From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Brock Pierce Subject: Re: Coinbase Investor Newsletter I Jan 2017 Date: Thu, 16 Feb 2017 10:48:26 +0000 next time. On Thu, Feb 16, 2017 at 4:22 AM, Brock Pierce < > wrote: Good update! -------- Forwarded message ---------From: W Bradford Stephens <brad®blockchain.capital> Date: Wed, Feb 15, 2017 at 9:11 PM Subject: Fwd: Coinbase Investor Newsletter I Jan 2017 To: Brock Pierce Cc: P Bart Stephens , Paul H Stephens Coinbase killing it last month!!! Break out!! Sent from the Mobile Brad Network. Begin forwarded message: From: Sam Rosenblum Date: February 15, 2017 at 7:41:50 PM PST To: Investors Subject: Coinbase Investor Newsletter I Jan 2017 Here is our monthly update: Growth • What is our primary growth metric: Revenue • How much revenue did we make last month? 54.7M What % did revenue grow year/year? 216% EFTA01054211 Cash / Burn • How much money is in the bank? $58.3M • How much cash did we burn last month? Profit of $0.9M • Projected runway (prior 6-month avg. burn): 78 months O Note: updated runway methodology to accommodate profitable month(s) • # of employees: 130 Summary • We earned a $0.9M profit in January, from $4.7M monthly revenue • We posted Controlling sour own wealth as a basic human right examining the opportunity posed by digital currency for people all over the world to gain more control of their money • We are excited to announce that Coinbase has obtained the Bitlicense from the New York Department of Financial Services Until next month! Sam Rosenblum Global Business Development Coinbase San Francisco, CA EFTA01054212 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 PLEASE NOTE: I am testing an artificial intelligence based assistant for scheduling named Amy. She's good but not perfect so if you are having trouble just ping me again. Brock Pierce ;11 Managing Partner Blockchain Capital LLC 0: C: 5: e: http://wwwblockchaincapital.com Follow me on Twitter: Co-invest with Blockchain Capital © https://angel.calblockehain-capital/syndicate Linkedin: please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01054213