From: Brock Pierce ccMI

From: Brock Pierce ccMI > To: Jeffrey Epstein <[email protected]>, Richard Kahn Subject: Fwd: FW: Coinbase Investor Newsletter I Nov 2016 Date: Fri, 16 Dec 2016 01:23:46 +0000 lane-Images: 7AAF7059-6250-4DE5-9416-83CDA906F024.png Forwarded message From: W Bradford Stephens Date: Thu, Dec 15, 2016 at 5:22 PM Subject: FW: Coinbase Investor Newsletter Nov 2016 To: Brock Pierce EFTA01059089 W. Bradford Stephens rC Pc id:D8B0B9A6-A4B3-4556-9DC8- 75863387858 Co-Founder and Managing Partner Blockchain Capital LLC San Francisco, CA 94111 wwycblockchain.capital Invest alongside us or follow our individual investments at httimi&-tgel.coilblockchain-capitalisyndicate EFTA01059090 Here is our monthly update: Growth • What is our primary growth metric: Revenue • How much revenue did we make last month? $2.1M • What % did revenue grow year/year? 142% EFTA01059091 Cash / Burn • How much money is in the bank? $58.1 M • How much cash did we burn last month? $0.9M • Projected runway (prior 3-month avg. burn): 53 months • # of employees: EFTA01059092 126.5 Summary • We led the publication of an open source legal framework and associated tool to analyze the likelihood a particular blockchain token would be subject to US federal securities law (prepared in collaboration with Coin Center, USV, and Consensys) • We posted How to Safely Store Digital Currency with Coinbase covering cyber security fundamentals as well as suggestions to leverage specific Coinbase security features • The IRS filed a "John Doe Summons" seeking all records of U.S. customers who conducted virtual currency transactions 2013 - 2015; we believe this request is overly broad and we are preparing our response strategy (note that no wrongdoing is alleged on the part of Coinbase or particular customers - see Protecting Customer Privacy post) EFTA01059093 Happy holidays! Sam Rosenblum Corporate Development & Expansion Coin base San Francisco, CA EFTA01059094 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 [email protected]. ;', EFTA01059095