What do you guys think coinbase has in store for the future? With the volatility of the crypto market, is it prudent for someone on a visa to join that company?
No
IMO the risk is similar to joining a early stage venture, high risk high reward. Update:- I am on a work visa
Do you know if it’s possible to negotiate severance up front with Coinbase? I would be willing to take the risk and participate in the Coinbase compensation structure (lesser equity upside), but only if I know I have a significant severance package (like on the order of 12 months salary + automatic vesting of the next 12 months equity) if they suddenly had to do layoffs or a big reorg. Without that protection it feels like the big comp numbers are just funny money you can’t count on.
As a Bitcoin enthusiast for 10+ years, Coinbase has no business model and is swimming in a serious red ocean. Do not join.
They have lots of money tho. Are you not optimistic they will spend and figure it out?
I don’t see any way they can be competitive long term with other exchanges who will have lower overhead. They aren’t inventing anything new, and competition is going to quickly be able to provide equivalent services at lower costs, if they don’t already. I’m not sure if Coinbase will be competitive by end of year with FTX, for example. And there’s going to be 20 FTXs in the next 10 years.
Bleak at best
No