BALAJI Srinivasan is a serial entrepreneur and the former chief technology officer at Coinbase.
But what is the story behind Srinivasan and what is his net worth?
Who is Balaji Srinivasan?
Balaji Srinivasan was born on May 24, 1980 and grew up on Long Island, New York.
He went on to graduate with a BS, MS and PHD in Electrical Engineering from Stanford University.
In 2007, Srinivasan co-founded Counsyl, which is a genetic testing company that screened hopeful parents for Mendelian diseases.
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The firm was eventually acquired by Myriad Genetics for $375 million in 2018.
Srinivasan has also written papers on microbial and clinical genomics as well as taught bioinformatics at Stanford.
In 2013, Srinivasan then joined venture capital firm Andreessen Horowitz as a general partner.
The same year, he co-founded 21e6, which later became 21 Inc – a Bitcoin mining startup.
However, this idea failed despite raising $120 million from investors.
The firm pivoted to become Earn.com, which used blockchain technology for its paid-email service.
Earn.com was eventually purchased by cryptocurrency exchange Coinbase in April 2018 for $120 million and Srinivasan became CTO.
He eventually left in 2019.
In 2014, Srinivasan also co-founded Teleport, a job search engine which was bought by Topia in 2017.
In July 2022, Srinivasan became a published author.
The Network State: How To Start a New Country is a book about a governance model which is driven by digital technology, decentralization, and the internet.
Srinivasan believes the ‘Network State’ can given global citizens from all corner of the world better services and representation through technology.
Bitcoin is crucial to his point as it allows individuals and organizations to trade with each other without relying on traditional financial institutions or governments.
Srinivasan hit the headlines on March 17, 2024 when he bet $2 million on Bitcoin reaching $1 million per BTC by June 17, 2024.
While many have dismissed his prediction as a marketing ploy to pump the price of Bitcoin, Srinivasan stands by his claim.
What is Balaji Srinivasan’s net worth?
Balaji Srinivasan has a net worth of $150 million from his sale of genomics company Counsyl and Earn.com – which focused on earning Bitcoin through microtasks.
Srinivasan is believed to hold a large part of his net worth in cryptocurrency – mainly Bitcoin – however, it’s unclear how much.