reply guys

I posted about this years before the IPO but Coinbase has never been our ally in as much as they never let us early crypto folk, who built their platform for them effectively, invest 

Instead they let professional basketball players in

It's pretty much illegal to allow retail to to invest meaningful amounts in private companies. 

I was in charge of this fundraising round (Series D, the one that Kevin participated in). We looked into a bunch of options but there are were too many complications.

Coinbase’s Series D was August 2017, when BTC was ~$4K. Anyone could’ve just bought BTC (fully liquid, no accreditation hurdles) and still outperformed.

@stackdotso. Prev CTO/cofounder of mirror. strangechances

This tracks all the way back to the seed round. Individual investors were consistently better off just buying the underlying crypto assets. Different story for those who went to work at Coin base—like Olaf or Fred Ehrsam.