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1 Year of Coinbase as a mission focused company

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Re: 1 Year of Coinbase as a mission focused company

#211
post #71

Just want to say how ridiculous this is from a European perspective. I know nothing better than for any company to be mission focused. You go to work to do work. And you do so with a degree of neutrality, as you can't pick your colleagues, yet still need to cooperate with them. This doesn't mean you can't say anything at all, it means you shouldn't be overly divisive or confrontational. A company isn't your personal…

> I work in a tech hub in Europe that has 80 nationalities, people from all walks of life. Any ethnicity, sex, gender, sexuality, religion and political conviction you can think of and we all get along just fine with zero tensions. I’m sure this statement is not true, (racism and sexism don’t exist in Europe now?) but even supposing it is, there are very few companies in the U.S. that are this diverse. And the state…

Sure there are. Have you walked into any FAANG office? There are a huge variety of West/East European nationalities and East/Southeast Asians. That's representative of over half the world's population right there. You can probably find an engineer from every single one of the ex-Soviet countries in an NYC Google office.

I suppose by diversity you mean the right kind of diversity then?

Re: 1 Year of Coinbase as a mission focused company

#213
post #56

I wrote this in an email turning down a chance explore opportunities at Coinbase. > To me, diversity and social justice are critically important. I have the luxury of being selective in where I put my time and energy and it is important those values align with my career. I appreciate aspects of being "mission focused" but I think that there is a gulf between my personal values and Coinbase's values such that I would…

Considering Coinbase isn't seeing any attrition above normal for tech and isn't having issues recruiting, I think nobody really cares.

Also, if you're white and claim diversity and social justice to be "critically important" then why don't you give up your job so that a minority can take it?

Re: 1 Year of Coinbase as a mission focused company

#214
post #95

Earlier quoted context omitted.

I will think about it the next time I buy an old lawnmower on craigslist.

I hope you properly paid sales tax on that purchase, if required, as the political system in many US states requires you to.

If I take a dump I have to ensure to dispose it properly, because the fecal disposal is tightly regulated by many states, therefore taking a dump is a political issue.

Re: 1 Year of Coinbase as a mission focused company

#215

Earlier quoted context omitted.

As a European living and working in the US: your comparison is very shortsighted. European countries literally have no legal concept of at-will employment. They have strong social nets that make quitting your job much easier, and more prevalent unions that fight to improve working conditions (all of these things are, gasp, political! incidentally) By comparison employment in the US is messed up enough that if you lea…

> Companies with great policies can sometimes retain employees on that basis alone! So I recently quit a FAANG and they sent me a COBRA notice with the cost of their insurance benefit. You can get great FAANG insurance for about $10k a year, which is peanuts for a Silicon Valley engineer. We need to dispel the myth that Silicon Valley engineers are working for health insurance.

>"We need to dispel the myth that Silicon Valley engineers are working for health insurance."

The OP was referring to US companies in general not FAANG companies, which are outliers by many measures. If you read the sentence before the one your quoting it provides the context:

"By comparison employment in the US is messed up enough that if you leave your job you lose your health insurance."

Also smaller companies generally pay significantly more per employee than a megacorp does. And this is the amount one assumes when COBRA kicks in. Also for 10K I'm guessing you have an individual plan and are not covering family dependents which would also add significantly to the premium.

Re: 1 Year of Coinbase as a mission focused company

#216

Earlier quoted context omitted.

As a European living and working in the US: your comparison is very shortsighted. European countries literally have no legal concept of at-will employment. They have strong social nets that make quitting your job much easier, and more prevalent unions that fight to improve working conditions (all of these things are, gasp, political! incidentally) By comparison employment in the US is messed up enough that if you lea…

> Companies with great policies can sometimes retain employees on that basis alone! So I recently quit a FAANG and they sent me a COBRA notice with the cost of their insurance benefit. You can get great FAANG insurance for about $10k a year, which is peanuts for a Silicon Valley engineer. We need to dispel the myth that Silicon Valley engineers are working for health insurance.

We need to dispel the myth that everyone that works at a Silicon Valley company is an engineer.

Coinbase in particular will have legions of support people (who do you think answers the phone/customer emails?). I would bet that $10k (or maybe $15k for a family) is a meaningful fraction of the annual compensation for many roles at Coinbase.

Re: 1 Year of Coinbase as a mission focused company

#217
post #12

Earlier quoted context omitted.

Why do people think work is an appropriate place for political activism?

Everything you do is implicitly political. To say you're non-political is just another political position itself - complicity with the status quo.

When I go for a walk with a friend, is that political? When I play a puzzle game on my computer? When I read The Hitchhiker's Guide to the Galaxy? When I cook dinner?

I suggest that there is much activity in life that is not political.

Re: 1 Year of Coinbase as a mission focused company

#218
post #71

Just want to say how ridiculous this is from a European perspective. I know nothing better than for any company to be mission focused. You go to work to do work. And you do so with a degree of neutrality, as you can't pick your colleagues, yet still need to cooperate with them. This doesn't mean you can't say anything at all, it means you shouldn't be overly divisive or confrontational. A company isn't your personal…

One thing that I've noticed is that Americans are hyper-focused on raising awareness. Most people should realize that Coinbase making a statement about BLM would lead to zero progress towards the advancement of Civil Rights. However, for some people, it's so important that they'd sacrifice their job for it.

Re: 1 Year of Coinbase as a mission focused company

#219
post #7

If the mission was to expel all of your black employees...mission accomplished I guess

"One of the biggest concerns around our stance was that it would impact our diversity numbers. Since my post, we've grown our headcount about 110%, while our diversity numbers have remained the same, or even improved on some metrics." What that means in terms of black employees precisely, idk. But isn't it kinda racist to assume black people are a monolith with universally shared opinions? I can assure you that's not…

What are their diversity numbers? What are their metrics? Are diverse hires paid fairly?

I ask because they have a concrete history of discrimination towards black employees!

https://www.nytimes.com/2020/12/29/technology/coinbase-pay-e...

https://www.nytimes.com/2020/11/27/technology/coinbase-crypt...

Re: 1 Year of Coinbase as a mission focused company

#220
post #71

Just want to say how ridiculous this is from a European perspective. I know nothing better than for any company to be mission focused. You go to work to do work. And you do so with a degree of neutrality, as you can't pick your colleagues, yet still need to cooperate with them. This doesn't mean you can't say anything at all, it means you shouldn't be overly divisive or confrontational. A company isn't your personal…

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