# Coinbase's pitch deck

> Coinbase's pitch deck: 12 slides, and the funding round we observed afterwards.

Source: https://millionrounds.com/decks/coinbase (Millionrounds; every figure on the page links to its filing or article)

**Coinbase** Blockchain 1 / 12 Read in the app

Pitch deck · Y Combinator Summer 2012

# Coinbase's *pitch deck*

The deck, and the 7 rounds we watched Coinbase raise afterwards, with the investors each report named.

Buy, sell, and manage cryptocurrencies.

12 slides 1.5MB US Blockchain Bitcoin

Read the deck Free account. The deck belongs to Coinbase, so reading it needs one; everything on this page is public.

What is in it

## The deck, slide by slide

Each slide by what it argues. 12 slides against a median of 13 across the 1,712 decks we hold.

*median*

- 1 **Cover**
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12 **Team**

Cover Team

What happened next

## $3.0B across 7 rounds

**7** rounds observed **$3.0B** reported in total **Sept 2012** first we saw **Aug 2025** most recent

- Aug 2025 Debt **$2.6B** [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)[Draper Associates](https://millionrounds.com/fund/draper-associates)[IVP](https://millionrounds.com/fund/ivp)[Paradigm](https://millionrounds.com/fund/paradigm)[Wellington Management](https://millionrounds.com/fund/wellington-management) Source recorded
- Oct 2018 Series E **$300M** [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)[Polychain](https://millionrounds.com/fund/polychain) Tiger Global Management/ Y Combinator Continuity [Wellington Management](https://millionrounds.com/fund/wellington-management) Reported by FinSMEs
- Jan 2015 Series C **$75M** [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)[BBVA Ventures](https://millionrounds.com/fund/bbva-ventures-2)[Blockchain Capital](https://millionrounds.com/fund/blockchain-capital)[Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj)[New York Stock Exchange (NYSE)](https://millionrounds.com/fund/new-york-stock-exchange-nyse)[Ribbit Capital](https://millionrounds.com/fund/ribbit-capital)[USAA](https://millionrounds.com/fund/usaa)[Union Square Ventures](https://millionrounds.com/fund/union-square-ventures)[Valor Capital Group](https://millionrounds.com/fund/valor-capital)[Vayner/RSE](https://millionrounds.com/fund/vayner-rse) Source recorded
- Dec 2013 Series B **$25M** [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)[Anthony Saleh](https://millionrounds.com/fund/anthony-saleh)[Nasir "Nas" Jones](https://millionrounds.com/fund/nasir-jones)[QueensBridge Venture Partners](https://millionrounds.com/fund/queensbridge-venture-partners)[Ribbit Capital](https://millionrounds.com/fund/ribbit-capital)[Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) Reported by blog.coinbase.com
- May 2013 Series A **$6.1M** [Bobby Goodlatte](https://millionrounds.com/fund/bobby-goodlatte)[FundersClub](https://millionrounds.com/fund/fundersclub)[Interplay Ventures](https://millionrounds.com/fund/interplay)[Red Swan](https://millionrounds.com/fund/red-swan-ventures-2)[Ribbit Capital](https://millionrounds.com/fund/ribbit-capital)[SV Angel](https://millionrounds.com/fund/sv-angel)[Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) Reported by sec.gov
- Oct 2012 Venture **$166K** No investor was named in the report. Source recorded
- Sept 2012 Seed **$600K** [Alexis Ohanian](https://millionrounds.com/fund/alexis-ohanian)[FundersClub](https://millionrounds.com/fund/fundersclub)[Garry Tan](https://millionrounds.com/fund/garry-tan)[Greg Kidd](https://millionrounds.com/fund/hard-yaka)[Y Combinator](https://millionrounds.com/fund/y-combinator) Reported by privateinternetaccess.com

[Everyone who backed Coinbase](https://millionrounds.com/company/coinbase)

Form D

What they told the regulator

## Coinbase filed a Form D with the SEC

The company reporting its own raise, rather than a journalist reporting it.

**$6.1M** sold under the offering **May 2013** most recent filing

1 / 12

The deck itself

## Read Coinbase's full pitch deck

All 12 slides, each read for what it argues and set against the decks that raised at the same stage. The cover is shown here; the rest is read in the app.

Read the deck *→* Free account. The deck belongs to Coinbase.

## Investors who claim them

Firms listing Coinbase on their own portfolio page: the firm's own account rather than a round we watched. Weaker than an announcement, much stronger than a list somebody sold us.

[**Spark Capital** VC firm](https://millionrounds.com/fund/spark-capital)[**Draper Associates** VC firm](https://millionrounds.com/fund/draper-associates)[**Collaborative Fund** VC firm](https://millionrounds.com/fund/collaborative-fund)[**Digital Currency Group** VC firm](https://millionrounds.com/fund/digital-currency-group)[**A16z Crypto** VC firm](https://millionrounds.com/fund/a16z-crypto)[**Valor Capital Group** VC firm](https://millionrounds.com/fund/valor-capital)[**Blockchain Capital** VC firm](https://millionrounds.com/fund/blockchain-capital)[**Acrew Capital** VC firm](https://millionrounds.com/fund/acrew-capital)[**Winklevoss Capital** Family office](https://millionrounds.com/fund/winklevoss-capital)[**S32** VC firm](https://millionrounds.com/fund/s32)[**Garry Tan** Angel](https://millionrounds.com/fund/garry-tan)[**Geodesic Capital** VC firm](https://millionrounds.com/fund/geodesic-capital)[**Refactor Capital** VC firm](https://millionrounds.com/fund/refactor-capital)[**Tusk Ventures** VC firm](https://millionrounds.com/fund/tusk-venture-partners)[**Red Swan Ventures** VC firm](https://millionrounds.com/fund/red-swan-ventures)[**Section 32** VC firm](https://millionrounds.com/fund/section-32)[**Interplay** Family office](https://millionrounds.com/fund/interplay)[**A.Capital Ventures** VC firm](https://millionrounds.com/fund/a-capital-ventures)[**Scooter Braun** Angel](https://millionrounds.com/fund/scooter-braun)[**Propel Venture Partners** VC firm](https://millionrounds.com/fund/propel-venture-partners)[**Denis Grosz** Angel](https://millionrounds.com/fund/denis-grosz)[**1confirmation** VC firm](https://millionrounds.com/fund/1confirmation)[**Draper Dragon** VC firm](https://millionrounds.com/fund/draper-dragon)[**Andromeda Capital** VC firm](https://millionrounds.com/fund/andromeda-capital)[**Ansa Capital** VC firm](https://millionrounds.com/fund/ansa-capital)[**Blake Byers** Angel](https://millionrounds.com/fund/blake-byers)[**Nelstone Ventures** VC firm](https://millionrounds.com/fund/nelstone-ventures)[**Wonder Ventures** VC firm](https://millionrounds.com/fund/wonder-ventures-2)[**Adventure Fund** VC firm](https://millionrounds.com/fund/adventure-fund-2)[**Jessica Verrilli** VC firm](https://millionrounds.com/fund/jessica-verrilli)

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[Browse all 1,712 decks](https://millionrounds.com/decks). We hold no record of where this file came from or on what terms. If it is yours and you would rather it were not here, [tell us](https://millionrounds.com/corrections?deck=coinbase) and it goes.
