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Nas Won! Rap Icon Nas Could Net $100M When Coinbase Lists On Nasdaq



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 1 month ago '07        #1
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Avon_Barksdale  topics gone triple plat - Number 1 spot x88
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Nas Won! Rap Icon Nas Could Net $100M When Coinbase Lists On Nasdaq
 

 
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U.S. rapper Nasir Jones (better known by his stage name, Nas) is among the fortunate few to have made early investments in Coinbase, the cryptocurrency exchange expected to reach over $100 billion in valuation when it's COIN stock lists on Wednesday.

Jones’ investment firm, QueensBridge Venture Partners, got into Coinbase’s Series B round back in 2013 when it raised $25 million. Around that time Coinbase was valued at about $143 million, according to PitchBook.

The Nas news shows just how far Coinbase’s public listing will ripple across the world of venture capital, with everyone from Wall Street veterans to A-list celebrities all standing to win big when the chips fall this week.

QueensBridge, which was also a backer of Robinhood in 2013 and later Lyft and Dropbox, makes early-stage investments of between $100,000 and $500,000, according to Jones’ QueensBridge co-founder Anthony Saleh.

Dividing the firm’s $100,000–$500,000 stake by the share price at the time of Coinbase’s Series B ($1.00676) points to QueensBridge owning around 99,329 shares on the low end or 496,642 on the high end, according to an analysis by CoinDesk.

At the price that Coinbase shares last traded on private secondary markets – $350 per share – Jones’ firm would have a pot of somewhere between $34.76 million and $173.8 million.

If Coinbase shares trade at investment bank DA Davidson’s new price target of $440, QueensBridge could see the value of its Coinbase stake rise to $43.7 million and $218.5 million, respectively.

Saleh and Jones did not return requests for comment. Coinbase declined to comment.

But a source familiar with the matter confirmed QueensBridge remains on the Coinbase cap table.

The source added that Jones is a friend of Ben Horowitz, co-founder of Silicon Valley venture giant Andreessen Horowitz (a16z), one of Coinbase’s main backers, who may have told the musician the then-fledgling bitcoin exchange was a promising investment. QueensBridge had raised a $10 million fund in 2012, according to “A-List Angels” author Zack O’Malley Greenburg.

In addition to the well-picked startups QueensBridge backed between 2012 and 2014, Jones and Co. reportedly bagged around $40 million in 2018 after Amazon acquired the doorbell company Ring.

As well as the Menlo Park mafia of close-knit crypto VCs, Coinbase pulled in some interesting early investors back in the day, including the likes of the endowment fund of Duke University (Coinbase co-founder Fred Ehrsam’s alma mater) and angels like former Reuters CEO Tom Glocer and former Citigroup CEO Vikram Pandit.

Saleh, now a general partner at VC firm WndrCo, let his feelings about the upcoming Coinbase listing be known in a recent tweet. @kiss0fdeath


visit this link https://www.yahoo.com/fin .. 172556450.html
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100 comments
 

 1 month ago '16        #2
southernsmoke90  topics gone triple plat - Number 1 spot x4
Props total: 49371 49 K  Slaps total: 6418 6 K
I saw this on Twitter...incredible.

Nas may not have made early moves like Hov...but GODDAMN has he been making up for it recently.
+92   

 1 month ago '18        #3
WeedCanuckman  topics gone triple plat - Number 1 spot x13
Props total: 45541 45 K  Slaps total: 10195 10 K
to my goat
+28   

 1 month ago '07        #4
Avon_Barksdale  topics gone triple plat - Number 1 spot x88 OP
Props total: 217324 217 K  Slaps total: 19654 19 K
 southernsmoke90 said
I saw this on Twitter...incredible.

Nas may not have made early moves like Hov...but GODDAMN has he been making up for it recently.
 WeedCanuckman said
to my goat
My GOAT too...

+26   

 1 month ago '15        #5
6Fraud  topics gone triple plat - Number 1 spot x16
Props total: 65934 65 K  Slaps total: 21401 21 K
sh*t thats what’s up I hate when my fav artist end up broke or struggling after all that work they put in
+50   

 1 month ago '16        #6
smokeytheblunt2 
Props total: 42991 42 K  Slaps total: 2414 2 K
he deserves 100 mil just for making Illmatic...........


NAS Mars helicopter coming to a red planet far away from you........
+50   

 1 month ago '11        #7
R3alMonsters 
Props total: 4072 4 K  Slaps total: 188 188
Ain't nothing like your favorite emcee still making some mean cash
+48   

 1 month ago '19        #8
WestPittsburg 
Props total: 13298 13 K  Slaps total: 2547 2 K
Nas gona be straight for life
+14   

 1 month ago '05        #9
Tha Boss  topics gone triple plat - Number 1 spot x10
Props total: 98118 98 K  Slaps total: 37074 37 K
Somewhere when this news broke




=





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 1 month ago '16        #10
Ravishing  topics gone triple plat - Number 1 spot x1
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It's always forward I'm moving, never backwards stupid
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 1 month ago '05        #11
Danger Zone 
Props total: 33680 33 K  Slaps total: 1266 1 K
Respect

Get into investing fellas
+22   

 1 month ago '05        #12
projectd06 
Props total: 26090 26 K  Slaps total: 6580 6 K
Nas making 100mil or his investment group? Good for him either way though.
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 1 month ago '16        #13
smokeytheblunt2 
Props total: 42991 42 K  Slaps total: 2414 2 K
so now when people want to bring money into the best rapper of all time conversation you can you really shut a motherfu*ker up(even before this NAS was making a k*lling the last few years anyway)...........


those people can pick between Jay and NAS now and Jay wasnt the MC those people are usually arguing for........
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 1 month ago '20        #14
Slymm 
Props total: 9107 9 K  Slaps total: 404 404
 southernsmoke90 said
I saw this on Twitter...incredible.

Nas may not have made early moves like Hov...but GODDAMN has he been making up for it recently.
Super facts his last 10 years have been impressive
+15   

 1 month ago '16        #15
southernsmoke90  topics gone triple plat - Number 1 spot x4
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 Slymm said
Super facts his last 10 years have been impressive
Insane...
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 1 month ago '19        #16
Richy 
Props total: 1226 1 K  Slaps total: 226 226
Hov taught em all the game
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 1 month ago '07        #17
Avon_Barksdale  topics gone triple plat - Number 1 spot x88 OP
Props total: 217324 217 K  Slaps total: 19654 19 K
 R3alMonsters said
Ain't nothing like your favorite emcee still making some mean cash
Damn, I see that bar went over some people's head's in here...

+18   

 1 month ago '07        #18
Avon_Barksdale  topics gone triple plat - Number 1 spot x88 OP
Props total: 217324 217 K  Slaps total: 19654 19 K

 Richy said
Hov taught em all the game
+18   

 1 month ago '13        #19
North!!!  topics gone triple plat - Number 1 spot x8
Props total: 101496 101 K  Slaps total: 9943 9 K
Is it love for a Queens dude in Supreme shoes
Or did the street code expire with these dudes?
Especially now, I don't expect you to bow, but stand
Creating jobs, named my venture from after the land
I came from, that's unheard of
A hood that's known for murder now doing mergers
The streets is a lie, don't believe these dudes, jail or death is all you get
They tell you never move, but when they get money, they split


This is real goals

Some of these lil lost n*ggaz rather be famous crash test dummies
+14   

 1 month ago '07        #20
Avon_Barksdale  topics gone triple plat - Number 1 spot x88 OP
Props total: 217324 217 K  Slaps total: 19654 19 K
 Tha Boss said
Somewhere when this news broke




=




+5   

 1 month ago '07        #21
Avon_Barksdale  topics gone triple plat - Number 1 spot x88 OP
Props total: 217324 217 K  Slaps total: 19654 19 K
 North!!! said


This is real goals

Some of these lil lost n*ggaz rather be famous crash test dummies


+5   

 1 month ago '13        #22
uoeno  topics gone triple plat - Number 1 spot x7
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damn. thats crazy.
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 1 month ago '20        #23
SC2 
Props total: 1635 1 K  Slaps total: 658 658
Estimated 100mil when they LIST only! ..im sure the stock will go higher. Analysts says the stock can rise up to $400 (or more) per share.. thus his investment will rise over a 100mil for his team...


NAS..You're the man..



Last edited by SC2; 04-13-2021 at 08:29 AM..
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 1 month ago '18        #24
Mr Tibbs 
Props total: 18748 18 K  Slaps total: 1908 1 K
 southernsmoke90 said
I saw this on Twitter...incredible.

Nas may not have made snake moves like Hov...but GODDAMN has he been making up for it recently.
sorry snakes, it is what it is.
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 1 month ago '16        #25
southernsmoke90  topics gone triple plat - Number 1 spot x4
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 Mr Tibbs said
sorry snakes, it is what it is.
My tweet wasn't dissing Hov, just bigging Nas up
+3   



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