I’m excited about what Bitcoin might do to the global economy. If it succeeds it could become a global currency – the Internet uniting our world in yet another dimension.
As a result, when I had the opportunity to participate in Coinbase’s recent round I jumped. Coinbase seeks to provide the payment infrastructure necessary to make transacting in Bitcoin easy. It’s a big task, but the company’s founders Brian Armstrong and Fred Ehrsam are the right guys for the job.
I’ve known Fred for quite awhile. He’s a wall street wiz-kid who jumped from foreign exchange trading at Goldman Sachs into this opportunity where he may be redefining global currency more broadly. Seems like a logical progression for someone staying ahead of the curve.
The team has made real progress, getting them into YCombinator and attracting the venerable Fred Wilson as the lead of this current round.
We’re excited to have them join the Interplay mafia. They’ll not only bolster our payment IQ, but also strengthen our roots in Silicon Valley.
And, to the Coinbase team…congrats!