View profile

Its coinbase time

Its coinbase time
By Keith Teare • Issue #252 • View online
Coinbase listed in New York and is now worth over $60 billion. The listing symbolizes the coming of age of Bitcoin and the Blockchain.

Let’s start at the end - Tweet of the Week. Dr. Alex Gouaillard, known to friends and business partners as Dr. Alex, was tragically killed last week due to a motor vehicle accident in Thailand. He had just been visiting the family of his daughter while dropping her at her School. Dr. Alex was the founder of Cosmo Software, the parent company of Millicast. At the Internet Engineering Task Force (IETF) and the World Wide Web Consortium (W3C), he was known as a thought leader in the evolution of WebRTC and, in particular, the ability to stream real-time video free of the latency that the old standards exhibit.
Only today, Google released Chrome 90 with a new video codec - AV1. It contains work done by Dr. Alex’s Cosmo Software colleague Sergio Garcia Murillo.
The team at Cosmo and Millicast is devastated, but at the same time, has a very strong commitment to using their ability to continue the work Dr. Alex led. And due to the company he kept, the team really does have the ability to do so. I wish them all the best and sincere condolences to his family.
This week Coinbase completed its journey to becoming a public company. Using the mechanism much loved by Benchmark Capital’s Bill Gurley, it did a direct listing. That means it did not raise money from the IPO, but it did list its shares, using the COIN ticker symbol. It was assumed to list at $250 a share, rose to $429 before settling to $328 on its first full day of trading.
A public listing is simply a milestone towards an end game. Valued at $60 billion, Coinbase is already a very large company. But with Bitcoin valued at over $1 trillion and with 56 million customers using its exchange trading platform, Coinbase is only at the start of its journey.
This week I curated the best pieces from people intimately associated with the Coinbase story from the beginning. In 9 short years, together, they have created a significant company that is championing a new way of thinking about money and value. Applause is in order, at least for a few seconds. Act two is coming up.
Also in the news this week, artificial intelligence. NVidia is rapidly becoming the company to watch if you want to understand what comes next in AI. We cover the company’s announcements as well as the Microsoft acquisition of Nuance - the voice AI company. Expect automated everything in the next 10-20 years.
And finally, the startup of the week is little Google. Larry and Sergey, the founders, reached a net worth of over $100 billion. They are in a very small company, and most of the others came out of the technology revolution.
I say this not to fetishize money but to acknowledge value creation. There is a lot more to come.
Its coinbase time
Its coinbase time
Coinbase Time
Coinbase from YC to IPO
Coinbase Direct Listing
Coinbase COO: ‘The ship has sailed in crypto. It's here to stay.’
Coinbase Direct Listing’s Biggest Winners
Coinbase YCombinator Demo Day Practice - August 2012
Coinbase YCombinator Demo Day Practice - August 2012
Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap
AI on the Rise
NVIDIA Unveils Grace: A High-Performance Arm Server CPU For Use In Big AI Systems
Nvidia launches Jarvis conversational AI framework in general availability | VentureBeat
Why did Microsoft spend $19.7 billion to purchase Nuance? The answer may lie beyond health care.
SEC Seeks to Curb Lofty SPAC Projections — The Wall Street Journal
SPACs May Cast Wider Net As Competition For Targets Increases
WeWork Is Making Its Comeback
Amazon Tone Deaf?
2020 Letter to Shareholders
The Briefing: Jeff Bezos Calculates Value Creation Wrong
Startup of the Week
Tweet of the Week
It is with a heavy heart that we must announce that our friend, colleague and leader Dr. Alex passed away last Thursday, April 8 2021.

He was a brilliant human being and as memorable a personality as you will find in life. He will forever have a place in our hearts.
Dr. Alex | WebRTC by Dr Alex
Did you enjoy this issue?
Become a member for $9 per month
Don’t miss out on the other issues by Keith Teare
Keith Teare

That Was The Week is a editorialized and curated weekly look at developments in tech, startups and investing

You can manage your subscription here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Powered by Revue
Keith Teare, Palo Alto, California