Alexis Ohanian Says Ethereum Is His Finest Early Funding

Reddit co-founder Alexis Ohanian is a expertise entrepreneur and startup investor who’s backed 40 unicorns, together with Coinbase, Instacart, Ro, and Not possible, in line with his website.

Ohanian can be the lead investor within the Nationwide Ladies’s Soccer League’s Angel City FC by way of his enterprise capital agency, Seven Seven Six, and he began the first-ever all-women’s monitor and discipline meet, Athlos, which concluded in September.

Associated: Here’s Why Reddit Turned Down an Acquisition Offer From Google in Its Early Days, According to Cofounder Alexis Ohanian

Nevertheless, he says there’s been one funding to date that stands out probably the most.

When requested by Harry Stebbings on the 20VC podcast what his “single greatest funding” has been to this point, Ohanian mentioned it was a pre-launch token sale.

“It will be Ethereum on the pre-token sale,” Ohanian mentioned, including that, at at present’s costs, it has netted him $17.1 million.

Ohanian mentioned he initially invested $10,000, making this the very best funding (money-wise) to date.

Ethereum is buying and selling at round $3,600 as of press time.

Associated: Reddit Co-Founder Alexis Ohanian Says the ‘Surfer Mindset’ Is the ‘Right’ Approach in Business and in Life. Here’s Why.