How a young crypto VC fell from grace
Yida Gao raised $200 million for his venture fund Shima but has since lost the trust of his backers.
Fortune ·
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The Latest Breaking News from Shima
A crypto wunderkind’s $200 million fund had the backing of investors like Bill Ackman and Galaxy. Then everything went south
An investigation into Shima Capital and its founder, Yida Gao.
Fortune ·
He taught at MIT, worked at Morgan Stanley, and convinced Bill Ackman and Galaxy to back his $200 million crypto fund by his early 30s. His future is now in jeopardy
How Shima Capital’s fast-and-loose approach to compliance alienated its backers and could run afoul of the SEC.
Fortune ·
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