Fred Ehrsam
Fred Ehrsam | |
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Born | Frederick Ernest Ehrsam III 1988 Boston, Massachusetts |
Education | Duke University |
Occupation | Co-founder and managing partner of Paradigm |
Known for | Executive, entrepreneur, co-founder of Coinbase |
Website | www.fredehrsam.org |
Frederick "Fred" Ernest Ehrsam III,[1] is an American business executive and investor who is the co-founder and managing partner of cryptocurrency investment firm Paradigm. He is also the co-founder of cryptocurrency exchange Coinbase.[2]
Education and early life[]
Ehrsam was born in 1988 in Boston, growing up in Concord, Massachusetts.[3] He played video games professionally in high school, and was an avid World of Warcraft player, which introduced him to the concept of in-game digital currencies.[4][2]
In 2010, Ehrsam graduated with distinction from Duke University,[4] earning a B.S. in computer science with a minor in economics.[5] At Duke, he was a member of the Sigma Alpha Epsilon fraternity.[6]
Career[]
After graduating from Duke, Ehrsam became a foreign exchange trader at investment bank Goldman Sachs in New York.[2][7] He learned about Bitcoin from a Georgetown University professor's paper, and began trading in his free time.[4]
Coinbase[]
In 2012, Ehrsam and Brian Armstrong co-founded Coinbase in an apartment in San Francisco, as a way for cryptocurrency enthusiasts to trade bitcoins and other digital currencies.[8][4] The two met on the Bitcoin subreddit forum.[4] Ehrsam served as Coinbase's first President.[9] Ehrsam reportedly reached out to his alma mater Duke to invest in Coinbase's 2015 Series C. He increased Duke's initial investment hundredfold.[10] In January 2017, he announced he was leaving the company, but would remain on its board.[8] He also reportedly still owned 8.9% of Coinbase stock as of April 2021, and was assigned to the company's audit committee before its April 2021 public offering.[9]
Ehrsam was featured as one of the main protagonists in the 2020 novel "Kings of Crypto: One Startup's Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street".[11]
Paradigm[]
In 2018, Ehrsam co-founded cryptocurrency investment firm Paradigm with former Sequoia Capital investor Matt Huang.[12] They founded the company to invest in cryptocurrencies and the companies that focus on that market, and became the firm's managing partners.[13][14] As of October 2020, the company had made 28 investments in cryptocurrency related companies.[12]
Recognition[]
- In 2013, Ehrsam was named to TIME Magazine's list of 30 People Under 30 Changing the World.[15]
- In 2014, at age 25, Ehrsam was named to Forbes' 30 under 30 list.[3]
References[]
- ^ Neghaiwi, Steve Stecklow, Anna Irrera, Brenna Hughes (2017-12-01). "Exclusive: Tezos founders push for legal bailout from Swiss foundation". Reuters. Archived from the original on 2019-08-16. Retrieved 2018-07-30.
- ^ a b c "#1664 Fred Ehrsam". Forbes. Retrieved April 13, 2021.
- ^ a b "30 Under 30: Futures Market". Forbes. June 30, 2014. Retrieved April 13, 2021.
- ^ a b c d e "Coinbase mafia shows how tight a circle holds sway over Bitcoin". Japan Times. March 1, 2021. Retrieved April 13, 2021.
- ^ Becker, Charles (2018-10-28). ""The downfall of Durham's historic Hayti: Propagated or preempted by urban renewal?"" (PDF). Duke University. Archived (PDF) from the original on 2018-10-28. Retrieved 2018-07-29.
- ^ SAE Alumni Directory. Evanston, IL: Sigma Alpha Epsilon Fraternity. 2018.
- ^ "BrokerCheck - Find a broker, investment or financial advisor". brokercheck.finra.org. Retrieved 2018-07-30.
{{cite web}}
: CS1 maint: url-status (link) - ^ a b "Why Coinbase's Cofounder Is Moving On". Fortune. January 21, 2017. Retrieved April 13, 2021.
- ^ a b "Coinbase Independent Directors Have Close Company Ties". Wall Street Journal. April 5, 2021. Retrieved April 13, 2021.
- ^ "Duke University's Early Coinbase Investment Could Now Be Worth $500M: Sources". Yahoo Money. March 26, 2021. Retrieved April 13, 2021.
- ^ Roberts, Jeff (December 15, 2020). Kings of Crypto: One Startup's Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street. Harvard Business Review Press. p. 188. ISBN 9781647820183.
- ^ a b "These Young Investors Betting Big On Crypto Are Taking Harvard And Stanford Along For The Ride". Forbes. October 18, 2020. Retrieved April 13, 2021.
- ^ "Fidelity, Square, Coinbase Launch Bitcoin Trade Group". Wall Street Journal. April 6, 2021. Retrieved April 13, 2021.
- ^ "Fred Ehrsam". Bloomberg. Retrieved April 13, 2021.
- ^ "These Are the 30 People Under 30 Changing the World: Fred Ehrsam". Bloomberg. December 5, 2013. Retrieved April 13, 2021.
- 1988 births
- Living people
- Duke University alumni
- Businesspeople from California
- American software engineers
- American billionaires
- People associated with Bitcoin
- Goldman Sachs people
- Forbes 30 Under 30 recipients
- 21st-century American businesspeople
- Businesspeople from Boston
- People from Concord, Massachusetts