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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3463 Registered: 05-2011 Rating: N/A Votes: 0 Posted on Wednesday, April 14, 2021 - 5:57 pm:    Entrepreneur: COIN opened now at $381 Went to a high of $429.54 low of 310 closed at 328.28 (That’s up more than 10-fold from the company’s last private fundraising in 2018 and over 4,000-fold from the Union Square-led round eight years ago.) After hours now at 350 So let's check who got rich with the debut: 1. Union Square Ventures (Fred Wilson) first invested in Coinbase at 20 cents a share in 2013, enabling the firm to amass a stake that’s now worth $4.6 billion. The deal was Coinbase. The round was Series A. The price tag was $5 million at 20 cents a share for a valuation of around $20 million. 2. Andreessen Horowitz and Union Square are the two largest outside investors in Coinbase.Andreessen Horowitz, which owns shares in the crypto exchange worth about $9.7 billion.The firm didn’t wait long after Union Square to jump into the game. Seven months after Coinbase’s Series A, the firm led a $25 million Series B, buying shares at $1 a piece. Investing out of a $1.5 billion fund raised in 2012 as well as a late-stage fund, Andreessen Horowitz continued to build its stake in Coinbase, even buying some shares from Union Square.According to Coinbase’s prospectus, Andreessen Horowitz bought $57.1 million worth of shares in October 2019, from Union Square at $23 a piece. About a year later, Union Square sold another $30 million in Coinbase stock to Andreessen at $28.83 a share. In total Union Square divested about 28% of its stake in five separate transactions, and the 3.52 million shares it sold to Andreessen are now worth a combined $1.2 billion. 3. Ribbit Capital, a fintech-focused venture firm that co-led the Series A, is Coinbase’s third-biggest outside investor with 12 million shares, worth $3.9 billion. Tiger Global, Institutional Venture Partners and DFJ Growth are among the other backers. 4.DFJ Growth ended up leading the $75 million round at $2.76 a share for a valuation of about $500 million. That investment is now up almost 120-fold. Schuler became the first board member, though he resigned as a director in August. Wilson and Marc Andreessen remain on the board.