Transcript: 500x Coinbase Exit (Bonus)

Host: let's talk about Angel investing at what point you do you start Angel investing? Um I actually started with Angel investing back when I was at Quizzy and uh really funny story.

My first Angel investment was uh company you may have heard of called Coinbase. So that's that's the 2012 seed.

Um, so you know, I I always make fun of Chris Dixon for having like the flimsiest investment thesis, but he hit the Mitus list for his investment in Coinbase number one on the Mitus list and I obviously did pretty well personally as a small Angel investor.

So I always think it's kind of like Harry and Voldemort where it's like, okay, I I got the same uh Angel investing powers but uh, but but we went our separate ways after that. This is interesting, right?

Because I don't know how much like you have what 23, 22K Twitter followers. I don't know how many people realize that you are one of uh the Angel investors in Coinbase.

Like I think the hate you might be receiving, everyone is like, you know, he doesn't know shit like he's not an investor in anything. That sort of hate I'm sure you're getting right now.

Uh, but I was a little surprised when I was doing research for this conversation that hey, you're investor in Coinbase and I think you're also early investor in Wire, which is another crypto.

That's right, yeah, uh, which yeah, they just exited to Bolt. Um, and uh, when I, you know, even before I invested in Coinbase, I was actually tweeting in 2011, um, about how great Bitcoin is and how I I had a little joke.

I'm like, oh my god, the US dollar just crashed 30% relative to Bitcoin. So I was doing it before everybody was doing that. Um, but I'm such a natural contrarian, right?

So as soon as everybody else started kind of having the same memes, then I was over it.