I have received a very good offer from Coinbase after 8 interviews and hiring manager seems very nice guy, I am looking for answers from experts about risk/reward balance to join company like Coinbase considering business they are operating and market dealing with decentralized technologies. I have seen lot of google, Apple, meta employees (especially top layer like VP, director etc) joining Coinbase recently thinking it’s going to be market leader in decentralized Finance and can become next FAANG, how true is this ? Also I am working in workday from last 7 years with decent pay and okay team (manager is not so good but I can change the team) I started interviewing only because my current manager is not friendly and turned bossy and demotivating and looks like she is limiting my options to get promoted because I don’t agree with all her thoughts (in meetings) and sometime we will have conflict opinions and she will feel offended if I don’t agree to her hence started interviewing and received 3 offers so far and Coinbase is top of market among all of them. Coinbase IC5 350k Workday current TC 275k (plus retention bonus of 20k last year) #coinbase #google #workday #faang #crypto #blockchain #meta #engineering #software #swe #managers #bossy #bitcoin #decentralized
I will be joining Coinbase from FAANG and I’m liking my decision even more despite stocks going down. I think CB has a bigger chance to rebound compared to where I’m coming from 😉
Specially that 50% dip you saw just last week 🤣 but I thought Netflix pays more cash so you don’t have to worry a lot.. What’s your TC for IC5 ? Is that worth the risk and projects you are getting
I’m in a non tech role in another region, and they were able to provide me a better TC compared to the all cash package 😜
From a crypto perspective, for now they are leading the way. A lot of that had to do with it being the leading US crypto exchange. They’re not nearly as popular elsewhere. Kind of similar to how android is more popular in more countries, Binance is more popular globally. But because Coinbase is in the USA and raised so much in their IPO, they’re leading it. Their product is good, but the biggest risk to all crypto companies is will people actually embrace decentralization? If they do, these centralized companies like Coinbase will see stagnant growth long term. Also in a recession, a Coinbase will get hit harder in my opinion than a workday.
Appreciate your time to comment real things, hardly anyone on blind is giving such advice now a days and only worried about TC jump and what’s the numbers. We need more people like you , thanks 🙏
Depends on the outlook of crypto in the US. I am bullish on bitcoin adoption. Coinbase has positioned themselves to be a leading exchange in the US. It’s also important to note that extreme volatility of the asset which we could see in a recession might not be a bad thing for Coinbase since they make money on transaction fees.
I actually think they are undervalued. The fact that the are already profitable is promising. I would join.
Yeah they are undervalued at the moment for sure but howz overall business diversification looks like to you to survive the stormy weather
It’s certainly a risk, might pay off might not. How do you personally feel about crypto?
Crypto token & blockchain has lot of use cases than just Bitcoin and other currencies and more I am learning the technology more I am getting bullish on its future because I feel most of common engineering including me don’t understand the technology in depth and hence can’t expect from common people to make its sense but it has real potential (I spent more than 3 days to learn it ) and now it’s making little sense to why these minds from google, Microsoft, meta and other FAANG is shifting gears to join Coinbase or decentralized companies
They have 10,000 employees. Why a company so young has that many people? This always makes me wonder if C-suite and other SLTs have a clear line of sight of their vision, goals and how to get there. It never gives me confidence when hyper growth means hyper hiring (to cut later). No platform, infrastructure or API first company born in the last 5 years should have 10,000 employees.
Me CoolRynnin they only had 1k employee when they went public and stared making profits and even today they hardly have 3k employees, your initial assumptions about number of employees and hyper growth is baseless and I guess your don’t even understand what decentralized technologies means (which is normal) and hence I wouldn’t take your comment seriously, it’s happens 🤣
Look at it this way: if you go there and they bust, what happens? You take a month to brush off, interview somewhere else, and go take another role, likely at or above what you were making. It would also likely take years for any kind of bust to materialize, during which time you’re banking away that money and making good connections. Now ask yourself the alternative: if you go there and they reach that growth potential and take off, what happens? You come away with the same years of banking away the high pay, but also years of expertise and experience in what would then be an even more in-demand technical area. Likely also you’ve leveled up once or several times, maybe moved into the managerial side, and rode the company success to personal career success. This is mostly the calculus behind why other big tech employees, me included, are flocking to Coinbase. This is why most people join hyper growth companies to begin with.
Wow you made me decide easily now, hats off sir for taking time to comment real thing like this (rather than commenting tc or gtfo type of comments from other engineers) What you said is correct , without some risk there is no bigger rearward and specially when super minds like you and other FAANG brilliant engineers come together I am sure they will work something out to make decentralized products work out for communities or launch something revenue earning . Hope to see you sometime at Coinbase for 🍺 chat 🤟
Glad to see it was of some help. I’ll be starting there sometime next month as an IC6 SWE, so hope to see you around.
Stop making excuses for not following the golden rule of Blind: TC or GTFO
Dude who said it’s a golden rule ? It’s all people like you who simply want to poke in TC all the time without even reading the thread messages, BTW I already shared the numbers in above (my second or third message) go and read it if you really care about only TC, it’s 350k for first year
Count the likes on your posts vs posts supporting the TC ask. And what’s with the “people like you” lol? Watching too many dramas?
Cograts for the offer OP.. do you mind sharing what is the breakdown? Base, stocks and bonus? please DM if it is too much to share here. Thanks in advance.
Coinbase = IBM of crypto. If you’re actually interested in Defi/Web3 I’d join a Defi/Web3 company. 99% of Coinbase revenue comes from centralized exchange Coinbase fees.
What example defie web3 company? Isn't coinbase diversifying it's portfolio on that space?
They are diversifying huge and don’t be surprised if they even get a banking license soon and start new age banking system competing age old traditional bank system with only offices around but no actual innovation 😂 Coinbase is going to disrupt financial industry
Post the actual TC or gtfo
Dude I posted TC jump isn’t that sufficient, also my question isn’t about only money but overall business aspect and career decisions. Hope you understand
GTFO