> You may also see us invest in companies that ostensibly look competitive with Coinbase. There may be nuance to the way these startups are building out their p

> You may also see us invest in companies that ostensibly look competitive with Coinbase. There may be nuance to the way these startups are building out their products. Or, in some cases, we may be comfortable investing in companies that are potentially competitive, because it’s in everyone’s interest to see the ecosystem innovate. We’re taking a long term view of the space, and we believe that multiple approaches are healthy and good. In other words, everyone else in SV has conflicts of interest when it comes to funding startups from corporate entities (GV, SalesForce Ventures, angels who work at big corps, etc) and we're just gonna come out and be somewhat explicit about it...and well hey it's crypto, so there's no rules anyway!