Alexis Ohanian Says Ethereum Is His Best Early Investment

Reddit co-founder Alexis Ohanian is a know-how entrepreneur and startup investor who’s backed 40 unicorns, together with Coinbase, Instacart, Ro, and Unimaginable, in response to his website.

Ohanian can be the lead investor within the Nationwide Girls’s Soccer League’s Angel City FC via his enterprise capital agency, Seven Seven Six, and he began the first-ever all-women’s monitor and subject 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 this point that stands out essentially the most.

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

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

Ohanian mentioned he initially invested $10,000, making this the most effective funding (money-wise) to this point.

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.