21.co/Earn.com Saga Ends With Coinbase Acquisition

Qntra

The story of 21.co/Earn.com, a widely hyped venture capital eating startup that never found a niche despite bouncing between pursuits as varied as selling tiny underpowered miners to spam as a service, has ended in an undisclosed but roughly 100 million USD acquisition by Coinbase. The paltry sum which still overvalues the firm is likely to leave many people taking a haircut. As part of the deal former 21.co/Earn.com CEO Balaji Srinivasan has won a sinecure "evangelizing" for Coinbase.

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