Coinbase co-founder Fred Ehrsam has founded Primavera and is preparing to take over multiple oil fields in Venezuela.

According to Bloomberg, Coinbase co-founder Fred Ehrsam is betting his personal funds on Venezuela’s oil industry. He called the opportunity to become a major oil producer an "exceptional opportunity," comparing it to the once-in-a-decade investment that helped him become a billionaire. Ehrsam-founded startup Primavera has recently signed multiple contracts with Venezuela’s state-owned oil company PDVSA and is preparing to take over operations at several of the country’s oil fields. Primavera ha

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