Nas Has a Stake in Coinbase Worth $175M

Originalman

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100% agree. I think its Hollywood to blame to think that the only way to become a millionaire is to be a "Entrepreneur with big dreams" that needs to show his/her face everywhere and be on billboards

While the Investment Bankers, Hedge Fund Managers, and Private Equity managers are making 10x more than them and not showing their face at all

Yep all that plus social media pushs that the only way to make money is to be an entrepreneur/boss is to own a company and run it. When many folks make money and a lot of money just being a silent investor.
 

mson

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500k/25M post money valuation = 2%. Coinbase has had a number of rounds since that series B. To keep that 2%, he would have had to ask for the ability to put more money in every time a new round came up to keep him at the same percent. The last raise they had was $300M. I highly doubt QBV was able to keep up with some of these crazy big rounds to keep that 2%, so it's probably pretty diluted by now. Plus who knows if it was $500K.

It's all speculation since we have no idea how much he put in in the later rounds. He's probably diluted by more than 50% like the original tweet says, but who knows. He gets paid in Coinbase stock when the company goes public. At that point, he can cash out, diversify, etc.

All this to say, focus on your money. You make money, you can take more chances like this. Get your bread up.

I think he has to wait six months before he can cash out.


He also participated in Robinhood’s $3M round :whoo:


That’s about to be a STUPID return. I don’t know about y’all but I love seeing brothers get money.

I need to step my game up


He invested in the seed round and series A round.
 

Jahbarri

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MONTREAL
This is the Black Andreesen Horowitz
maxresdefault.jpg
How about he’s just him and not resemble of no CACS #reapectfully :troll:
 
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Ft. Stewart, Ga
Mo' Money :ahh:
Mo' Murder :mjlit:
Mo' Homicide :dead:


Thats why Nas keeps his shyt quiet. He don’t want them dusty ass nikkas sitting on QB benches like its musical chairs bothering him to “hold something” knowing all they gonna do is get high and break they mom’s furniture watching Comic View
 
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