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Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer. Armstrong enrolled in the Y Combinator startup incubator program and received a US$150,000 cash infusion. [12] Fred Ehrsam, a former Goldman Sachs trader, later joined as a co-founder after noticing Armstrong's posts on Reddit.
Ehrsam served as Coinbase's first President. [10] In January 2017, he announced he was leaving the company, but would remain on its board. [ 9 ] He also reportedly still owned 8.9% of Coinbase stock as of April 2021, and was assigned to the company's audit committee before its April 2021 public offering.
In 2012, Armstrong and Fred Ehrsam co-founded Coinbase, as a way for cryptocurrency enthusiasts to trade bitcoins and other digital currencies. [11] Armstrong was its first CEO. [11] Coinbase's first wallet iteration was called "Toshi", named after Satoshi Nakamoto, which in turn is also the name of one of Brian Armstrong's cats.
The crypto market was heating up and Fred, who is in his 60s and lives in Connecticut, figured it was a good time to shift some of the positions he held in his Coinbase account. After encountering ...
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Coinbase on Tuesday announced changes to its decentralized Wallet product aimed at making the service more streamlined and easy to use. The most significant of these is a new feature that lets ...
Starkware raised $6 million in seed money and afterward $30 million in series A round led by Paradigm, VC fund by Fred Ehrsam. [9] Other participants were Intel Capital, Sequoia Capital, Coinbase and Vitalik Buterin. [10] In March 2021 the company raised $75 million in series B round.