It was revealed that #Nas, one of the famous rappers of the USA, invested in Coinbase in 2013. It was stated that the rapper, whose real name is #Nasir #Jones, was an early investor in the stock market through his own firm, #QueensBridge #Venture Partners.
Coinbase raised $ 25 million in Series B funding in 2013. It was learned that Nas' QueensBridge Venture Partners company is one of the companies participating in this investment. The current value of the Coinbase exchange, which is approximately $ 90 billion, was around $ 140 million at that time.
🚨Coinbase is not the only early investment
Anthony Saleh, one of the co-founders of QueensBridge, announced that the company made early investments between $ 100,000 and $ 500,000 in RobinHood in 2013, and later in companies such as Lyft and Dropbox, apart from Coinbase.
According to CoinDesk's report , QueensBridge has 99,329 shares, considering that at least $ 100,000 was invested in Coinbase at that time. If the investment is 500 thousand dollars, the number of shares is calculated as 496,642. Considering that the final price in the secondary market where Coinbase shares are privately traded is $ 350, NAS's firm's investment will have increased by approximately $ 35 million to 174 million dollars. If the shares are $ 440, as investment bank DA Davidson points out, the company's investment will have gained between $ 44 million and $ 220 million.
↘️Friendship has made hundreds of millions
In the news in the US media, it was stated that Nas learned about this investment from Ben Horowitz, one of the founders of Silicon Valley investment giant Andreessen Horowitz, and the two were close friends. Andreessen Horowitz is known to be one of Coinbase's main supporters, and in 2013 Ben Horowitz allegedly told Nas that Bitcoin is a promising investment.
The value of Coinbase, which will be listed on the #Nasdaq exchange tomorrow with the abbreviation #COIN, is expected to exceed $ 100 billion after this listing.