Meet the 26-year-old ex-Googler who got $133 million for a cryptocurrency startup that could replace money completely
Basis CEO Nader Al-Naji just got $133 million to fund his stable cryptocurrency startup Basis, from top tier investors like GV (formerly Google Ventures), Bain Capital Ventures, Lightspeed Venture Partners, Andreessen Horowitz, and Sky9 Capital.
Al-Naji's passion for cryptocurrencies began with a bitcoin mining rig he built in his Princeton dorm.
Al-Naji quit his job at Google in order to work on his cryptocurrency, called Basis, which has a stable value determined algorithmically. In theory, that will make it more useful as a currency, and not just a vehicle for speculation.