Coinbase is a decentralized company, with no headquarters
blog.coinbase.com
Coinbase is a decentralized company, with no headquarters
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Re: Coinbase is a decentralized company, with no headquarters
#2Especially important...
It has helped us attract top talent. One of the best parts about being a decentralized company is that we can hire more of the best people. Previously, less than 1% of the world lived within commuting distance of one of our offices. Now we can cast a much wider net. Over the last nine months, we’ve onboarded hundreds of employees from locations outside of the commute range of any of our existing offices. In Q1 of 2020, only 28% of new employees lived outside of California. In Q1 of 2021 to date, 58% of our new hires are from outside of the state.
Re: Coinbase is a decentralized company, with no headquarters
#3I can see a future where office work is so rare that it's considered to be a major benefit only afforded by large corporations.
Re: Coinbase is a decentralized company, with no headquarters
#4Headquarter or not. What matters only in my opinion is where they pay their taxes.
Re: Coinbase is a decentralized company, with no headquarters
#5>In Q1 of 2020, only 28% of new employees lived outside of California. In Q1 of 2021 to date, 58% of our new hires are from outside of the state.
This has huge implications for California. The state of California is horribly mismanaged, but the tremendous amounts of money that is bought in by tech, covers a multitude of sins. However, if that money starts drying up, California will be in a world of hurt.
Re: Coinbase is a decentralized company, with no headquarters
#6Headquarter or not. What matters only in my opinion is where they pay their taxes.
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Re: Coinbase is a decentralized company, with no headquarters
#7This reminds me of how Valve Inc. touts a flat-hierarchy where no one has a boss and you can work on whatever project you'd like. But in reality Valve employees complain about constant office politics and de-facto team structures.
Conceptually a decentralized structure sounds great but it creates power and process vaccuums. And in those vaccuums centralization manifests itself based on office politics. I predict some high profile Coinbase employees are going to coalesce around some location and that will start turning into a de-facto headquarters.
Re: Coinbase is a decentralized company, with no headquarters
#8This reminds me of how Valve Inc. touts a flat-hierarchy where no one has a boss and you can work on whatever project you'd like. But in reality Valve employees complain about constant office politics and de-facto team structures. Conceptually a decentralized structure sounds great but it creates power and process vaccuums. And in those vaccuums centralization manifests itself based on office politics. I predict some…
no headquarters doesn't mean no hierarchy
Re: Coinbase is a decentralized company, with no headquarters
#9Headquarter or not. What matters only in my opinion is where they pay their taxes.
wherever they pay less, as all of tech does
Re: Coinbase is a decentralized company, with no headquarters
#10We've only been doing mass WFH for a year. Many companies have been saying things very similar to Coinbase, but I'm not sure if long-term mass WFH will prove to that great (for the company, I'd argue it certainly won't be great for the average worker).