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Lessons from Coinbase’s Wild Ascent

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Re: Lessons from Coinbase’s Wild Ascent

#3
post #2

Good for him. I am truly glad for him. But I don't really get the point of this type of articles e.g. `Brace yourself to become a billionaire`, `Watch out for hypregrowth`, etc. OK. I'll watch out. Thanks for the heads up. :D

First Round articles universally have this sheen of content free smarminess that reads like self parody, or something Mike Judge would come up with.

Re: Lessons from Coinbase’s Wild Ascent

#4
post #2

Good for him. I am truly glad for him. But I don't really get the point of this type of articles e.g. `Brace yourself to become a billionaire`, `Watch out for hypregrowth`, etc. OK. I'll watch out. Thanks for the heads up. :D

This article is more focused on how you should approach organization growth and re-structure.

Had see a company going through rapid growth I see some good tips there.

Re: Lessons from Coinbase’s Wild Ascent

#6

I wonder why you would need to add engineers to scale an automated trading platform. Extra features, sure. But scaling? Shouldn't be an issue if things are reasonably designed.

To fix all the technical debt you (rightfully) incurred by focusing more on shipping than future-proofing.

Re: Lessons from Coinbase’s Wild Ascent

#7
post #6

I wonder why you would need to add engineers to scale an automated trading platform. Extra features, sure. But scaling? Shouldn't be an issue if things are reasonably designed.

To fix all the technical debt you (rightfully) incurred by focusing more on shipping than future-proofing.

Maybe for a SaaS product I could see some cleanup. But this doesn't sound like a responsible strategy in the fintech space. In any event, if you had 20 engineers already, surely they could simply fix their stuff or you could replace them with better staff who could. How much code does it take to implement a matching algorithm with some asset silos, an app, and a web interface or two? Not 20 engineers worth. This smells like VC tap-money gone riot.

Re: Lessons from Coinbase’s Wild Ascent

#8

I wonder why you would need to add engineers to scale an automated trading platform. Extra features, sure. But scaling? Shouldn't be an issue if things are reasonably designed.

At the height of the boom last year, Coinbase was signing up 50,000 new customers every day. Scaling would be a problem for any web app at that level of growth.

Re: Lessons from Coinbase’s Wild Ascent

#9
post #6

Earlier quoted context omitted.

To fix all the technical debt you (rightfully) incurred by focusing more on shipping than future-proofing.

Maybe for a SaaS product I could see some cleanup. But this doesn't sound like a responsible strategy in the fintech space. In any event, if you had 20 engineers already, surely they could simply fix their stuff or you could replace them with better staff who could. How much code does it take to implement a matching algorithm with some asset silos, an app, and a web interface or two? Not 20 engineers worth. This smel…

You'd be amazed. The first startup I worked at could barely maintain a CRUD web application with 15 experienced devs.

Re: Lessons from Coinbase’s Wild Ascent

#10
post #6

Earlier quoted context omitted.

To fix all the technical debt you (rightfully) incurred by focusing more on shipping than future-proofing.

Maybe for a SaaS product I could see some cleanup. But this doesn't sound like a responsible strategy in the fintech space. In any event, if you had 20 engineers already, surely they could simply fix their stuff or you could replace them with better staff who could. How much code does it take to implement a matching algorithm with some asset silos, an app, and a web interface or two? Not 20 engineers worth. This smel…

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