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Cryptocurrencies. For example Coinbase is doing well—raised $300M on a $8B valuation: http://fortune.com/2018/10/30/coinbase-series-e-funding/ http://fortune.co
by mrb 8y ago
Cryptocurrencies. For example Coinbase is doing well—raised $300M on a $8B valuation: http://fortune.com/2018/10/30/coinbase-series-e-funding/ http://fortune.com/2018/10/30/coinbase-series-e-funding/
- UncleMeat 8y agoGoogle's market cap is 850B. The existence of some very successful companies in crypto does not mean that Google made a mistake by not jumping on that train.
- plorkyeran 8y agoRaising a bunch of money at a high valuation isn't enough to make a company "very successful" either.
- mrb 8y agoCoinbase grew from zero to an $8B valuation in just over 6 years. If that isn't "very successful", what is? ;)
- plorkyeran 8y agoGetting to the point where you don't have to sell off parts of your company to get the cash to sustain your growth. Coinbase is certainly on a nice trajectory, but assuming your goal is to build a real business you haven't succeeded yet if you're still talking about your funding rounds rather than how much money you made last year.
- nostrademons 8y agoThey made a billion dollars in revenue in 2017 and about $520M in 2018, in the midst of a massive bear market. For a company whose primary product is software and doesn't need to worry about cost-of-goods-sold the way that sharing economy companies do. Supposedly they made $450M in profit. They're doing way better than Uber and Lyft are, which continue to lose money even after going public.
- jacksproit 8y agohttps://arstechnica.com/tech-policy/2019/04/how-a-major-cryptocurrency-exchange-lost-control-of-851-million/ https://arstechnica.com/tech-policy/2019/04/how-a-major-cryp...