Fred Ehrsam

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Fred Ehrsam
Born
Frederick Ernest Ehrsam III
EducationDuke University
OccupationCo-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[edit]

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[edit]

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 went through the Y Combinator startup incubator .[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]Ehrsam remains an active member of the company's board of directors.[14]

In 2018, Ehrsam and Matt Huang of Sequoia Capital formed a crypto fund.[15][16][17] Sequoia subsequently accounted that it would invest in the new fund.[18]

Ehrsam currently resides in San Francisco.

Media appearances[edit]

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.[19]

Ehrsam appeared in the 2014 film The Rise and Rise of Bitcoin along with the other co-founder of Coinbase, Brian Armstrong.[20]

See also[edit]

References[edit]

  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. ^ a b c "Bitcoin Is Good". Recode. Retrieved 2018-07-30.
  7. ^ SAE Alumni Directory. Evanston, IL: Sigma Alpha Epsilon Fraternity. 2018.
  8. ^ a b 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. ^ a b 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. ^ "Why Coinbase's Cofounder Is Moving On". Fortune. Retrieved 2018-11-25.
  15. ^ 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.
  16. ^ "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.
  17. ^ "Coinbase Co-founder, Sequoia Partner Team up to Launch Crypto Fund". CCN. 2018-06-04. Retrieved 2018-07-30.
  18. ^ "Sequoia Capital partner leaves to start cryptocurrency fund". Axios. Retrieved 2018-07-30.
  19. ^ "The Most Powerful Person In Tech At Every Age". Business Insider. Retrieved 2018-07-30.
  20. ^ The Rise and Rise of Bitcoin (2014), retrieved 2018-07-30