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Coinbase s eye-popping $100 billion valuation is reasonable for a disruptive, cutting-edge crypto firm, an early backer says

Coinbase s eye-popping $100 billion valuation is reasonable for a disruptive, cutting-edge crypto firm, an early backer says wdaniel@businessinsider.com (Will Daniel) © Glassdoor/Coinbase Glassdoor/Coinbase Santosh Rao, the head of research at Manhattan Venture Partners, believes a $100 billion valuation for Coinbase is reasonable. Manhattan Venture Partners was an early investor in Coinbase, Palantir, Draft Kings, and more. Based on estimated 2022 figures, Coinbase will trade at around 11x sales and 27x EBITDA with a $100 billion valuation. Popular Searches Santosh Rao, the head of research at the merchant bank, says a $100 billion valuation for Coinbase is totally reasonable given the disruptive nature of the crypto firm.

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