• Source: Fred Ehrsam

Frederick "Fred" Ernest Ehrsam III is an American businessman, and the co-founder of cryptocurrency exchange Coinbase.




Education and early life


Ehrsam was born on May 10, 1988, in Boston, growing up in Concord, Massachusetts. He played video games professionally in high school, and was an avid World of Warcraft player, which introduced him to the concept of in-game digital currencies.
In 2010, Ehrsam graduated with distinction from Duke University, earning a B.S. in computer science with a minor in economics. At Duke, he was a member of the Sigma Alpha Epsilon fraternity.




Career


After graduating from Duke, Ehrsam became a foreign exchange trader at the investment bank Goldman Sachs in New York City. He learned about Bitcoin from a Georgetown University professor's paper, and began trading in his free time.




= Coinbase

=

In 2012, Ehrsam and Brian Armstrong co-founded Coinbase in an apartment in San Francisco, as a way for cryptocurrency enthusiasts to trade bitcoins and other digital currencies. The two met on the Bitcoin subreddit forum. Ehrsam served as Coinbase's first President. In January 2017, he announced he was leaving the company, but would remain on its board. He also reportedly still owned 8.9% of Coinbase stock as of April 2021, and was assigned to the company's audit committee before its April 2021 public offering.




= Paradigm

=
In 2018, Ehrsam co-founded cryptocurrency investment firm Paradigm with former Sequoia Capital investor Matt Huang. They founded the company to invest in cryptocurrencies and the companies that focus on that market, and became the firm's managing partners.
In October, 2023, Ehrsam stepped down from his managing partner role at Paradigm and announced he will continue to act as a general partner.




Recognition


2013 – Ehrsam was named to TIME Magazine's list of 30 People Under 30 Changing the World
2014 – Ehrsam was named to Forbes' 30 under 30 list at age 25




See also


Olaf Carlson-Wee
Sam Bankman-Fried




References

Kata Kunci Pencarian:

• Coinbase
• Fred Ehrsam
• Coinbase
• Brian Armstrong (businessman)
• StarkWare Industries
• List of Sigma Alpha Epsilon members
• List of unicorn startup companies
• The Rise and Rise of Bitcoin
• List of Internet entrepreneurs
• List of Duke University people
• Alpha Kappa Psi