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A follow up to Coinbase being a mission focused company

blog.coinbase.com

171–180 of 774 posts

Re: A follow up to Coinbase being a mission focused company

#171
post #96

Earlier quoted context omitted.

Alternatively, if you see a resume with Coinbase through 2020-2021, that person probably prefers the opposite, which may also be seen in a positive or negative light, depending on your stance.

It signals that a person did not want to be politically active at their workplace enough to lose/quit their job. I think that says nothing of a persons political views and is just self-preservation or even indifference. Hiring would have to make some very tenuous assumptions to consider that a signal.

Indifference to politics is a political view.

Re: A follow up to Coinbase being a mission focused company

#172

One thought: If you see a resume with Coinbase until October 2020, that's probably someone who prefers political activism in the workplace. That might be seen in a positive or negative light, depending on your stance. I personally am afraid to associate myself too publicly with a political stance, lest I be wrong and/or the environment changes.

Not necessarily. Everybody knows the best way to move up in tech is to switch. Depending upon your options taking this offer and moving to another company where you make more is the best possible path you could take. Throw in the desire right now for people to leave SF and it gets even better.

Re: A follow up to Coinbase being a mission focused company

#173
post #123

Is "apolitical" stance a bad thing? Isn't it the default, safe? I lived in country where you had to be "political" to be in management, it didn't end up well (East Europe, Soviet Union), I always (naively?) thought that West countries were wiser. So I prefer companies to not mess with politics.

"Apolitical" is the default. It's another way of saying, "The way things are is fine". The problem is that this is, in itself, a political stance. An example could be climate change. If Coinbase is doing nothing to make energy more green (even if that's just writing amicus briefs or blog posts), then they are effectively saying, "The way things are is fine."

> "Apolitical" is ... another way of saying, "The way things are is fine".

I disagree strongly & think you're dead wrong here. Apolitical in the workplace is saying "we come to work to align on & collaborate in working towards shared goals and those goals are what we should be focused on at work. People who share this goal (coinbase, make money, promote crypto whatever) may vote R, D, or not vote at all. We can all still work together on our shared goal."

It means people with different views can work together on stuff they do agree on rather than "I can't work with anyone who doesn't vote the same as me" which is what social-justice-in-the-workplace seems to lead to, for better or worse.

It is NOT an endorsement of the status quo, it's a recognition that you and I might both oppose the status quo for completely different reasons that have nothing to do with work.

Re: A follow up to Coinbase being a mission focused company

#174
post #112
post #77

Of course, it's impossible to know now, but I wonder how many people would've still left if there was no exit package. It's possible some decided they wanted to work somewhere else and saw a way out.

I don’t know if they still do this, but I recall Zappos having a constant offer on the table to pay you to quit. I bet they didn’t have 5% turnover over some time-deaf email from the CEO. My guess: those 5% got sick of tone-dead all hands meetings/memos and saw their chance to bail out. I wonder what other companies during the Covid recession has 5% voluntary turnover?

Zappos will pay new employees (reportedly 4k USD) to quit.

Coinbase's offer was 4-6 months severance with benefits over that timeframe.

Re: A follow up to Coinbase being a mission focused company

#175

Earlier quoted context omitted.

why? typically RSUs/signing bonus vest over 4 years period

My longest stay at one job as been 2.5 years. By changing jobs, I get a lot more experience in a lot of different things. I've worked in five different markets: https://battlepenguin.com/tech/tech-culture-shock-from-ameri... I know people who've been at the same job for 6~7 years and they are totally getting paid way under market. A company might give you a 2~3% cost of living increase, or a $5k promotion every few y…

> but switching jobs let's you ask for $10k or more

Right... but aren't the options you're throwing away worth 10x that? How can it possibly be worth it?

Re: A follow up to Coinbase being a mission focused company

#176
post #94

Earlier quoted context omitted.

Many companies, like Coinbase, don't have RSUs.

Coinbase does offer stock options though.

Which may or may not be worth anything. The rule of thumb is to value stock options at 0 for a reason. As opposed to RSUs, which are liquid upon vesting.

Re: A follow up to Coinbase being a mission focused company

#177
post #123

Is "apolitical" stance a bad thing? Isn't it the default, safe? I lived in country where you had to be "political" to be in management, it didn't end up well (East Europe, Soviet Union), I always (naively?) thought that West countries were wiser. So I prefer companies to not mess with politics.

"Apolitical" is the default. It's another way of saying, "The way things are is fine". The problem is that this is, in itself, a political stance. An example could be climate change. If Coinbase is doing nothing to make energy more green (even if that's just writing amicus briefs or blog posts), then they are effectively saying, "The way things are is fine."

There's nothing apolitical about forbidding employees from talking about certain sensitive topics at work, especially where what's "sensitive" is a subjective decision by management.

Re: A follow up to Coinbase being a mission focused company

#178
post #144
post #123

Is "apolitical" stance a bad thing? Isn't it the default, safe? I lived in country where you had to be "political" to be in management, it didn't end up well (East Europe, Soviet Union), I always (naively?) thought that West countries were wiser. So I prefer companies to not mess with politics.

This has been discussed extensively in the previous threads on Coinbase, but banning the discussion of certain topics in the workplace is itself a political stance. Very much so.

Is banning discussion of religion in the workplace a political/religious stance?

Or is it just an attempt to be decent and get people to do the thing they were hired to do, which is to make their investors more fucking money? As a shareholder in several tech companies, I don't like the idea of people having discussions like these on my dime. How many bugs that were never fixed with Youtube Music, for example, could have been fixed if there weren't shit heads sitting around having flame wars on my fucking dime?

Re: A follow up to Coinbase being a mission focused company

#179
post #66
post #45

Earlier quoted context omitted.

This idea of "everything is political" is why the discourse went to shit, now nobody can catch a break from politics, and if you had enough and don't want to take part then you instantly gets attacked for "supporting the status quo". I prefer to not be lectured on political issues by my orange juice brand. Their mission should be to sell high quality orange juice and make a profit.

I think in prior times when we didn't have all the information we have available at hand: sure that's fine. But what if your orange juice brand of choice was actively contributing to the destruction of the environment, lobbying politicians to make them exempt from environmental regulations, and destroying competition in nefarious ways? That's an extreme but if that's information you have and you still support that or…

If 95% of the people at the company don't care, but you're the person who won't stop bringing up the need to change orange juice vendors, to the point that it's disruptive and annoying to the 95%, maybe they don't want to work with you any more. And maybe it's not the right company for you, either. Why would you want to work with a bunch of people who are indifferent to environmental destruction when there are literally thousands of companies out there who actively embrace your orange juice opinions?

Re: A follow up to Coinbase being a mission focused company

#180
post #123

Is "apolitical" stance a bad thing? Isn't it the default, safe? I lived in country where you had to be "political" to be in management, it didn't end up well (East Europe, Soviet Union), I always (naively?) thought that West countries were wiser. So I prefer companies to not mess with politics.

"Apolitical" is the default. It's another way of saying, "The way things are is fine". The problem is that this is, in itself, a political stance. An example could be climate change. If Coinbase is doing nothing to make energy more green (even if that's just writing amicus briefs or blog posts), then they are effectively saying, "The way things are is fine."

Being apolitical in the workplace is a way of making it possible to work together for a common goal with people who are very different than you and have very different opinions.

You can still be very politically active on your own time.

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