Connect with us

Blockchain & AI

WORLD TENNIS ICON SERENA WILLIAMS INVESTED IN COINBASE IN 2014

Serena Williams, four-time Olympic gold medallist and eight time world no. 1 tennis player, invested in Coinbase in 2014.

According to an Instagram post from 17th April, Serena Jameka Williams, the four-time Olympic gold medallist tennis player, back in 2014 she launched an investment business called Serena Ventures, and quietly invested in more than thirty companies – on of which was San Francisco-based Coinbase.

Now, in 2019, Serena Ventures claims the market cap of its portfolio is more than $12 billion! Its investment portfolio also includes Tonal, Rockets of Awesome, billie, OLLY, Honeylove, Floravere, S by Serena, Brandless, Lola, Daily Harvest, Propel, The Wing, Mayvenn, Little Spoon, Gobble, Teespring, Impossible, Wave, Adela, Masterclass, and Neighborhood Goods .

Proving that some people are just superhumans, in addition to her four Olympic gold medals, Williams was ranked world No. 1 no less than eight times by the Women’s Tennis Association, and her net worth is now estimated to be around $180 million.

Investing in Coinbase back in 2014 was certainly a smart move. Founded in June 2012 the company, by 2018 the company was being reported as valued at around $8 billion. Today is offers cryptocurrency – fiat exchange services in 32 countries and crypto transactions and storage in 190 countries.

Despite the extended ‘Crypto Winter’ and collapse in ICOs over the past year, Reuters recently reported that venture capital investment in blockchain and crypto startups is expected to break records this year, with even the US federal government expected to increase its blockchain spending more than 1,000% to $123.5 compared to the $10.7m spent in 2017 (IDC Government Insights).

AYO.NEWS says:

As we have noted many times, despite the mainstream media declaring crypto ‘dead’ and either ignoring or completely misunderstanding blockchain, behind the scenes smart people and businesses have been diligently investing and developing. Though most people still see the 2016-17 crypto boom as a bubble, it may well eventually be seen as merely the very start of an all-encompassing revolution.

 

 

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *