Coinbase

“So you invested a 100,000 dollars in the seed round of Coinbase. That's worth two hundred twenty million dollars on this day today, because it goes public. Now, if you had invested in Bitcoin, same time, Bitcoin at, in that same month was trading at 12 dollars…”

“Coinbase makes up 11% of the crypto asset market in terms of how many assets are stored on crypto on Coinbase.”

“Brian Armstrong is the CEO. He's 38 years old. He owns, I think, 20% of the company which means at a hundred billion, his net worth is twenty billion dollars, which puts him, I think, like in the top 50 richest people in the world at 38.”

“I bet this guy, you know, banked tens of millions, if not a hundred million dollars plus easily just on Coinbase.”

“I've got the ultimate, like, anti-portfolio of, you know, Coinbase and Slack and, you know, all sorts of other stuff.”

“So I think they've only raised eleven million dollars to date, and they've reached basically the same scale as Coinbase on eleven million dollars.”

“What if I told you that this company is doing ten billion a week in trading volume? And what if I told you it was doing that with less than 35 employees? What if I told you that it took Coinbase eight years and a thousand employees to get to a billion dollars …”

“First investor in Coinbase made like a billion dollars on that.”

“This one dude left Google in order to become Coinbase's chief product officer. And when it went public, his stake was worth six hundred million dollars.”

“I think now's the time where you can get some of these offers where you're getting paid a 102 103 100,000 dollars a year in equity, and that could be worth potentially eight figures in 10 years.”

“Biggest miss was Coinbase. My at TinyCo, we had this guy who worked for me named Adam Merber. He was roommates with Fred, the Coinbase co-founder. And so Brian Armstrong and Fred were fundraising for their Series A. They got a term sheet from Andreessen Horowi…”

“The biggest Successes out of YC have typically been that, right? The Airbnb guys renting out their own apartment to make hay, or Brian Armstrong doing Coinbase because he lived in Argentina and dealt with the currency issues and was interested in Bitcoin. Thes…”

“For example, I had the opportunity to invest in Coinbase, not super early, but like, let's say, series A or B, somewhere there. And I remember doing the math and being like, okay, I believe in Bitcoin, should I invest in Coinbase, the exchange, or buy Bitcoin?…”

“Coinbase has nine product lines that do over a hundred million dollars of revenue each.”

“His team passed him a note and he goes, Oh, before we hang up here, I just would like to say web three crypto blockchain, Bitcoin, Ethereum. Thank you very much. And he just basically, he's like you know, just for all the prediction markets out there, you know…”