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Coinbase employees petition to remove execs

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Re: Coinbase employees petition to remove execs

#151

Post by asien »

jiggawatts wrote: post #124
asien wrote: post #43

Earlier quoted context omitted.

> I think FB, Goog, etc. could lay off thousands with no adverse effects and in fact an increase in velocity, quality, and quantity of new features/products. You can add Airbnb,Netflix,Uber they often attend conference to describe their architectures.It’s obvious most of these people have no idea what they are doing have no clear direction. They are just havin’ fun will trying to navigate corporates politics. Even th…

There was a post here recently where a Netflix employee was proudly showing off their log processing system. Which was collecting the equivalent of nearly 2 MB of logs per minute of user streaming time. In my mind, that's just bonkers, and no amount of handwaving could justify it.

> 2 MB of logs per minute of user streaming time.

2MB/minute is 33KB/second.

How is that impressive?

Re: Coinbase employees petition to remove execs

#152

Post by thinkharderdev »

koonsolo wrote: post #83
blocked_again wrote: post #38

Companies should only hire entrepreneurs and engineers who has proven track record as builders as execs. Hiring people from business schools and non engineers as execs is the stupidest thing you can do for long term sucess of the company. Hire builders. Not resume builders.

I think this theory is proven in practice. If you look at the major tech companies, they are all run by people who programmed at some point. Bill Gates, Elon Musk, Jeff Bezos, Larry Page, ... . However, Steve Jobs seems to be an exception here (In Dutch, we have the expression "The exception proves the rule" ;), which basically means that all theories have exceptions) I think it's very hard for non-builders to really…

Was Bezos an engineer? I thought he was a hedge fund guy before founding Amazon.

Re: Coinbase employees petition to remove execs

#153

Post by vijucat »

kstenerud wrote: post #138
fathyb wrote: post #10

Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…

I've been in situations like this before. The end result is one giant popularity contest, with the beautiful people clique getting the highest ratings, and everyone else getting varying degrees of shit based on how unpopular they are and how much intrigue is currently going on. They didn't even have to actively collude; humans come with very sensitive popularity meters built-in, so they instinctively know where to pl…

> humans come with very sensitive popularity meters built-in, so they instinctively know where to place others, and it pretty much governs itself.

Great insight! It's like an ouija board. It feels like you're making independent decisions and a gestalt outcome "appears", but it's much more social than we perceive.

Re: Coinbase employees petition to remove execs

#156

Post by itsoktocry »

kstenerud wrote: post #138
fathyb wrote: post #10

Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…

I've been in situations like this before. The end result is one giant popularity contest, with the beautiful people clique getting the highest ratings, and everyone else getting varying degrees of shit based on how unpopular they are and how much intrigue is currently going on. They didn't even have to actively collude; humans come with very sensitive popularity meters built-in, so they instinctively know where to pl…

>with the beautiful people clique getting the highest ratings,

I don't think you're wrong, but it's also a cynical interpretation.

Another way to look at it is that people who other people want to work with get high ratings. Is that bad? From a company culture standpoint, I'm not sure it is. In fact, I often see posts and comments on these very boards about the toxicity surrounding "really good programmers" who are jerks, but tolerated. That's not a great outcome, either.

Where is the middle ground?

Re: Coinbase employees petition to remove execs

#157

Post by ribs »

tsimionescu wrote: post #57
fathyb wrote: post #10

Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…

> how well they demonstrate the 10 crore Values at coinbase I wonder if these are the 10 core values, or Coinbase actually has 10 crore (100,000,000) values they want employees to think about... Doesn't seem impossible given some HR departments I've seen.

It’s tempting to make a joke like “I don’t lakh the odds of that”…oh dear, consider it made

Re: Coinbase employees petition to remove execs

#158

Post by mistrial9 »

kstenerud wrote: post #138
fathyb wrote: post #10

Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…

I've been in situations like this before. The end result is one giant popularity contest, with the beautiful people clique getting the highest ratings, and everyone else getting varying degrees of shit based on how unpopular they are and how much intrigue is currently going on. They didn't even have to actively collude; humans come with very sensitive popularity meters built-in, so they instinctively know where to pl…

no, you imagine a well-functioning high school with that colorful story.

Re: Coinbase employees petition to remove execs

#159

Post by zwily »

asien wrote: post #151
jiggawatts wrote: post #124

Earlier quoted context omitted.

There was a post here recently where a Netflix employee was proudly showing off their log processing system. Which was collecting the equivalent of nearly 2 MB of logs per minute of user streaming time. In my mind, that's just bonkers, and no amount of handwaving could justify it.

> 2 MB of logs per minute of user streaming time. 2MB/minute is 33KB/second. How is that impressive?

I think the impressive thing is how much data that is for each user-minute. What could they possibly be storing in 33KB for each second of Netflix you stream?

Re: Coinbase employees petition to remove execs

#160

Post by lbriner »

yardie wrote: post #144
xtracto wrote: post #132

Earlier quoted context omitted.

Back when i was testing so setup a startup I proposed a crazy idea to my cofounder: Let's setup an equity programme where every time a new person is hired, a chunk of equity would be taken directly from the existing employees(including founders!!), and would go to the new hire. So that 2 founders would start with say 80% of the company (20% was for VCs) , and after hiring the first hire, he will get 20%, and founders…

Doesn’t this already happen at most startups. Each round dilutes the founders share and dilutes the shares of existing employees. The VC might have targets like, acquire 10m users or generate $40m in revenue, and that might not be possible with a team of 5.

That's only if you raise another round and don't have enough equity for the founders to just gives some of theirs. OP is talking about something more automatic for every new hire.
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