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Sources Said Duke’s Early Investment In Coinbase Increased 100x To $500 Million
Summary: According to CoinDesk, sources familiar with the situation revealed that the Duke University endowment fund is one of Coinbase's early investors. "The Duke University endowment has direct Coinbase exposure because Fred [Ehrsam] approached Duke for one of the early rounds," a source said these original shares are now worth a lot, "they probably 100x’d their money, after ...
According to CoinDesk, sources familiar with the situation revealed that the Duke University endowment fund is one of Coinbase's early investors.
"The Duke University endowment has direct Coinbase exposure because Fred [Ehrsam] approached Duke for one of the early rounds," a source said these original shares are now worth a lot, "they probably 100x’d their money, after dilution. So even if they only put in $5 million, they just made $500 million, which is a lot for an endowment."
An unnamed venture capitalist also speculated that Duke University may have participated in Coinbase's 2015 Series C financing.
By Mary Liu
Tags: Coinbase,Duke University
Link: Sources Said Duke’s Early Investment In Coinbase Increased 100x To $500 Million [Copy]
