Neil here. I couldn’t let this week go by without talking crypto, so let’s get into it.
If you’ve been following this week’s headlines, you probably know that Coinbase debuted on the Nasdaq in a mammoth direct listing on Wednesday.
And when I say mammoth, I mean it. Following their first day on the exchange, Coinbase closed at a market cap of almost $86 billion… making it more valuable than companies like FedEx, Twitter, and General Motors.
Investors are chomping at the bit to get in on the excitement. Even Dogecoin (the meme crypto that started as a joke), is rallying, having surged 400% over just the last week alone.
And over just the last quarter, three different altcoins shot up 800%… exceptional short-term returns that point to the crypto market’s growing influence and popularity (you can learn more about how to play these three coins over here).
But cryptocurrency and public markets aside, I want to dig into Coinbase’s story a little bit more today.
Just nine years ago, Coinbase was a tiny San Francisco-based startup company led by co-founders Brian Armstrong and Fred Ehrsam. At the time, one Bitcoin was worth just $6. Fast forward to 2021… Bitcoin has hit over $60,000, and Brian Armstrong is one of the world’s richest people.
From a startup investor’s perspective, this story is music to my ears.
On its first day of trading, Coinbase closed at $328.28 per share. Even thought it shows just how valuable the company is, that’s a pretty hefty price for anyone looking to secure even one share.
The real success story here comes from Coinbase’s earliest investors… the angels and VCs who got in right at the beginning when Coinbase was worth just a fraction of what it is right now.
In 2013, Coinbase was a fresh-faced graduate from Y Combinator, a startup accelerator that’s worked with other companies like Stripe, Dropbox, and Reddit. That same year, angel investor Garry Tan (who runs the VC firm Initialized Capital) invested $300,000 into Coinbase at just 15 cents per share.
As of Wednesday, that initial stake is worth a whopping $2.4 billion.
And Garry’s not the only one. Big names like Marc Andreessen, Fred Wilson, and even rap icon Nas stand to make lifechanging profits off of the Coinbase debut.
But here’s the thing…
Somewhere in the world, there’s a budding entrepreneur dreaming up the world’s next Coinbase. And now that startup investing is much more accessible to all, it’s completely possible you’ll have the chance to get your hands on it at its earliest stages.
That’s what excites me the most. It’s no longer just the top VCs and institutional angel investors who get to benefit from these types of opportunities. Today, you can have your piece of the pie too… and you no longer need to write $300,000 checks to get started.
I’ll have my eye on the next biggest crypto superstar to come out of the startup woodwork. But in the meantime, here’s how you can dive straight into the crypto world right now:
One of crypto’s top experts has his eye on a series of smaller cryptocurrencies that are outperforming Bitcoin and Ethereum left and right. The first coin on the list, for example, was trading at $5 at the beginning of the year… and he’s projecting a price surge to $88.56 by year end.
This is the chance to make a lot of money in a short amount of time… all while getting in at a lower price point and taking advantage of these coins’ explosive growth potential.
If you’re interested in learning more, just click here to check out the details.
Have a great rest of your weekend, and I’ll be back soon with another update.
Until next time,
Neil Patel
If you’ve been following this week’s headlines, you probably know that Coinbase debuted on the Nasdaq in a mammoth direct listing on Wednesday.
And when I say mammoth, I mean it. Following their first day on the exchange, Coinbase closed at a market cap of almost $86 billion… making it more valuable than companies like FedEx, Twitter, and General Motors.
Investors are chomping at the bit to get in on the excitement. Even Dogecoin (the meme crypto that started as a joke), is rallying, having surged 400% over just the last week alone.
And over just the last quarter, three different altcoins shot up 800%… exceptional short-term returns that point to the crypto market’s growing influence and popularity (you can learn more about how to play these three coins over here).
But cryptocurrency and public markets aside, I want to dig into Coinbase’s story a little bit more today.
Just nine years ago, Coinbase was a tiny San Francisco-based startup company led by co-founders Brian Armstrong and Fred Ehrsam. At the time, one Bitcoin was worth just $6. Fast forward to 2021… Bitcoin has hit over $60,000, and Brian Armstrong is one of the world’s richest people.
From a startup investor’s perspective, this story is music to my ears.
On its first day of trading, Coinbase closed at $328.28 per share. Even thought it shows just how valuable the company is, that’s a pretty hefty price for anyone looking to secure even one share.
The real success story here comes from Coinbase’s earliest investors… the angels and VCs who got in right at the beginning when Coinbase was worth just a fraction of what it is right now.
In 2013, Coinbase was a fresh-faced graduate from Y Combinator, a startup accelerator that’s worked with other companies like Stripe, Dropbox, and Reddit. That same year, angel investor Garry Tan (who runs the VC firm Initialized Capital) invested $300,000 into Coinbase at just 15 cents per share.
As of Wednesday, that initial stake is worth a whopping $2.4 billion.
And Garry’s not the only one. Big names like Marc Andreessen, Fred Wilson, and even rap icon Nas stand to make lifechanging profits off of the Coinbase debut.
But here’s the thing…
Somewhere in the world, there’s a budding entrepreneur dreaming up the world’s next Coinbase. And now that startup investing is much more accessible to all, it’s completely possible you’ll have the chance to get your hands on it at its earliest stages.
That’s what excites me the most. It’s no longer just the top VCs and institutional angel investors who get to benefit from these types of opportunities. Today, you can have your piece of the pie too… and you no longer need to write $300,000 checks to get started.
I’ll have my eye on the next biggest crypto superstar to come out of the startup woodwork. But in the meantime, here’s how you can dive straight into the crypto world right now:
One of crypto’s top experts has his eye on a series of smaller cryptocurrencies that are outperforming Bitcoin and Ethereum left and right. The first coin on the list, for example, was trading at $5 at the beginning of the year… and he’s projecting a price surge to $88.56 by year end.
This is the chance to make a lot of money in a short amount of time… all while getting in at a lower price point and taking advantage of these coins’ explosive growth potential.
If you’re interested in learning more, just click here to check out the details.
Have a great rest of your weekend, and I’ll be back soon with another update.
Until next time,
Neil Patel
Follow @angelsandentrepreneurs
