Tim Draper Reveals Why He Missed Early Coinbase Investment, Citing Market Timing

COIN3.53%
BTC0.20%
According to Odaily, Tim Draper, founder of Draper Associates, recently disclosed that he did not invest in Coinbase early because he believed retail crypto adoption would take longer, not due to concerns about founder Brian Armstrong. Draper had already invested in early Bitcoin company Coinlab; his son Adam Draper disagreed with the assessment and provided Armstrong with the first check. Tim Draper subsequently participated in Coinbase's next funding round. Coinbase, founded by Armstrong and Fred Ehrsam, went public on Nasdaq under the ticker COIN. Draper noted that Coinbase has become one of his fund's flagship investments, with returns from the investment alone nearly doubling the fund's overall size.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments