My dude. They didn't say they know exactly how much invested. They gave a specific range. Plus they have insiders. Meaning they have a clue. Crunchbase and Coindesk are not Forbes. Partner with what group? This is VC what are you talking about?
Nas To Make Over $100M This Week
- Thread starter Stick Up Kid
- Start date
My dude. They didn't say they know exactly how much invested. They gave a specific range. Plus they have insiders. Meaning they have a clue. Crunchbase and Coindesk are not Forbes. Partner with what group? This is VC what are you talking about?
Tony D'Amato
It's all about the inches
They're guessing. Accept it or don't. Thats your problem.
Controversy
Superstar
in a deal like that, you have to put up a certain amount to get in on that initial funding...that's why they gave a range
Pegasus Jackson
Trump's Amerikkka
Kelis somewhere grinning.
Tony D'Amato
It's all about the inches
Thats a very big range, and who is Queensbridge? Is it just Nas. By himself? Sounds like a group of ppl.
Everything you see pre IPO is meant to pump the valuation for the VC and angel investors
There’s no way of knowing the proper value of a company until it’s been on the market
I think that coin base is an exchange for crypto
What happens when JP Morgan starts allowing its customers to buy and sell crypto with no transaction fees?
Tony D'Amato
It's all about the inches
What happens when countries start teaming up on some avengers shyt to protect their own currencies and destroy crypto? U think that can happen?
Ok. Now you're bringing something that critics have brought up, as well as Coinbase in their S-1 filing. I guess we'll see if and when that happens. Coinbase will have to pivot and become more like a bank than an exchange.
Last edited:
Yahoo is now a part of Verizon Media
QueensBridge, which was also a backer of Robinhood in 2013 and later Lyft and Dropbox, makes early-stage investments of between $100,000 and $500,000, according to Jones’ QueensBridge co-founder Anthony Saleh.
Dividing the firm’s $100,000–$500,000 stake by the share price at the time of Coinbase’s Series B ($1.00676) points to QueensBridge owning around 99,329 shares on the low end or 496,642 on the high end, according to an analysis by CoinDesk.
At the price that Coinbase shares last traded on private secondary markets – $350 per share – Jones’ firm would have a pot of somewhere between $34.76 million and $173.8 million. If Coinbase shares trade at investment bank DA Davidson’s new price target of $440, QueensBridge could see the value of its Coinbase stake rise to $43.7 million and $218.5 million, respectively.
QueensBridge, which was also a backer of Robinhood in 2013 and later Lyft and Dropbox, makes early-stage investments of between $100,000 and $500,000, according to Jones’ QueensBridge co-founder Anthony Saleh.
Dividing the firm’s $100,000–$500,000 stake by the share price at the time of Coinbase’s Series B ($1.00676) points to QueensBridge owning around 99,329 shares on the low end or 496,642 on the high end, according to an analysis by CoinDesk.
At the price that Coinbase shares last traded on private secondary markets – $350 per share – Jones’ firm would have a pot of somewhere between $34.76 million and $173.8 million. If Coinbase shares trade at investment bank DA Davidson’s new price target of $440, QueensBridge could see the value of its Coinbase stake rise to $43.7 million and $218.5 million, respectively.
Nas and Ashton Kutcher.. 2 unlikely names you think of about when talking investing, but have more wins in investing in the past 10 years than anyone in the entertainment business
like legit wins
Nas was apart of the Ring buyout with Amazon as well I believe
well, it was a specific investment group, which means they had to put up at minimum a certain amount OR a maximum certain amount. Thats how the rounds go... so yes, they do have a clue because to be apart of the investment time period, you had to come with a certain amount of cash at minimum (or maximum) and they can calculate the range of what that would be when multiplied when the IPO goes live and people can buy it
as explained here :