This venture capitalist's $2.5 million investment in Coinbase turned into $4.6 billion

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By Shannon in Business
Updated 3 years ago

Eight years ago, Fred Wilson, a co-founder of New York-based venture capital firm Union Square Ventures, invested $2.5 million in then-unknown crypto exchange Coinbase—and that recently became the company's most profitable exit, Bloomberg pointed out yesterday. "We may be completely wrong, it may be a fantasy," Wilson said shortly after...

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