Coinbase

“You know, we've got, there's four assets on Coinbase. There's probably a thousand assets out there that could be on Coinbase.”

“When they were just starting out that company in San Francisco in 2012, they were told by their lawyers, big law firm, don't worry about getting those licenses, you don't need them. They fired those lawyers”

“We had probably 25% turnover that year”

“For me, I actually want to be a CEO, run a business, have it be enormous, like, I'd like to run a public company someday”

“They have 1.8, I think, million consumer wallets at Coinbase now.”

“I think that you'll end up in a situation like, probably like email, where you sort of depend on a corporation, but also are reassured that you can always opt out.”

“We've had 7000 developers sign up on Coinbase to create apps, and we have one of the more popular developer platforms out there.”

“I think it won't be 10 years. I think in five years we'll look back and be surprised at how much the world changed. Much You know, similar to something like the iPhone or the internet itself, how quickly things changed in response to that.”

“Certainly in Coinbase, we believe there has to be, the space has to be regulated. There has to be trust in the space, and in order for people to have consumers and others to have trust in the space, there has to be a layer of regulation so people know the rule…”

“I think we're beginning to see in a lot of areas, and early on Coinbase was a leader in this, really priding themselves on the fact that they do comply with the laws, like they have a selling point.”

“And so Coinbase is a good example where over the last, you know, 12 months, I think they've made five or six acquisitions and in part that may be driven by them hiring Emily Choi to come in and You know, really drive that function in a smart way.”

“Actually, the number one request we get from our customers is, hey, there's more coins that I want to start trading.”

“And we actually custody a lot of crypto, you know, ten billion or more of crypto”

“We were named as the custodian of eight of the 11 approved ETFs at this point.”

“I think it's actually a store of value, but there's other assets, and I think the way to think about this is that the world is going to be tokenized, so we have more than 200 assets on our platform whether that's ETH or Solana or others, and It could be an NFT…”

“As Ben mentioned, we went public in 2021 under the auspices of the SEC. We have substantially the exact same business that we had, had in 2021 when we went public under them.”

“What makes out a very bad idea is that we have overzealous regulators such as the SEC who are overstepping their boundaries.”

“Even in the Andreessen portfolio, I was just thinking off the top of my head, we have three companies that are at the 104 companies at the hundred billion dollar mark, right? I mean, there's Stripe, Databricks, Coinbase, OpenAI.”

“3D printing, like this led to my investment in Oculus and Coinbase really were both from that you know, from that thesis sort of VR, seeing the developers and the kind of, you know, Kickstarter community enthusiasm around, you know, when Palmer, Palmer Luckey …”

“Like, will all the centralized Bitcoin on Coinbase's servers, Sailor servers, et cetera, get seized? I think it's quite likely. I think it eventually gets seized in some exigent circumstance.”