knew what happened between Steve Tan and Luke Belmar.
Just rumors. Screenshots. Half-stories.

So I flew to Kuala Lumpur.
Sat down with Steve.
Turned the cameras on.

And I asked him to walk me through everything…
From the first message…
To the $4.2M run…

What Steve revealed shocked me.
- ⁠How the partnership actually started
- Why he funded the entire operation
- ⁠The moment the business exploded (and when things started to go wrong)

He laid out the full details.

This wasn’t random internet drama. This was a breakdown of what really happened.

This is the first time Steve has ever told the entire story in one place.
Just raw from his seat, and the lessons every entrepreneur needs to hear.
If you want the full picture, not the internet version…

Tune in!

(00:00) Preview 
(00:43) The Origins of the Fallout
(05:08) How Luke Belmar Changed
(09:02) Why the Partnership Was Uneven
(11:21) Investment Strategy Behind Capital Club
(13:27) Were Luke’s Claims to Success Fake?
(15:37) Luke Belmar's Suspicious Behaviour
(18:26) The Real Vision Behind Building Capital Club
(23:45) How Luke Used Narrative Control Internally
(26:13) How Luke Got Involved with Capital Club
(30:22) Inside Steve’s Exit Process (& What Actually Happened)
(45:03) The Controversial $600K Withdrawal Explained
(47:18) “$40M” Revenue Claims
(51:44) Deflecting Tactics
(59:48) When Things Started Falling Apart 
(01:03:54) Real Numbers Behind Capital Club Launch
(01:12:10) What Steve Actually Wants from This Case
(01:22:18) Steve’s Plan to Bounce Back

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