Predict your next investment

Angel Investor (Individual)

See what CB Insights has to offer

Investments

19

Portfolio Exits

2

About Fred Ehrsam

Fred Ehrsam Headquarter Location

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Fred Ehrsam News

Coinbase Executives Have Sold Over $1 Billion in Shares Since February

May 27, 2022

Coinbase Executives Have Sold Over $1 Billion in Shares Since February: WSJ by Shutterstock photo by askarim Markets May. 15, 2022 Press Release1 day ago Press Release1 day ago Key Takeaways Four Coinbase executives sold off approximately $1.2 billion of shares in a series of sales beginning this February. Those executives include co-founder Fred Ehrsam, CEO Brian Armstrong, COO Emilie Choi, and CPO Surojit Chatterjee. Coinbase's stock fell in value this month, seemingly due to lost profits in a weakening cryptocurrency market. Share this article URL Copied Four of Coinbase’s leading executives have sold over $1 billion in shares, according to reports from the Wall Street Journal. Executives Sold Stocks for $1.2 Billion The Wall Street Journal has analyzed regulatory recent filings from Coinbase and found that four of the company’s leading executives have earned $1.2 billion from stock sales since February. According to the report , Co-founder and CEO Brian Armstrong and his living trust sold shares for $292 million. COO Emilie Choi exercised options at a cost of $9.7 million and sold her shares for $226 million. Co-founder Fred Ehrsam sold the most stock, earning nearly $500 million from his shares. Finally, CPO Surojit Chatterjee exercised options at a cost of $6 million and earned $110 million by selling shares. It seems that each individual still owns shares of the company’s stock. A Coinbase representative told the Wall Street Journal that the executives “maintain large positions in the company, reflecting their commitment to our long-term opportunities.” Ehrsam, notably, bought back $75 million of Coinbase’s stock this month, even as prices plunged downward. Will Coinbase Stock Recover? The value of Coinbase’s stock (COIN) is $75.32 as of Wednesday, May 26. That price is close to its earlier low this month of $53.72. Though executive sales took place when the stock had a somewhat higher value, it seems that declining prices motivated at least some of the sales. The company’s stock opened at $381 in April 2021 , and Coinbase executives sold at prices between $189 to $422. Coinbase’s declining stock value is likely the result of a weak crypto market. Bitcoin is now worth $28,900—its lowest value since December 2020. Poor market conditions caused Coinbase’s year-over-year revenue to drop by 27% this month. Despite these issues, Coinbase’s stock has a promising outlook according to some analysts. One Cowen analyst suggests that COIN has a 27% upside and target of $85, based mainly on Coinbase’s approaches to security and regulatory compliance. Coinbase was also added to the Fortune 500 list this week; it is the first cryptocurrency exchange to earn that status. Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and other cryptocurrencies. Share this article

Fred Ehrsam Investments

19 Investments

Fred Ehrsam has made 19 investments. Their latest investment was in Mindstate Design Labs as part of their Seed VC on February 2, 2022.

CBI Logo

Fred Ehrsam Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/12/2022

Seed VC

Mindstate Design Labs

$11.5M

Yes

4

11/30/2021

Seed VC

Praxis

$4.2M

Yes

1

7/30/2021

Series C

Neuralink

$205M

Yes

58

6/23/2021

Angel

Subscribe to see more

$99M

Subscribe to see more

10

6/22/2021

Angel

Subscribe to see more

$99M

Subscribe to see more

10

Date

2/12/2022

11/30/2021

7/30/2021

6/23/2021

6/22/2021

Round

Seed VC

Seed VC

Series C

Angel

Angel

Company

Mindstate Design Labs

Praxis

Neuralink

Subscribe to see more

Subscribe to see more

Amount

$11.5M

$4.2M

$205M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

4

1

58

10

10

Fred Ehrsam Portfolio Exits

2 Portfolio Exits

Fred Ehrsam has 2 portfolio exits. Their latest portfolio exit was Forge Global on March 22, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/22/2022

Reverse Merger

$99M

4

6/24/2019

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/22/2022

6/24/2019

Exit

Reverse Merger

Acquired

Companies

Subscribe to see more

Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

4

10

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.