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Everything seems to be up and to the right!

Between Roblox's incredible $39 billion IPO, Bitcoin tops the $60,000 mark, and Beeple selling NFT (non-fungible tokens) art for $69 million, this past week was just incredible.

My partner Chris McCann did an awesome analysis in his newsletter on Coinbase S-1 filing and I want to repost it here:

Coinbase S-1 filing summary 

  • Coinbase is valued at ~ $100B
  • Revenue: $1.3B in 2020, and $530M in 2019
  • Trading volume: $193B in 2020, and $79B in 2019
  • Customer base: 43M “verified users” with monthly active users at 2.8M.  96% are retail customers
  • Investors: Andreessen Horowitz (A16Z - $11B), Union Square Ventures (USV - $5.1B), and Ribbit Capital ($4.4B)
  • Corporate headquarters office location - “Address Not Applicable”



Opaque Systems (one of my portfolio companies) is hiring!  Building on an open-source MC2 Platform, Opaque enables secured analytics and machine learning on encrypted data. Their team is super badass and all-stars.  They are looking for an awesome product manager and developer evangelist. Check it out.

This week a total of 22 startups raised $972.5M in funding, exits:

  • $199.4M goes to 8 Enterprise startups
  • $243.5M goes to 3 FinTech startups
  • $23.4M goes to 2 Crypto startups
  • $50M goes to 1 Robotics startup
  • $5M goes to 1 Transportation startup
  • $20.3M goes to 1 Insurance startup
  • $37.4M goes to 1 VR startup
  • $300M goes to 2 Healthcare startups
  • $2.5M goes to 1 BioTech startup
  • $60M goes to 1 Autonomous Vehicle startup
  • $31M goes to 1 Other startup
If you love this newsletter, ask your best friends to sign up.

Edith

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  Funding (300 miles radius from Silicon Valley)

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