Early Life
Frederick Ernest Ehrsam III was born on May 10, 1988, in Boston, Massachusetts, and grew up in Concord, Massachusetts. During high school, Ehrsam was an avid gamer and played video games professionally. He graduated with distinction from Duke University in 2010, earning a Bachelor of Science degree in computer science and a minor in economics.
Rise to Success
After graduating from Duke, Ehrsam worked at Goldman Sachs as a foreign exchange trader. He became interested in Bitcoin, leading him to co-found Coinbase with Brian Armstrong in 2012. Coinbase quickly became the largest U.S.-based cryptocurrency exchange. Ehrsam left the day-to-day role at Coinbase in 2017 but remains on the board. In 2018, he co-founded Paradigm, a cryptocurrency investment firm.
Key Business Strategies
Ehrsam's key strategies included identifying the potential of Bitcoin early on and creating a platform for easy cryptocurrency transactions. Through Paradigm, Ehrsam shifted from building infrastructure to funding the next wave of innovators.
Philanthropy
Information on Ehrsam's specific philanthropy is limited, and exact figures on his charitable contributions are not available in the search results.