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Coinbase's Roots




Coinbase Is Great

If you're a vet to the bitcoin and crypto currency world, you've very likely heard of a little company called Coinbase (my personal wallet of choice). I stumbled across a incubator called Y Combinator, this company had incubated Coinbase into the bitcoin wallet-ing behemoth that it is today.

Y Combinator puts $120,000 into tech startups and they help incubate (mentor and such) them to ensure they grow large. Now, why give out this money, just the goodness of their generous hearts? No, not so much. This company takes a % equity in each business they incubate, from 5-10%. If you visit their site, you can see all the huge companies they's worked on, owning a fair stake in each one.

To bring this into perspective, they own 10% of Reddit and Twitch, Twitch was acquired by google. What i'm trying to say here, the incubation of coinbase by this company is a really big deal, and it gives me (and hopefully you) huge hope for the crypto-currency community and virtual currencies in general as a legitimate currency and platform
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Location: Toronto, ON, Canada

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