anybody still hold their shares?
Topic: Coinbase - Become an Investor - Good Investment? (Read 9563 times)
nice investment!
anybody still hold their shares?
anybody still hold their shares?
How many shares? How did you come by them? I will pm you now
I have some shares in coinbase.com available for sale. PM me if interested.
Which particular points are you referring to?
I think it's a bad investment. Some good points in the reddit thread
http://www.reddit.com/r/Bitcoin/comments/z19z8/coinbase_a_paypal_for_bitcoin_is_looking_for_250k/
http://www.reddit.com/r/Bitcoin/comments/z19z8/coinbase_a_paypal_for_bitcoin_is_looking_for_250k/
In a way, buying bitcoins is an investment in all bitcoin related companies. You'll stand to benefit if any one or several of them are successful.
So why are you involved with bit-pay? You could have just bought up a bunch of BTC instead. Are you doing charity work for the rest of us?
A company that has a significant amount of money invested in Bitcoin directly is crazy. Bitcoin can lose half of its value in an hour. That's not something you can build a business on...
Coinbase. Yes it's a wallet service. Seems pretty simple though and has silcon valley backers. I'm sure security is one of their top prioroties
Bitcoin currently is a bit confusing to those normal internet users who aren't savy with the latest tech news. I think something like coinbase will help in alleviating that confusion. Its modeled after paypal but doesn't charge any transaction fees. Should catch on well.
"Its modeled after paypal but doesn't charge any transaction fees."
Um, are you describing Coinbase or Bitcoin because all coinbase offers at the moment is another ewallet service. And we don't know how secure it is either.
Bitcoin currently is a bit confusing to those normal internet users who aren't savy with the latest tech news. I think something like coinbase will help in alleviating that confusion. Its modeled after paypal but doesn't charge any transaction fees. Should catch on well.
Why don't they accept bitcoin donations?
In a way, buying bitcoins is an investment in all bitcoin related companies. You'll stand to benefit if any one or several of them are successful.
So why are you involved with bit-pay? You could have just bought up a bunch of BTC instead. Are you doing charity work for the rest of us?
A company that has a significant amount of money invested in Bitcoin directly is crazy. Bitcoin can lose half of its value in an hour. That's not something you can build a business on...
tell me again why we want to have more hosted wallet sites? it just seems like an incredible target for hacking.
actually, have any exchanges escaped hacking yet?
actually, have any exchanges escaped hacking yet?
In a way, buying bitcoins is an investment in all bitcoin related companies. You'll stand to benefit if any one or several of them are successful.
So why are you involved with bit-pay? You could have just bought up a bunch of BTC instead. Are you doing charity work for the rest of us?
Can someone explain this: https://thefundersclub.com/download/legal/39/ ?
Quote
- Convertible note converting to Preferred Stock upon first Qualified Equity Financing at the price per share of the financing round with a maximum pre-money valuation of $10M
- If more favorable terms are offered to subsequent note holders, the fund may elect to receive those terms
-Converts at a $5M pre-money valuation to Series AA Preferred Stock if no Qualified Equity Financing occurs within 2 years of note, w/weighted average anti-dilution and 1x liquidation preference
-Converts at lesser of $5M or fair market value to Preferred Stock if Change of Control or IPO occurs within 2 years of note without a Qualified Equity Financing, or the note may be paid off at fund’s option
- If more favorable terms are offered to subsequent note holders, the fund may elect to receive those terms
-Converts at a $5M pre-money valuation to Series AA Preferred Stock if no Qualified Equity Financing occurs within 2 years of note, w/weighted average anti-dilution and 1x liquidation preference
-Converts at lesser of $5M or fair market value to Preferred Stock if Change of Control or IPO occurs within 2 years of note without a Qualified Equity Financing, or the note may be paid off at fund’s option
After reading the documents about coinbase on thefundersclub it appears that their valuation for this funding is $5 million. So they are giving away 5% equity for $250k. Not positive on this. Not a securities lawyer 
Yes you can, investing in bitcoin means putting trust in it which in exchange raises trust levels in other individuals, who build an ecosystem around it.
And somebody still have to build their niches.
...
Because you need an ecosystem for bitcoin to be successful. You can't just buy bitcoin and expect the ecosystem to grow.
Because you need an ecosystem for bitcoin to be successful. You can't just buy bitcoin and expect the ecosystem to grow.
Yes you can, investing in bitcoin means putting trust in it which in exchange raises trust levels in other individuals, who build an ecosystem around it.
https://bitcointalksearch.org/topic/m.1130677
When you save money, you produce but do not consume. That's great. You deposit but do not withdraw, loaning everyone else use of the benefits of your labor. Deferred consumption should be rewarded as it's a form of investment.
In a way, buying bitcoins is an investment in all bitcoin related companies. You'll stand to benefit if any one or several of them are successful.
So why are you involved with bit-pay? You could have just bought up a bunch of BTC instead. Are you doing charity work for the rest of us?
Because you need an ecosystem for bitcoin to be successful. You can't just buy bitcoin and expect the ecosystem to grow.
In a way, buying bitcoins is an investment in all bitcoin related companies. You'll stand to benefit if any one or several of them are successful.
So why are you involved with bit-pay? You could have just bought up a bunch of BTC instead. Are you doing charity work for the rest of us?
In a way, buying bitcoins is an investment in all bitcoin related companies. You'll stand to benefit if any one or several of them are successful.
I agree that it's probably a good investment, and I also would like to see projects like that grow.
But don't you think investing in BTC is better at this point ?
If coinbase take off, then btc will also take off. The opposite is not necessarily true
Thoughts ?
But don't you think investing in BTC is better at this point ?
If coinbase take off, then btc will also take off. The opposite is not necessarily true
Thoughts ?
Yeah, lots of Kickstarter-like sites, but for actual equity, are springing up (will launch when the regs go into effect next year). I predict kind-of a wild-west of crowd-equity-funding for a couple years. Startups should have much easier access to seed capital, until enough un-diligent people/investors get burned sufficiently to yield a bunch of irritating negative press. So there'll be a big pull-back, etc, but long-term, I'm optimistic that this will really help good teams with good ideas get funding quicker and easier than now.
Looks like this is being done through thefundersclub.com.
...
So you have to be fairly wealthy to invest. Lame lame lame.
...
So you have to be fairly wealthy to invest. Lame lame lame.
The good news is US securities laws will change in "January 2013 ? don't quote me on the date " and will allow crowd funding by investors who are not "accredited" (i.e. us normal shlubs). Probably the only decent piece of legislation Obama has passed.
Looks like this is being done through thefundersclub.com.
From their 'How It Works' page https://thefundersclub.com/site/howitworks/:
So you have to be fairly wealthy to invest. Lame lame lame.
From their 'How It Works' page https://thefundersclub.com/site/howitworks/:
Quote
Who can invest in FundersClub funds?
Accredited US investors can invest in FundersClub funds. Accredited investors are defined as individuals with greater than $200,000 of annual income (or $300,000 combined income with a spouse) or investors with $1 million or greater personal net worth, not including their primary residence. Entities in which all of the equity owners fall within the “individual” qualifications, as well as trusts with total assets greater than $5 million whose purchase is directed by a person with knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of the prospective investment may also invest. All potential investors will need to complete an investor qualification questionnaire, which will be part of the legal documents you will need to sign, before any investment request is accepted.
Accredited US investors can invest in FundersClub funds. Accredited investors are defined as individuals with greater than $200,000 of annual income (or $300,000 combined income with a spouse) or investors with $1 million or greater personal net worth, not including their primary residence. Entities in which all of the equity owners fall within the “individual” qualifications, as well as trusts with total assets greater than $5 million whose purchase is directed by a person with knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of the prospective investment may also invest. All potential investors will need to complete an investor qualification questionnaire, which will be part of the legal documents you will need to sign, before any investment request is accepted.
So you have to be fairly wealthy to invest. Lame lame lame.
Either fairly wealthy or married and wealthy. Not nice. I would be more supportive if coinbase reached out to the community more.
I don't know much about coinbase (yet), but the investor restrictions are due to SEC regs. The JOBS act passed this spring actually opens up these restrictions considerably, allowing for true equity crowd-funding in the US. The SEC will probably have their regs revised sometime mid next year.
Looks like this is being done through thefundersclub.com.
From their 'How It Works' page https://thefundersclub.com/site/howitworks/:
So you have to be fairly wealthy to invest. Lame lame lame.
From their 'How It Works' page https://thefundersclub.com/site/howitworks/:
Quote
Who can invest in FundersClub funds?
Accredited US investors can invest in FundersClub funds. Accredited investors are defined as individuals with greater than $200,000 of annual income (or $300,000 combined income with a spouse) or investors with $1 million or greater personal net worth, not including their primary residence. Entities in which all of the equity owners fall within the “individual” qualifications, as well as trusts with total assets greater than $5 million whose purchase is directed by a person with knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of the prospective investment may also invest. All potential investors will need to complete an investor qualification questionnaire, which will be part of the legal documents you will need to sign, before any investment request is accepted.
Accredited US investors can invest in FundersClub funds. Accredited investors are defined as individuals with greater than $200,000 of annual income (or $300,000 combined income with a spouse) or investors with $1 million or greater personal net worth, not including their primary residence. Entities in which all of the equity owners fall within the “individual” qualifications, as well as trusts with total assets greater than $5 million whose purchase is directed by a person with knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of the prospective investment may also invest. All potential investors will need to complete an investor qualification questionnaire, which will be part of the legal documents you will need to sign, before any investment request is accepted.
So you have to be fairly wealthy to invest. Lame lame lame.
Either fairly wealthy or married and wealthy. Not nice. I would be more supportive if coinbase reached out to the community more.
Looks like this is being done through thefundersclub.com.
From their 'How It Works' page https://thefundersclub.com/site/howitworks/:
So you have to be fairly wealthy to invest. Lame lame lame.
From their 'How It Works' page https://thefundersclub.com/site/howitworks/:
Quote
Who can invest in FundersClub funds?
Accredited US investors can invest in FundersClub funds. Accredited investors are defined as individuals with greater than $200,000 of annual income (or $300,000 combined income with a spouse) or investors with $1 million or greater personal net worth, not including their primary residence. Entities in which all of the equity owners fall within the “individual” qualifications, as well as trusts with total assets greater than $5 million whose purchase is directed by a person with knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of the prospective investment may also invest. All potential investors will need to complete an investor qualification questionnaire, which will be part of the legal documents you will need to sign, before any investment request is accepted.
Accredited US investors can invest in FundersClub funds. Accredited investors are defined as individuals with greater than $200,000 of annual income (or $300,000 combined income with a spouse) or investors with $1 million or greater personal net worth, not including their primary residence. Entities in which all of the equity owners fall within the “individual” qualifications, as well as trusts with total assets greater than $5 million whose purchase is directed by a person with knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of the prospective investment may also invest. All potential investors will need to complete an investor qualification questionnaire, which will be part of the legal documents you will need to sign, before any investment request is accepted.
So you have to be fairly wealthy to invest. Lame lame lame.
Brian made a bold claim on the Huff Po live show that an African country will adopt bitcoin in 5 to 10 years. I wonder if there are plans in his company to make this happen.
I just want to point out this kind of thing already happens in Africa. (sort of)
In lands like Zimbabwe where the coin just keep deflating because the government keeps printing money. The people almost stop using the national currency. They use pre-paid cellphone credit. So in stead op paying cash, they send pre-paid credit to the other persons cell phone. The pre-paid currency is in $ so it doesn't deflate and their money is safe this way.
If you see this, I see a place for bitcoin in this system. The only problem is you still need an internet connected phone to do this. If this problem gets solved, I see it as a possibility a country would adopt this currency (as a secondary currency used by the people).
-Timbo925
Very interesting. How many percent of the company does the full $250K represent in stock?
If you find an answer, please post here. I couldn't find the info either.
Brian made a bold claim on the Huff Po live show that an African country will adopt bitcoin in 5 to 10 years. I wonder if there are plans in his company to make this happen.
I thought he said a country will adopt bitcoin within 5 years.
The only question is: which country would be so bold as to adopt bitcoin as their official currency?
Maybe not the boldest country but the country with the most inflation.
Brian made a bold claim on the Huff Po live show that an African country will adopt bitcoin in 5 to 10 years. I wonder if there are plans in his company to make this happen.
I thought he said a country will adopt bitcoin within 5 years.
The only question is: which country would be so bold as to adopt bitcoin as their official currency?
Brian made a bold claim on the Huff Po live show that an African country will adopt bitcoin in 5 to 10 years. I wonder if there are plans in his company to make this happen.
Very interesting. How many percent of the company does the full $250K represent in stock?
Investing in coinbase is also betting that bitcoin is going to take off. It's a double bet.
I think coinbase will have a bright future..
Lets see here:
Recent Investors:
Y Combinator (including Andreessen Horowitz, SV Angel, Yuri Milner, and General Catalyst), Alexis Ohanian, Greg Kidd, Garry Tan, and Harj Taggar.
What will I get when I invest?
Ownership in units of a fund set up for investment in Coinbase (see Investment Terms for details)
Membership in FundersClub Investor Club - network of FundersClub investors that get special invitations and early access to deals, invitations to private events with FundersClub investors and founders, membership gifts and other benefits
Thank you video from CEO
Inclusion on “Insider investor distribution list” to keep you in the loop when we hit certain milestones and also to ask for targeted help and advice (e.g., if we are looking for a new employee or connection, would love your help!)
Connect with Brian on Linked In
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Lets see here:
Recent Investors:
Y Combinator (including Andreessen Horowitz, SV Angel, Yuri Milner, and General Catalyst), Alexis Ohanian, Greg Kidd, Garry Tan, and Harj Taggar.
What will I get when I invest?
Ownership in units of a fund set up for investment in Coinbase (see Investment Terms for details)
Membership in FundersClub Investor Club - network of FundersClub investors that get special invitations and early access to deals, invitations to private events with FundersClub investors and founders, membership gifts and other benefits
Thank you video from CEO
Inclusion on “Insider investor distribution list” to keep you in the loop when we hit certain milestones and also to ask for targeted help and advice (e.g., if we are looking for a new employee or connection, would love your help!)
Connect with Brian on Linked In
----
Have you guys seen that Coinbase is actually accepting equity investments from crowdfunding. It's listed on TheFundersclub. What do you guys think? Is Coinbase a solid investment? What are the positives and negatives? Do you use Coinbase currently? Why or why not? By the way here is a link to it posted on the Crowd Funding Forum.....
http://crowdfundingforum.com/showthread.php/618-Coinbase
Opinions are appreciated!
Rob
http://crowdfundingforum.com/showthread.php/618-Coinbase
Opinions are appreciated!
Rob
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