131–140 of 842 posts
3 years ago they were touting NFTs as the next big thing. Today, not a single mention in that email. I can't help but feel that there is a superficial chasing of trends at play here (adopting the same playbook that Block used earlier). Question is, where will we all be in 3 years from now?
Earlier quoted context omitted.
"US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA." 4 months basic severance pay + 1 month for 2 years emploument is nice? so total 5 months severance after 2 years of working for them or only 6 months after 4 years let me guess you are from US if you think this is nice, as European I would say this is fairly standard, nothing to br…
> as European I would say this is fairly standard I must live in a different Europe then. I'd say this would be EXTREMELY generous for Europe.
> - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. Geeks who didn't even stand near professional sports should really shut up about anything sport related, lol. I would really like to see professional, established coach running around with young prodigies on a peak of their bio…
The CEO is looking at revenue and at costs. He can see what will happen if current burn rate isn’t reduced. Doesn’t it come (in part) to numbers, which must be reduced/scaled as needed? (Along with other costs)
> Non-technical teams are now shipping production code and many of our workflows are being automated. T Is Brian here? Can he speak more to this? What exactly are non technicals shipping to production code? I've got no position in Coinbase but is that a wise thing to say as a public company? I'd be alarmed if I were a share holder
Boy that's scary for a company that's effectively fintech...
Earlier quoted context omitted.
Your comment reminded me that this still happens in the NBA. At 43 years old, Udonis Haslem seldom played minutes towards the end of his 20 year career with the Heat. But they kept him on as a “player-coach,” in that he was a mentor to the younger players and assisted in their coaching. Kyle Lowry is another current example of this “player-coach” role, currently on the Sixers.
Haslem played 72 minutes the entire 82 game season. That's like the Engineering manager who ships a PR once a year.
The reality is that Coinbase earns on trading volume, and since we are in a crypto bear market, revenue is down. So they have to cut to keep the company profitable (or in line with what the investors expect). While AI is likely a productivity boost, the underlying reason is not AI.
They're so tied to crypto that i'm surprised they haven't been tempted to diversify into other asset classes, or even yolo into prediction markets like robinhood did. It would be slop, but the market would love it
They’ve added tokens and altcoins to the platform, but I don’t think that’s a particularly strong long-term bet.