Coinbase Ventures is one of crypto's most prolific startup investors -- all without a dedicated fund, or any full-time employees.

I spoke to Coinbase president and COO Emilie Choi about launching the venture arm she calls "our little hidden secret."

forbes.com/sites/alexkonr…
Some fast facts on @coinbase Ventures:
- 150+ investments
- $50K to $250K checks in seed rounds
- 1 dedicated Slack channel
- 1 blog post from @emiliemc that got @brian_armstrong to green-light the program
- 0 full-time employees

forbes.com/sites/alexkonr… tip @techmeme
Subscribers to our @forbes Midas Touch newsletter got early insights into Coinbase Ventures on Saturday, along with my thoughts on #Cloud100 valuations, @rebecca_szkutak with an exclusive on a new round for a fertility startup, and more.

Sign up here:
forbes.com/newsletter/mid…

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More from @alexrkonrad

18 Oct 20
When Matt Huang and Fred Ehrsam raised $400M for their new fund Paradigm in 2018, they did something bold: put it all into Bitcoin.

The trade is already up 3x. But the ex-Sequoia partner and Coinbase cofounder have a bigger goal: bring crypto mainstream.

forbes.com/sites/alexkonr…
Since leaving Sequoia and Coinbase to launch Paradigm in 2018, @matthuang and @FEhrsam raised $750M to invest in a mix of crypto coins, tokens and startups.

And they got backers like Harvard, Stanford and Yale behind their unusual strategy.

forbes.com/sites/alexkonr… tip @Techmeme
Of Paradigm's 28 investments, 13 have raised or issued a token at a higher valuation since. But crypto insiders like @novogratz are still marveling that the firm was able to call all its capital and put it into Bitcoin during 2018's post-bubble prices.

forbes.com/sites/alexkonr…
Read 4 tweets
11 Sep 19
Three years ago, UiPath was an unknown little Romanian startup. Today, it's a $7 billion global leader in a red-hot new area of tech called RPA.

Beyond excited to share my latest @Forbes cover story on UiPath CEO Daniel Dines, the first bot billionaire.

forbes.com/sites/alexkonr…
@Forbes I flew to Bucharest in July to meet with Dines, who moved his HQ to NYC but still goes back to Romania each summer. My goal: figure out how @UiPath had gone from off the radar to #Cloud100 No. 3 company, 3,200 employees and a $7B valuation overnight.

forbes.com/sites/alexkonr…
@Forbes @UiPath What I found: Daniel Dines isn't your typical tech billionaire. He wakes up each morning and reads a novel until he gets bored, then takes a nap before rolling into the office around 11 am -- or later.

Conversations with Dines are a trip of their own.

forbes.com/sites/alexkonr…
Read 7 tweets
11 Jul 18
My aunt sent a gif of Steve Harvey clapping to the whole fam and my grandma went to the Verizon store to make it stop
"It's 5:30 pm and he's STILL clapping"

I would give any amount of money to have seen the face of the Verizon staffer my grandma asked to stop the gif
also shout out to my lil sis who IMMEDIATELY knew that I would be posting this thread to Twitter even as it happened 😂😂😂
Read 8 tweets

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