Andreessen Horowitz is an investor in Bison Trails (one out of seven) and a lead investor in Anchorage. Thrive is family to the Facebook family through Instagram. USV is family to Coinbase, and on and on.
The 3 members from the e-commerce space –Booking Holdings, eBay, and Farfetch, are another source of power for LIBRA to become a stable coin that scales. However, I only know Farfetch as an online luxury fashion e-commerce business and I am not clear how this ties into financial inclusion and the underbanked.
More outreach to established markets with the two online hailing businesses – Lyft, Uber; Spotify, the music unicorn; and the two telecoms – Vodafone and Iliad.
Another flag raised with the inclusion of Iliad, a troubled French telecom whose stock price has been in a steady bearish trap over the past 2yrs (-47% yoy). Is this just another billionaire whose legacy depends on the success of LIBRA? The founder and still majority shareholder of Iliad is billionaire Xavier Niel, who loves challenging the corporate establishment and is the founder of the StationF, one of the biggest startup campus.
For the 5 members that are non-profit organizations, I can only but ask how they `coughed up` the $10mil. Could it have been arranged as a loan or some other side trade arrangement? Three flags go up (albeit light colored) for Kiva, Mercy Corps and Women`s World Banking.
The remaining two non-profits – Creative Destruction Labs and Breakthrough Initiatives – seem odd in the LIBRA family. How did a university tech incubator `cough up`$10mil? The Why is probably that they aim to become a venture studio that builds part of the ecosystem needed to make the LIBRA stable coin scale. But Why does an extravesical think tank with Mark Zuckerberg on the board, participate in LIBRA?