Coinbase’s venture capital arm has been quietly investing in over 500 startups throughout the past seven years. Now some of those ventures are poised to pay off. Shan Aggarwal, vice president of corporate and business development at Coinbase Ventures, revealed that he expects the venture capital firm to begin contributing to the company’s overall revenue in the coming months, despite ventures being a “long-term game.”
“It typically takes five-plus years for those companies to mature and to see material exits,” said Aggarwal on Wednesday at the Messari Mainnet Conference in New York.
