3 ms·
Coinbase is currently valued at almost $10 billion. One of the most successful startups the site you are posting on has EVER funded. I don’t think it’s a flav
by blhack 7y ago
Coinbase is currently valued at almost $10 billion. One of the most successful startups the site you are posting on has EVER funded.
I don’t think it’s a flavor of the month. Maybe I’m wrong, but neither I nor apparently the market thinks I am.
- jacques_chester 7y agoA current valuation of $10 billion gives a lot of scope to stop being the flavour of the month. Groupon debuted at a $17.8 billion market cap with a great deal of fanfare. It's now at $1.6 billion.
- JumpCrisscross 7y ago> Coinbase is currently valued at almost $10 billion Coinbase's last round's investors valued the top-of-the-stack preference they were given at a price per share that, if multiplied across the cap table, comes to $10bn. That valuation printed when crypto hype was near its peak. It's reasonable to conclude it may be stale. Given the preference, enterprise value would fall faster than the value of those most-recent shares. Valuation is a poor sole measure of success. It's easily manipulated, determined by a few people and often stale.