This means Durant's stake will have increased 6,150 percent, Marketwatch reports, though it is unclear how much the sports star put in. 12. Nas ' investment firm, QueensBridge Venture Partners, could be banking big on Coinbase going public on the Nasdaq via a direct listing on Wednesday. The basketball star is known to make start-up investments. In 2015, Durant told ESPN's Fantasy Football Focus podcast: "I would definitely love to own a team, you know hopefully one of these years, toward the end of my career.". In other words, Nas' early investment is about to pay off, big time. In April last year, the Shiba Inu market cap barely registered anything but in April 2022 there are well over 1,000 Shiba Inu wallets valued at over $1 million. Women of Power TECH, PODCASTS Aside from being a highly-regarded rapper, Nas has made a name for himself as a tech investor. Submit a correction suggestion and help us fix it! Last year, Amazon bought PillPack and Ring two companies Nas invested in for north of a billion dollars. Queensbridge revealed it was an investor in Coinbase back in 2013, when it helped raise $25 million in a Series B funding round. Since then, Coinbase has been listed on the NASDAQ. Contact At the lower end of this range, Durant's 2017 investment would now be worth $15.3 million. On a gray morning in May 2016, I left my office in downtown San Francisco and walked down Montgomery Street, to Wells Fargo. How much money did Nas make on Coinbase? AMZN His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. With Coinbase trading at an average price of $350 yesterday, Nas and his VC firm stand to earn between $34.76 million and $173.8 million ROI, according to Coindesk. The market value of the rapper has thus also shot up. Privacy Policy } Queensbridge revealed it was an investor in Coinbase back in 2013, when it helped raise $25 million in a Series B funding round. Armstrong owns a stake of about 19% in Coinbase, and his estimated net worth is $14.7 billion. Hypebeast is a registered trademark of Hypebeast Hong Kong Ltd. Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more. How much did Chamillionaire sell his app for? Rapper Nas founded QueensBridge Venture Partners in 2013. Rapper Nasir Jones, known better as Nas, has emerged as an unlikely winner in todays Coinbase IPO. div_id: 'div-gpt-ad-rightrail-1', }).render('1b37e0aabe7e47acbf988f0bd583eba5'); According to CoinDesk, this would make his share quantity range anywhere from 99,329 496,642. tude.cmd.push(function() { Invest Your Money If you want to get rich from nothing, investing is a must. You may opt-out by. INFORMATION Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy." 64 Countries. display: none !important; page_type: 'article', 44. Some of Nas' early tech investments include Dropbox, Coinbase, Ring Lyft, Genius, and Pluto TV. baseDivId: 'pb-slot-right-1', But, a true NYC native. The specific amount is not known but Anthony Saleh, a partner at QueensBridge, told CNBC the group tends to invest between $100,000 and $500,000 in a company. Amid increasing popularity in the cryptocurrency market, shares went as high as $430, giving the company a short-lived valuation of over $100 billion. Jones venture capital portfolio expands beyond just Coinbase. Shiba Inu has a direct relationship with the Bitcoin price. Economic Equity & Racial Justice Townhall Series, Elevate Black Podcast sponsored by Fifth Third Bank, 100 Founders of Change by American Express, Chasing Success Podcast by JP Morgan Chase, Black Business Month Sponsored by Nationwide, 2022 Registry Of Corporate Directors Listing, 2021 BE Registry Of Corporate Directors Listing. Some customers may have fallen victim to a phishing . Eight years later, Coinbase is scheduled to go public and be listed on NASDAQ Wednesday (April 14th), which could potentially bring its value to $100 billion. Royal NFTs are certificates of authenticity that point to ownership of rights of a song, and not the audio file itself. Long crypto forever. As per reports, the stock closed at $328 during the first day of trading, which came around to a whopping $86 billion valuation. Two-time NBA champion Kevin Durant just joined rapper Nas in earning huge payouts from their early investments in the cryptocurrency trading platform Coinbase. That . Jones investing up to $500k into small technology-based startup companies. } The return on investment could help Durant move closer to his goal of owning an NFL team at some point in the future. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Other major cryptocurrency exchanges like Gemini and Stellar had not yet been founded. 4. ABOUT Back then, it was worth roughly $143 million. The underwriting banks guarantee a minimum price per share in exchange for fairly high fees among other costs. Millionaire Rapper Snoop Dogg Invests in Billion Dollar Fintech Klarna. 32. Through QueensBridge, Nas made an investment in Coinbase back in 2013 when the trading platform was only around one year old. Coindesk also reported that a source familiar with QueensBridge confirmed Nas companywas still on the cap table. pos: 'right_rail_3', The track itself is a standard and forgettable hip hop ballad. QueensBridge, which has invested in companies like Robinhood, Lyft, and Dropbox, could get from $34.76 million to $173.8 million based on a formula of $350 per share (QueensBridge owns anywhere from 99,329 shares to 496,642). Here's an example: if a customer wants to buy $100 of bitcoin with a U.S. bank account or digital wallet, the flat fee would be $2.99 and the variable fee would be $1.49, so the customer would pay a $2.99 fee on the transaction. Your Promocode. 100 companies pitch QueensBridge Ventures every month but they invest in fewer than three of them. The price of Nebulas has risen by 5.02% in the past 7 days. in sickness & in health.. That value could also rise to$43.7 million and $218.5 million, respectively, if Coinbase shares trade at investment bank DA Davidsons new price target of $440, Coindesk reports. Speaking of electricity: Selim Basak September 10, What is your position and what gesture are you ready to make to correct? Follow the instructions for disabling the ad blocker on the site youre viewing. }); EVENTS Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps. Moonbirds NFTs Soar, Making. div_id: 'div-gpt-ad-rightrail-2', Changpeng Zhao, $65 billion Zhao is the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume. 2023 Celebrity Net Worth / All Rights Reserved. Back then, it was worth roughly $143 million. }); !function(n){if(!window.cnx){window.cnx={},window.cnx.cmd=[];var t=n.createElement('iframe');t.display='none',t.onload=function(){var n=t.contentWindow.document;c=n.createElement('script'),c.src='//cd.connatix.com/connatix.player.js',c.setAttribute('async','1'),c.setAttribute('type','text/javascript'),n.body.appendChild(c)},n.head.appendChild(t)}}(document); Nas has also invested in hot properties like Genius, Dropbox, Lyft, and SeatGeek. Coinbase said funds were stolen from atleast 6,000 customers due to a phishing attack that took place between March and May. Theres speculation that Horowitz informed Nas that investing in Coinbase would be beneficial for him. targeting: { Revealing what Zeus and Thors dynamic could have been. What year did Nas invest in Coinbase? 6. The Queensbridge native has earned big from his early investments in startups like Dropbox, Ring, Parachute, Robinhood, and many others. This has helped Coinbase secure nearly $540M in equity financing from some of the biggest-name VCs, and vaulted the company into the unicorn club.. If you think you missed the chance to become one of many Shiba Inu millionaires over the past year, here's why you should check out EverGrow Coin. Our Latest Podcast, Spotify, Apple Music, and YouTube Music Are Only Getting Bigger Which Is Great News for Niche Streaming Platforms, Meet the Artist Who Is Literally Saving His Fans Lives Our Latest Podcast, How to Game the Billboard Charts (And Why You Shouldnt), UMG-Tidal Collaboration Extends to Deezer and Video-Sharing Services: The Artist-Centric Approach Is Not Limited Solely to Streaming, McDonalds Franchisees Pushing Back on Cardi B & Offset Meal, Korean Court Prohibits SM Entertainment From Issuing Shares As Hybe Charts Acquisition Plans With New Campaign, Universal Music Group Posts Double-Digit Q4 Revenue Growth, Reiterates Streaming-Reform Plans, How To Use Imposter Syndrome to Your Advantage, How Much Does TikTok Pay You? LYFT Shiba Inu Price Prediction 2025 It is assumed that in 2025, the minimum SHIB price might drop to $0.00004255, while its maximum can reach $0.00005170. Depending on how close the share price gets to the $440 USD target, as it just closed out at $350 USD on private secondary markets, Nas QueensBridge Venture Partners could brand anywhere from $34.76 million $218.5 million USD. 21, 2020. Moreover, Tidal in late August of 2020 acquired $7 million worth of Sensorium VR tokens, which will serve as the official currency of Sensoriums upcoming Galaxy hub. 5. When Coinbase raised $25 million in a Series B funding round in 2013, Queensbridge announced it was an investor. Cryptocurrency trading platform Coinbase had a hugely successful debut on the Nasdaq stock exchange after going public Wednesday, resulting in a likely windfall for early investors such as basketball star Kevin Durant and rapper Nas. Are small businesses vulnerable to cyber attacks? How much working capital do I need when buying a business? Back then, it was worth roughly $143 million. Nas and Snoop Dogg invested in Robinhood 7 years ago. Some of Nas' early tech investments include Dropbox, Coinbase, Ring Lyft, Genius, and Pluto TV. ]); Fans are divided about the reference in his new song. Along with a capital injection from investment firm White Owl Partners, Mass Appeal was soon resurrected from a dead brand to one that today operates a quarterly print publication, creative agency, a digital video production company and documentary production company. Women of Power Summit QueensBridge invested in Coinbase's 2013 Series B round which raised $25 million and gave the company a valuation of $143 million. Rapper Nas Scored $40 Million From Coinbase's IPO. Nasir Jones' QueensBridge Venture Partners invested in 2013. What happens when no more shares to short? Stand Out. ]); A source familiar with the matter confirmed QueensBridge is still on the Coinbase cap table. Founded in 2005 in Stockholm, Swedish fintech giant Klarna was valued at $2.5 billion last year. "My photo the Jordan logo of this rap s," raps Nas on 2021 . His foray into venture investing was born back in 2013 when he made a six-figure investment in a defunct media brand called "Mass Appeal." 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 its COIN stock lists on Wednesday. The EPMD artist and his venture-capital firm, which has also exited investments in Dropbox and Lyft, participated in Coinbases $25 million Series B funding round in 2013, when the now-massive company was valued at a comparatively small $143 million or so. QueensBridge makes. It's no secret that cryptocurrency exchange Coinbase's IPO made a lot of people money, but one surprising winner was Nas, the iconic east-coast rap icon.Apr 16, 2021 Ring is a home security company that manufactures security cameras and doorbells. kw: 'mandc,kevin-durant,nas', It's no secret that cryptocurrency exchange Coinbase's IPO made a lot of people money, but one surprising winner was Nas, the iconic east-coast rap icon. tag: 'mandc,kevin-durant,nas',

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