Fred Ehrsam

Fred Ehrsam
Born Frederick Ernest Ehrsam III
Education Duke University
Occupation Co-founder of Coinbase

Fred Ehrsam, born Frederick Ernest Ehrsam III,[1][2] is an American entrepreneur and businessman who co-founded the digital currency exchange company Coinbase.

Early life and education

In 2006, Ehrsam graduated from Concord-Carlisle High School in Concord, Massachusetts.[3][4] In 2010, Ehrsam graduated with distinction from Duke University, earning a B.S. in computer science with a minor in economics.[5][6] At Duke, he was a member of the Sigma Alpha Epsilon fraternity.[7]

Career

After graduating from Duke, Ehrsam initially worked at Goldman Sachs in New York on the foreign exchange trading desk.[6] He also worked in New York at BlackRock as a portfolio analyst.[6]

Ehrsam left Goldman Sachs in 2012 to found Coinbase, a digital cryptocurrency exchange platform, with Brian Armstrong.[8][9] The company is affiliated with the Y Combinator startup incubator founded by Peter Thiel.[10] From 2012 to 2017, Ehrsam served as president of the company,[8] over which time the service reached 13 million users[11] and a valuation of $1.6 billion USD.[12] In late 2017, Ehrsam transitioned away from day-to-day operations at Coinbase to focus on building blockchain-based apps.[13]

In 2018, Ehrsam and Matt Huang of Sequoia Capital formed a crypto fund.[14][15][16] Sequoia subsequently accounted that it would invest in the new fund.[17]

Media appearances

Time magazine recognized Ehrsam as one of its 30 Under 30: World Changers in 2013.[10] Forbes named him to its list of the Most Powerful People in Tech in 2014.[18]

Ehrsam appeared in the 2014 film The Rise and Rise of Bitcoin along with the other co-founder of Coinbase, Brian Armstrong.[19]

See also

References

  1. ↑ "BrokerCheck - Find a broker, investment or financial advisor". brokercheck.finra.org. Retrieved 2018-07-30.
  2. ↑ Stecklow, Steve. "Exclusive: Tezos founders push for legal bailout from Swiss foundation". U.S. Retrieved 2018-07-30.
  3. ↑ Journal, Concord. "Concord-Carlisle High School senior awards". The Enterprise, Brockton, MA. Retrieved 2018-07-30.
  4. ↑ "Concord-Carlisle High School Class of 2006". Retrieved 2018-07-30.
  5. ↑ Becker, Charles; Ehrsam, Frederick (2010-05-03). "The downfall of Durham's historic Hayti: Propagated or preempted by urban renewal?" (PDF). Duke University. Retrieved 2018-07-29.
  6. 1 2 3 "Bitcoin Is Good". Recode. Retrieved 2018-07-30.
  7. ↑ SAE Alumni Directory. Evanston, IL: Sigma Alpha Epsilon Fraternity. 2018.
  8. 1 2 Shin, Laura. "Bitcoin's Blue Chip". Forbes. Retrieved 2018-07-30.
  9. ↑ "Goldman analyst quits for Bitcoin". eFinancialCareers. 2017-07-10. Retrieved 2018-07-30.
  10. 1 2 Nicks, Denver. "These Are the 30 People Under 30 Changing the World". Time. ISSN 0040-781X. Retrieved 2018-07-30.
  11. ↑ Cheng, Evelyn (2017-11-27). "Bitcoin exchange Coinbase has more users than stock brokerage Schwab". CNBC. Retrieved 2018-07-30.
  12. ↑ "Highest valued unicorn companies June 2018". Statista. Retrieved 2018-07-30.
  13. ↑ "Why Coinbase's Cofounder Is Moving On". Fortune. Retrieved 2018-07-30.
  14. ↑ Chernova, Yuliya (2018-06-01). "Matt Huang Leaving Sequoia Capital to Start Crypto Fund With Fred Ehrsam". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-07-30.
  15. ↑ "A top VC is teaming up with the co-founder of Coinbase to launch an investment fund that's all about cryptocurrency". Business Insider. Retrieved 2018-07-30.
  16. ↑ "Coinbase Co-founder, Sequoia Partner Team up to Launch Crypto Fund". CCN. 2018-06-04. Retrieved 2018-07-30.
  17. ↑ "Sequoia Capital partner leaves to start cryptocurrency fund". Axios. Retrieved 2018-07-30.
  18. ↑ "The Most Powerful Person In Tech At Every Age". Business Insider. Retrieved 2018-07-30.
  19. ↑ The Rise and Rise of Bitcoin (2014), retrieved 2018-07-30
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