FYI: Union Square Ventures bought into coinbase at $0.20 per share. If they sold... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

dagaci on April 20, 2021 | parent | context | favorite | on: USV Dumps 100% of Coinbase Stock

FYI: Union Square Ventures bought into coinbase at $0.20 per share. If they sold for around $300 then thats a gain of around 150,000.00% (in the same period if they had bought bitcoin for $128 in 2013 and sold for $60,000 that would only be and a gain of 47,000%)

Other interesting USV exits: https://www.crunchbase.com/organization/union-square-venture...

toomim on April 20, 2021 [–]

> 150k% ... would only be 47k%

So in other words, they only got a 3x return on their bitcoin investment.

sfilipov on April 20, 2021 | [–]

You could argue investing in Coinbase had lower risk than investing in Bitcoin directly (was it?). Then the risk adjusted return would be even better.

Consider applying for YC's Winter 2027 batch! Applications are open till November 2.
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact