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Author Topic: [2014-11-15] techcrunch: Coinbase Is Raising Another $50 Million  (Read 3076 times)
LiteCoinGuy
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November 15, 2014, 12:31:08 PM
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Bitcoin Startup Coinbase Is Raising Another $50 Million

Bitcoin startup Coinbase is seeking to raise another round of funding, which could add $50 million in new capital before it’s finished. According to sources, however, the company has faced headwinds in the fundraising process that may limit the total amount raised.

Sources tell us Coinbase is raising $50 million of new capital less than a year after its last financing, a $25 million Series B led by Andreessen Horowitz. That’s a pretty big jump in a short period of time, and would once again make Coinbase the best-capitalized Bitcoin startup after recent $30 million funding rounds for BlockChain and BitPay.

http://techcrunch.com/2014/11/14/coinbase-desparately-seeking-series-c/

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LiteCoinGuy
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November 15, 2014, 12:35:02 PM
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https://www.cryptocoinsnews.com/coinbase-rumored-to-be-raising-up-60-million-led-by-timothy-drapers-dfj/

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November 15, 2014, 12:36:04 PM
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Bitcoin Company Coinbase Raising New Investment at $400 Million Valuation

Coinbase, a company that lets people store and buy the digital currency bitcoin, is in the process of raising a giant new investment that will value it around $400 million, multiple sources

http://recode.net/2014/11/14/bitcoin-company-coinbase-raising-new-investment-at-400-million-valuation/

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November 15, 2014, 05:48:12 PM
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Nuts. The more money that ploughs into bitcoin companies the better for everyone involved. I can never understand how investors get their money back with these insane investments though. Always seems far too risky to put so much money into a company. Guess some people have money to throw around though.

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November 15, 2014, 09:52:08 PM
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Nuts. The more money that ploughs into bitcoin companies the better for everyone involved. I can never understand how investors get their money back with these insane investments though. Always seems far too risky to put so much money into a company. Guess some people have money to throw around though.

Have to agree with you on that but I guess its a function of how much effort you put into it as well
For example facebooks soical media model made it a large company with a significant valuation, but it earned the leader status.
It could also do a myspace but its in the field as one of the majors for now so if it can become that really valuable company or not is no doubt in question.

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November 16, 2014, 03:40:18 AM
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Bitcoin is not an investment  Cheesy

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November 16, 2014, 04:00:26 AM
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WTF are they spending it on? Tech stuff and/or buying BTC so they can hold enough of the total mined coins to dominate all market prices and resell them at multiples of the current price?

Saying that you don't trust someone because of their behavior is completely valid.
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November 16, 2014, 05:51:20 AM
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WTF are they spending it on? Tech stuff and/or buying BTC so they can hold enough of the total mined coins to dominate all market prices and resell them at multiples of the current price?

They probably lost a bunch and need to repay their customers who are withdrawing...

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
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November 16, 2014, 07:08:37 AM
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Nuts. The more money that ploughs into bitcoin companies the better for everyone involved. I can never understand how investors get their money back with these insane investments though. Always seems far too risky to put so much money into a company. Guess some people have money to throw around though.

Have to agree with you on that but I guess its a function of how much effort you put into it as well
For example facebooks soical media model made it a large company with a significant valuation, but it earned the leader status.
It could also do a myspace but its in the field as one of the majors for now so if it can become that really valuable company or not is no doubt in question.

I can understand a social network like Facebook getting investment as it's easy to make silly money via ads there (though I still struggle to imagine how long it'll take investors to recoup their billions or whatnot), but Coinbase is tiny in comparison and an entirely different company that seems to mostly makes its money off tiny fees. I suppose one day it could rival Paypal which is a multi billion dollar company apparently, but bitcoin and Coinbase could easily go the way of MySpace like you said.

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November 16, 2014, 11:48:17 AM
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I wonder if this is equity purchase or a royalty based on transaction income or some other agreement like a loan.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
LiteCoinGuy
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November 16, 2014, 01:19:01 PM
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i guess the investors have a far better view in the future and the potential than "most of us" here...

for example: would you invest when you can have the next bank of america in crypto in 10-15 years out of Coinbase? i would do it.

ps: Uber raised 2 billions in the last years.

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November 18, 2014, 01:55:38 PM
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i guess the investors have a far better view in the future and the potential than "most of us" here...

for example: would you invest when you can have the next bank of america in crypto in 10-15 years out of Coinbase? i would do it.

It's not that they necessarily have the better vision, but they certainly have the money to do it. I think most of us here would invest in many bitcoin companies if we only had the wealth to do so. I also wouldn't compare Conbase to a bank but rather Paypal or something.

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