Fred Ehrsam
Frederick "Fred" Ernest Ehrsam III is an American business executive and investor who is the co-founder and former managing partner of cryptocurrency investment firm Paradigm. He is also the co-founder of cryptocurrency exchange Coinbase.
Frederick "Fred" Ernest Ehrsam III is an American business executive and investor who is the co-founder and former managing partner of cryptocurrency investment firm Paradigm. He is also 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. 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. Ehrsam reportedly reached out to his alma mater Duke to invest in Coinbase's 2015 Series C. He increased Duke's initial investment a hundredfold. 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.Ehrsam was featured as one of the main protagonists in the 2020 novel "Kings of Crypto: One Startup's Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street."Ehrsam is also an inventor and together with Brian Armstrong and Julian Langschaedel has registered a few patents with the USPTO. The patents main focus is on bitcoin transactions.

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. As of October 2020, the company had made 28 investments in cryptocurrency-related companies.On November 15, 2021, Paradigm closed the largest-ever cryptocurrency venture capital fund at the time. The fund raised a total of $2.5 billion to invest in nascent cryptocurrency and Web3 projects.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
Brian Armstrong (businessman)
Olaf Carlson-Wee
Sam Bankman-Fried


== References ==