Update: I joined Coinbase. DM me for referrals, I’d love to help out. Original post: Offer stage, designer, 1.3 year FT experience. I’ve always been excited about their products and see high impacts I can make there. TC similar to FANG offers I got. How would you choose? How is career growth oppurtunities and WLB there? TC: slightly > 200k
Great, we’re growing quickly!
Are you willing to create for a yet unknown world where people can lose all their savings in an instant?!
I’m seriously debating with myself on whether to join CB or one of FANG, any info would be helpful!
Was a Fintech VC -- my two cents I would say two major things with FAANG vs. CB. 1. CB is about 1k employees vs FB is 45k, so you'd be a bigger deal there, have better career opps, cooler projects (probably) 2. Coinbase is very undervalued compared to competitors (e-trade, scott trade, exchanges) - they made (I think) about 1.5B in the past two years in Rev with very small headcount. This means they're crazy profitable which is very rare in the valley, and will make them an attractive IPO compared to non-profitable recent IPOs like Uber, Lyft, Slack, etc. -- IMO equity upside is much, much higher here than FB would be 3. Coinbase model isn't really predicated on crypto asset price, only really on volume. More and more DApps are coming out, which means regardless of crypto value, volume will be there, which means that CB is very resillient against crypto market shocks. Also geopolitical instability is a driver of crypto value, so if there's a recession, brexit, impeachment, etc. that's actually good for Crypto -- not bad, unlike all other things. 4. Coinbase appreciates in value every time a regulation around privacy comes out because crytpo is inherently protective of privacy -- FB is the opposite and is looking at anti-trust issues. To me it would be a no brainer assuming you're early(ish) in your career. In terms of work life balance, FAANG companies are notoriously bad. They don't design those crazy campuses with dorms on site so that their employees go home. That said, if you're further along in your career, and are past the sweat work stage, FB could be a good .place to collect a safdr (prob slightly larger) paycheck with (arguably) less risk (but way less upside) on the equity side.
Thanks for the great insight! Was about to make my decision soon, really helpful! I did tons of research of Coinbase, Kraken, Binance, and tbh they all seem undervalued to me, considering their valuation is based on investment earlier this year or late 2018 when the market is super bearish.
2017, CB revenue 923m; in 2018, revenue drops to 523m, which is a 44% YOY drop, also 60% lower than the projected 1.3b. Whats CB’s strategy to stand strong considering the high volatility of digital assets?
Be aggressive and ask them... their answer will help you decide.
Curious how they answered!
Update: I signed with CB
@OP .. hows your time going at Coinbase so far..
So far so good. Need referral?
Bump
Hi! Could I still DM you for a referral? Very interested in a PM role at the company
Way to go op!
Personal Finance
14h
3068
Is it cheaper to eat chipotle everyday than buy groceries ?
Tech Industry
15h
2457
Google giving meals. Meanwhile Amazon L8 “don’t take more than one fruit”
Health & Wellness
18h
1389
Quitting Sugar
Working Parents
18h
2578
Is it true many Indian couples are in sexless marriage?
Tech Industry
9h
291
How many hours per week do you actually work?
📄 📄 📄 💵 💵 💵