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Coinbase's eye-popping $100 billion valuation is reasonable for a disruptive, cutting-edge crypto firm, an early backer says


Coinbase s eye-popping $100 billion valuation is reasonable for a disruptive, cutting-edge crypto firm, an early backer says
wdaniel@businessinsider.com (Will Daniel)
© Glassdoor/Coinbase
Glassdoor/Coinbase
Santosh Rao, the head of research at Manhattan Venture Partners, believes a $100 billion valuation for Coinbase is reasonable.
Manhattan Venture Partners was an early investor in Coinbase, Palantir, Draft Kings, and more.
Based on estimated 2022 figures, Coinbase will trade at around 11x sales and 27x EBITDA with a $100 billion valuation.
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Santosh Rao, the head of research at the merchant bank, says a $100 billion valuation for Coinbase is totally reasonable given the disruptive nature of the crypto firm. ....

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