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Top News In Euclid Partners Today - Breaking & Trending Today

The 68 Most Important VCs in New York, According to Other VCs

Insider compiled and recently updated a list of the top venture-capital investors in New York City. Here's who you need to know. ....

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Coinbase backer parlays 'fantasy' bet into billions


Coinbase backer parlays ‘fantasy’ bet into billions
Jackie Davalos
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Before his bet on cryptocurrency exchange Coinbase Global became a multi-billion-dollar exit, Union Square Ventures co-founder Fred Wilson compared bitcoin to science fiction.
“We may be completely wrong, it may be a fantasy,” he said at a marketing conference in May 2013. That was shortly after he had invested $US2.5 million ($3.2 million) in Coinbase, the US’s biggest cryptocurrency exchange, where people can buy and sell bitcoin and other digital tokens such as Ethereum and Litecoin.
Coinbase isn’t Wilson’s first foray into a nascent technology trend but it’s certainly the largest payout. His New York-based venture capital firm has invested in more than 100 businesses.  ....

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