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Indiegogo this morning announced that it has appointed Becky Center as CEO. The new Chief Exec joins the crowdfunding platform following a stint as VP at healthcare app Health and eight years in various roles at GroupOn. She’ll take over for Andy Yang, who moved over to Meta late last year after two years in […]
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The night before IVP s Tom Loverro submitted a $100 million term sheet, Coinbase s CEO called him. I remember feeling nauseous, Loverro told Insider. A major cryptocurrency had crashed.
Coinbase is expected to go public this week, and IVP s stake could be worth up to $3.33 billion.
On June 22, 2017, the night before he submitted an offer to buy $100 million worth of equity in a young crypto startup called Coinbase, the venture capitalist Tom Loverro received a troubling phone call from the startup s CEO, Brian Armstrong.
It was about 8 p.m., and Loverro, a general partner at the venture firm IVP, had just finished dinner with his family, he said. The digital currency Ethereum had experienced a flash crash that day, and the price fell from about $296 to a low of $0.10 in a matter of minutes.