Tennis famous person and investor Serena Williams could have shed her stake in common U.S.-based cryptocurrency alternate Coinbase.Serena Ventures
Tennis famous person and investor Serena Williams could have shed her stake in common U.S.-based cryptocurrency alternate Coinbase.
Serena Ventures – an organization launched in secret in 2014 – first listed the funding in Coinbase in April of final yr. William’s additionally tweeted in regards to the funding on the time.
“Serena Ventures invests in firms that embrace various management, particular person empowerment, creativity and alternative,” the tweet learn.
If certainly her VC agency has divested its stake in Coinbase, it might come as the results of a current assertion from Coinbase CEO Brian Armstrong, who successfully banned worker activism on the alternate and stated the agency would focus solely on its monetary mission.
As CoinDesk reported, Armstrong began planning the corporate’s non-activist place after a number of Coinbase engineers protested this summer time after the CEO refused to publicly say “Black lives matter,” (with an uppercase B) although he did tweet (in all caps) quickly after. Polarizing political conversations in firm chat rooms have been additionally stated to have influenced the choice.
Employees sad to remain on that foundation have been supplied severance packages by Coinbase, and maybe 5% of staff have taken that supply in current weeks.
It’s not clear how a lot cash Serena Ventures had invested within the alternate.