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Garry Tan was among the first in the VC space to lend a check for working capital as demand for the Coinbase App soared in the early days of 2013.
On Wednesday, April 14, Coinbase (COIN) stock debuted on the Nasdaq exchange with the company’s listing valuations at $86 billion. Coinbase is the first major crypto business to debut on Wall Street and thus the euphoria in the crypto community was high. COIN stock debuted at $381 per share and closed at $328 in a choppy market on Wednesday. However, it is still 30% higher than Nasdaq’s reference price of $250. Let’s take a look at some of those investors who made a fortune betting on Coinbase in its early days of Silicon Valley. Back in 2013, Initialized Chief Capital Garry Tan saw an early opportunity in Coinbase.