From: Brock Pierce <I

From: Brock Pierce <I To: Jeffrey Epstein Richard Kahn <I Subject: Fwd: FW: Coinbase Investor Newsletter Date: Mon, 07 Mar 2016 23:59:28 +0000 I nline-I mages: Screenshot_2016-03-07_09.28.47.png Latest update. From: > on behalf of Brian Armstrong Date: Monday, March 7, 2016 at 9:41 AM To: " Cc:" Subject: Coinbase Investor Newsletter Here is our monthly update: How much money is in the bank? $60.5M How much revenue did we make last month? $850K How much cash did we burn in the last month? $1.2M Projected months of runway 49 # of salaried employees 91.0 What is our primary growth metric? Dollars of bitcoin traded What % did our primary metric grow last month? -20% EFTA00665376 _, Onabor X•C Summary We launched debit card buys. Which should lower the hurdle for new people to get started with bitcoin (connecting your bank account was a big hurdle). We also clarified/narrowed the product direction. Coinbase is "the easiest place to buy and sell bitcoin". We clarified our mission statement, which is to "create an open financial system for the world". The industry is caught up in a debate about how to scale. We're planning to build a new for-profit entity to work on the bitcoin protocol (Redhat Linux model). If you know anyone who would be interested in working on this, or like more info about investing in this entity, please reply to founders@. Thank you! Brian Armstrong Co-founder and CEO Coin base San Francisco, CA, USA You received this message because you are subscribed to the Google Groups "Investors" group. To unsubscribe from this group and stop receiving emails from it, send an email to Broth Pierce Managing Partner Blockchain Capital LLC o: s: Bruck pierce EFTA00665377 Follow me on Twitter: ®brockpierce Co-invest with Blockchain Capital Q hups://angel.catblockchain-capital/syndicate Linked in: IMPORTANT NOTICE: This message is intended only for the use of the individual or entity to which it is addressed, and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this message is not the intended recipient, or the employee or agent responsible for delivering the message to the intended recipient, you are hereby notified. EFTA00665378