Fred Ehrsam
Fred Ehrsam | |
|---|---|
 | |
| Born | Frederick Ernest Ehrsam III May 10, 1988 |
| Education | Duke University |
| Known for | Coinbase |
| Website | www.fredehrsam.org |
Frederick "Fred" Ernest Ehrsam III[1] is an American businessman, and the co-founder of cryptocurrency exchange Coinbase.[2]
Education and early life
[edit]Ehrsam was born on May 10, 1988, in Boston, growing up in Concord, Massachusetts.[3] He played video games professionally in high school, and was an avid World of Warcraft player, which introduced him to the concept of in-game digital currencies.[4][2]
In 2010, Ehrsam graduated with distinction from Duke University,[4] earning a B.S. in computer science with a minor in economics.[5] At Duke, he was a member of the Sigma Alpha Epsilon fraternity.[6][7]
Career
[edit]After graduating from Duke, Ehrsam became a foreign exchange trader at the investment bank Goldman Sachs in New York City.[2][8] He learned about Bitcoin from a Georgetown University professor's paper, and began trading in his free time.[4]
Coinbase
[edit]In 2012, Ehrsam and Brian Armstrong co-founded Coinbase in an apartment in San Francisco, as a way for cryptocurrency enthusiasts to trade bitcoins and other digital currencies.[9][4] The two met on the Bitcoin subreddit forum.[4] Ehrsam served as Coinbase's first President.[10] In January 2017, he announced he was leaving the company, but would remain on its board.[9] He also reportedly still owned 8.9% of Coinbase stock as of April 2021, and was assigned to the company's audit committee before its April 2021 public offering.[10]
Paradigm
[edit]In 2018, Ehrsam co-founded cryptocurrency investment firm Paradigm with former Sequoia Capital investor Matt Huang.[11] They founded the company to invest in cryptocurrencies and the companies that focus on that market, and became the firm's managing partners.[12][13]
In October, 2023, Ehrsam stepped down from his managing partner role at Paradigm and announced he will continue to act as a general partner.[14]
Recognition
[edit]- 2013 – Ehrsam was named to TIME Magazine's list of 30 People Under 30 Changing the World[15]
- 2014 – Ehrsam was named to Forbes' 30 under 30 list at age 25[3]
See also
[edit]References
[edit]- ^ Neghaiwi, Steve Stecklow, Anna Irrera, Brenna Hughes (2017-12-01). "Exclusive: Tezos founders push for legal bailout from Swiss foundation". Reuters. Archived from the original on 2019-08-16. Retrieved 2018-07-30.
{{cite news}}: CS1 maint: multiple names: authors list (link) - ^ a b c "#1664 Fred Ehrsam". Forbes. Retrieved April 13, 2021.
- ^ a b "30 Under 30: Futures Market". Forbes. June 30, 2014. Retrieved April 13, 2021.
- ^ a b c d e "Coinbase mafia shows how tight a circle holds sway over Bitcoin". Japan Times. March 1, 2021. Retrieved April 13, 2021.
- ^ Becker, Charles (2018-10-28). ""The downfall of Durham's historic Hayti: Propagated or preempted by urban renewal?"" (PDF). Duke University. Archived (PDF) from the original on 2018-10-28. Retrieved 2018-07-29.
- ^ SAE Alumni Directory. Evanston, IL: Sigma Alpha Epsilon Fraternity. 2018.
- ^ "Fred Ehrsam, Paradigm Operations LP: Profile and Biography". Bloomberg.com. Retrieved 2023-04-08.
- ^ "BrokerCheck - Find a broker, investment or financial advisor". brokercheck.finra.org. Retrieved 2018-07-30.
- ^ a b "Why Coinbase's Cofounder Is Moving On". Fortune. January 21, 2017. Retrieved April 13, 2021.
- ^ a b "Coinbase Independent Directors Have Close Company Ties". Wall Street Journal. April 5, 2021. Retrieved April 13, 2021.
- ^ "These Young Investors Betting Big On Crypto Are Taking Harvard And Stanford Along For The Ride". Forbes. October 18, 2020. Retrieved April 13, 2021.
- ^ "Fidelity, Square, Coinbase Launch Bitcoin Trade Group". Wall Street Journal. April 6, 2021. Retrieved April 13, 2021.
- ^ "Fred Ehrsam". Bloomberg. Retrieved April 13, 2021.
- ^ "Paradigm's Fred Ehrsam Steps Back From Crypto-Focused VC Firm". Bloomberg.com. 2023-10-24. Retrieved 2023-10-24.
- ^ "These Are the 30 People Under 30 Changing the World: Fred Ehrsam". Bloomberg. December 5, 2013. Retrieved April 13, 2021.