Tennis legend Serena Williams Discloses Investment in Coinbase
Tennis legend Serena Jameka Williams has revealed interesting info about her investment firm, Serena Ventures. Through a post on instagram, the world-famous tennis player revealed that she established the aforementioned investment firm in 2014 and progressively invested in more than 30 firms, including Coinbase, the largest crypto exchange in the US. Serena Williams has 10.9 M instagram followers.
Serena Williams has stated as follows:
“In 2014, (yes I know I can keep a secret) I launched Serena Ventures with the mission of giving opportunities to founders across an array of industries. Serena Ventures invests in companies that embrace diverse leadership, individual empowerment, creativity and opportunity.”
The start-up offers a cryptocurrency wallet and framework where vendors and customers can buy and sell cryptocurrencies. Coinbase has 20M+ clients spread across 42 countries. Under CEO Brian Armstrong’s leadership, Coinbase continues to expand worldwide, unveiling crypto-to-crypto trading services last week in 11 countries.
Besides Serena Ventures, Coinbase has raised $217 M from the world’s leading investors. According to Serena Ventures’ official website, the portfolio’s market valuation exceeds $12 billion and the heterogeneity of the company’s founding members is 60 %.
The investment firm is looking for startups embracing diverse leadership, individual empowerment, creativity, and opportunity. The investment company is looking for startups embracing diverse governance, personal empowerment, and creative skills.
Serena Ventures is focused specifically on empowering women by supporting entrepreneurship. The firm will coach young businessmen and also fund preliminary stage tech companies. Coinbase joins razor brand Billie, organic baby food supplier Little Spoon and the Wing, a multi-purpose co-working and community space for women with venues around the globe. Besides Serena Williams, the website lists the company’s ex asset manager, Alison Rapapaport, as vice-president.
Furthermore, business news outlet predicted her net worth to be around $180 million in August 2018. Serena Williams has won 39 major titles and was ranked No.1 in singles on eight different occasions from 2002 to 2017.
Reuters recently highlighted that venture capital investments in cryptocurrency and blockchain technology companies hit a fresh all-time high in 2019. This high-profile investment heads a flurry of foreseen investments in the crypto and blockchain sector by mainstream Venture Capitalists.
Reuters reports further points out that “Venture capital investments in crypto and blockchain start-ups that included corporate funds have so far risen to $850 million this year.” Also, an article from IDC Government Insights asserts that the US federal government is anticipated to boost its blockchain expenditure to $123.5 million by 2022— a rise of over 1,000 percent compared to the US.