In today’s edition of The Daily we cover news about trading app Robinhood aiming for an IPO, MLB team Dodgers giving away a collectible token to fans at an upcoming game, which crypto ventures are among the most sought-after startups in the US, and Coinbase’s big aspirations for the future.
Robinhood Aiming for an IPO
Robinhood Markets, the Menlo Park-headquartered stocks, options and crypto brokerage app, is looking for a chief financial officer (CFO) who can help it pursue an initial public offering (IPO) down the line. CEO Baiju Bhatt revealed that his company is “actively looking for a CFO right now” as an IPO is in its future plans. He explained at a Techcruch event that: “Being a public company I think aligns very closely with our mission as well. And it’s definitely on the horizon, not in the immediate term, but that’s something we are thinking about.”
Dodgers to Give Away Crypto Tokens
The Los Angeles Dodgers, an American professional sports team in Major League Baseball, has announced its first ever Digital Bobblehead Night will be held in a game against the Padres on September 21. The first 40,000 ticketed fans in attendance will receive a unique code and directions to a website where a digital bobblehead of Clayton Kershaw, Justin Turner or Kenley Jansen can be unlocked and added to their ether wallet. The token received will be randomly selected, with approximately an equal number of Kershaw, Turner and Jansen codes distributed at the stadium gates.
“We’re excited for our first-ever crypto giveaway, and to explore an entirely new marketplace with our fanbase,” said Lon Rosen, Dodger Executive Vice President and Chief Marketing Officer. “We hope this piques the interest of Dodger fans, and will help launch a new age of digital collectibles and promotions.”
Don’t miss the first-ever Digital Bobblehead Night at Dodger Stadium! On 9/21, the first 40,000 fans will receive a @ClaytonKersh22, @redturn2 or @kenleyjansen74 Crypto token to be downloaded and added to their Ethereum wallet.
— Los Angeles Dodgers (@Dodgers) September 7, 2018
Crypto Startups Shine Bright in the US
Linkedin, the professional networking website, has published its “Top Startups 2018” list, showing a good number of crypto ventures among the 50 most sought-after startups in the US. Coinbase is at number 3, Robinhood is sixth, Ripple seventh, Gemini Trust is at number 25, Consensys is 26th and Axoni took 47th place.
The network’s Editor-in-Chief, Daniel Roth, explained the methodology: “We wanted to provide professionals with a look at the young companies reaching that escape velocity. As always, we started with the data — the billions of actions generated by Linkedin’s 575 million members — and looked at…employee growth; jobseeker interest; member engagement with the company and its employees..In other words, which startups are commanding the attention and working hours of top talent. To be eligible for Top Startups, companies must be 7 years old or younger, have at least 50 employees, be privately held and headquartered in the US.”
Coinbase’s Big Aspirations
A billion people will enter the crypto ecosystem within the next five years and Coinbase may list hundreds of tokens within “years” and eventually “millions” in the future – making it a bigger venue than the New York Stock Exchange. This is according to an interview by CEO Brian Armstrong at Disrupt San Francisco. “It makes sense that any company out there who has a cap table…should have their own token. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their own tokens,” Armstrong explained. “We want to be the bridge all over the world where people come and they take fiat currency and they can get it into these different cryptocurrencies.”
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