Maybe you’re not into crypto, but chances are you’ve heard of Coinbase and all the talent they’ve been scooping up on Wall Street and Silicon Valley. At this point, they’ve basically built a big tech company and operating like Google and Facebook, firing off acquisition after acquisition. The latest? They’re going after the big dogs… institutional investors… and building a world-class platform with white glove service to do so.
Coinbase was founded in 2012 by Brian Armstrong, with a goal in mind to build the a platform that would become the easiest way to buy and sell crypto-currency. Since then, they’ve raised over $200M, acquired 9 companies, and become a household name. Literally everyone is lining up to be added to their app, which is more exclusive than the hottest Las Vegas clubs. All in all, it’s been a great couple of years for their team.
With just around 15M users, the platform has a long runway for growth. Revenue capped around $1B last year, overshooting projections by a cool 66%, putting them in a place to reject VC funding and moving them closer to blue ocean status.
Armstrong is incredibly proud of the effort his team has put forth, sharing in a blog post addressed to his employees just a few weeks ago…
“We’re on the right path, doing the right work. I hope you’ll take a moment … to reflect on the past quarter and all that we’ve accomplished … The world needs to know more about the incredible story that is being written here at Coinbase. I’m so proud to be on this journey with all of you!”