Shima Capital Founder Yida Gao Shares Insights on Successful Crypto Investments and the Future of Web3
Summary:
In an interview with Cointelegraph, Yida Gao, founder of Shima Capital, discusses the firm's successful investments in the crypto industry, including projects like Wombat Exchange, Berachain, Magna, and Monad Network. Gao emphasizes the importance of building relationships and trust with investors and maintaining compliance with regulations. He sees potential catalysts for the next bull run in real-world assets (RWAs) and Web3 gaming. Shima Capital primarily invests in SAFEs with token warrants and actively seeks out promising projects through a vast network of connections. Gao remains optimistic about Web3 gaming due to its focus on user experience and ability to disrupt traditional game development cycles.
Blockchain startup funding is heavily reliant on venture capital, which provides critical support during the early stages of projects. Cointelegraph is conducting interviews with executives from leading funds to gain insights into their perspectives and experiences in the Web3 space. In a recent interview, Yida Gao, founder of Shima Capital, discussed the firm's successful investments in the crypto industry, including projects like Wombat Exchange, Berachain, Magna, and Monad Network. He also emphasized the importance of building relationships and trust with investors in a high-risk industry like crypto. When asked about regulations and the future of the industry, Gao emphasized responsible investing and maintaining compliance with regulatory bodies. Looking ahead, Gao sees potential catalysts for the next bull run in real-world assets (RWAs) and Web3 gaming. He also believes that traditional and blockchain-based financial systems can coexist, and that clearer regulations will drive mainstream adoption. Regarding AI and ChatGPT, Gao highlighted their valuable role in idea generation and editing, but stressed that human expertise is still crucial in refining and making decisions. Shima Capital primarily invests in SAFEs with token warrants and occasionally in pure tokens, considering each opportunity on a case-by-case basis. Gao emphasized the critical role of founding teams in driving success for portfolio companies, and Shima Capital actively seeks out promising projects through a vast network of connections and proactive sourcing. Despite concerns about overhyped projects, Gao remains optimistic about Web3 gaming due to its focus on user experience and its potential to disrupt traditional game development cycles.
Published At
9/6/2023 1:01:00 PM
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