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   Nicole Parsons (npars01@mstdn.social)'s status on Monday, 27-Jan-2025 17:41:19 JST Nicole Parsons

   in reply to

   • Chuck Darwin

   @cdarwin

   Cryotocurrency is faerie gold with national security implications.

   • Embed this notice
     Chuck Darwin (cdarwin@c.im)'s status on Monday, 27-Jan-2025 17:41:20 JST Chuck Darwin

     2021:
     Five years after mocking India's colonial past, #Marc #Andreesen, one of Silicon Valley’s foremost venture capitalists and a member of Facebook’s board, now wants to make money off India’s fancy for cryptos.

     Andreesen’s venture, #a16z [founded in 2009 by Marc Andreessen and Ben Horowitz], along with Coinbase Ventures, has invested $260 million in Series C round of CoinSwitch Kuber, the four-year-old Indian start-up which is an aggregator of crypto exchanges.

     Existing investors Paradigm, Ribbit Capital, Sequoia Capital and Tiger Global have also participated in the round.

     Following the massive fund infusion, CoinSwitch has become the country’s second crypto Unicorn, valued at $1.9 billion, after CoinDCX hit $1.1 billion after a $90 million Series C round in August.

     https://www.fortuneindia.com/opinion/hi-pmarca-welcome-to-colonial-free-india/105990

     Rich Felker repeated this.