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a16z is a prosecution witness in the DOJ's case against BitClout founder Nader Al-Naji, who raised hundreds of millions dollars for his failed crypto startups (@jeffjohnroberts / Fortune) https://t.co/6t1HQCJJcZ 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/lNlKWZU4Ck
This guy was Coinbase’s Employee #1. He got the job from a cold email after learning about bitcoin in college. He scaled the ops team from 0, becoming Head of Risk. Now, he manages $2.6B in assets as @polychaincap's founder. His journey’s pretty crazy. Here's his story 🧵 https://t.co/aH2BI7f3b6
Nader Al-Naji charmed the likes of Sequoia, Google and Bain into pouring hundreds of millions of dollars into his startups. But his bold visions rested on illusion. https://t.co/RghnAy1Pm1
Nader Al-Naji, a prominent figure in the crypto industry, managed to raise $690 million from top venture capital firms, including Sequoia, Google, and Bain, for his startups. Al-Naji, who previously worked at Coinbase and later founded Polychain Capital managing $2.6 billion in assets, is now facing legal troubles. The Department of Justice has brought a case against him, with a16z acting as a prosecution witness. Al-Naji's ventures, which initially attracted significant investment, ultimately failed, leading to allegations of deception and financial misconduct.
