Aggarwal articulated that it typically takes over five years for invested companies to mature before they yield material exits, which is a long-term game for Coinbase Ventures.
He mentioned that they are at a juncture now where capital can be recycled and diversified, indicating that further contributions to Coinbase’s revenue are on the horizon.
While specific successful ventures remain undisclosed, Aggarwal emphasized they are starting to 'selectively exit' positions they've held beyond five years, indicating fruitful investments.
Coinbase Ventures has established itself as the most prolific crypto VC with 500 investments, contributing significantly to the development of well-known crypto enterprises like OpenSea and Polygon.
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