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
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.
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.
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 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@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.