The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 70 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Choi: COO Role Is Clearing Operational Environment for Product to Ship Fast
“COO to me means I am here to create the absolute best Environment for product and engineering to ship everything they need to ship as quickly as possible, because we are a product and engineering led company.”
Coinbase Interviews Require a 20-Minute Presentation and 10-Minute Q&A
“Finally, we actually have a presentation part of our interview process, and this is the hallmark of Coinbase. And I can tell you a lot of really amazing senior people kind of have a It's 20 minutes of presentation. It's 10 minutes of Q&A.”
Choi Pressure-Tested Armstrong's M&A Commitment Before Joining Coinbase
“I pressure tested this with Brian. Cause I really wanted to make sure if I was going to come over to head up corp dev at Coinbase that Brian genuinely wanted to do M&A.”
Coinbase Allocates Resources: 70% Core, 20% Adjacencies, 10% Venture Bets
“70% of our resources are devoted to core, 20% are devoted to adjacencies, and 10% are devoted to venture bets, right?”
Wilkinson: MetaLab designed Slack and worked with Shopify, Coinbase, and Pinterest
“Also worked with a lot of startups really early on, Shopify, Tumblr, Coinbase, Pinterest. We designed Slack.”
Xie: Crypto platforms must resist listing distracting hype assets during market cycles
“These cycles really come and go, and ultimately you want to build something that lasts throughout this entire period. So by not getting super distracted by things that, you know, if you review and doesn't seem like something that's going to actually stay aroun…”
Boris Wertz: Version One invested in Coinbase's Series D funding round
“So he invested in Coinbase late last year. And you know, as you know, this was a series D, so it's a little bit later than we usually invest in, but we really thought that Coinbase can be one of these iconic companies of the crypto ages, and you know, we're in…”
Green: Lead Edge Capital passed on Chainalysis, Coinbase, and early Bitcoin
“We've looked at stuff around the like we looked at chain analysis years and years ago, probably should have done it. Like the picks and shovels type stuff. Look, should have done Coinbase, like, years and years ago. By the way, I should have bought Bitcoin, to…”
Tomaino emptied his bank account to buy Bitcoin while at Coinbase
“I had all my money in Bitcoin on Coinbase, right? And that's how much I believed. Like I basically you know, emptied my bank account put it all in, in Bitcoin.”
Armstrong: Bain's RAPID decision framework is effective for companies over 500 people
“We also use a decision-making framework called RAPID R-A-P-I-D, which Bain developed And it's, I found it to be pretty helpful as a, as an organization gets to be more than, I don't know, 500 people where you just can't really keep track of who everyone is and…”
Choi: Coinbase caps candidate interview panels at five people
“We have a panel of people. We generally try to keep that panel no more than five people who actually interview the candidate.”
Choi: Coinbase commits to one-week turnaround for RAPID decisions
“We also try to get these decisions decided in a week. So once we actually have the formal rapid written, we're committing to getting back to these folks in a week.”
Coinbase Execs Write 2-3 Problem-Proposed-Solution One-Pagers Every Week
“The exec team ourselves probably write, you know, Two to three a week.”
Shalek: Ribbit Capital made early non-consensus bets on Bitcoin and Coinbase
“Like how it felt when we first invested in Bitcoin and Coinbase. And most people just had no idea what we're talking about.”
a16z made up to four follow-on investments in Stripe and TripActions
“We've invested multiple times in many of our companies. So Coinbase, we invested three times. Roblox, twice. Databricks, three times. Stripe, four times. TripActions, four times.”
Ohanian: Initialized Capital invested in Coinbase's seed funding round
“There's a great Gary Tan story about Coinbase where we had done their seed round”
Choi writes weekly 'top of mind' emails to all Coinbase employees
“And I write a top of mind every Friday to the whole company.”
Choi: Brian Armstrong remains calm regardless of crypto market conditions
“First of all, I think Brian Armstrong, our founder, is the key to this because he is very kind of calm and even keeled and balanced regardless of how the market is.”
Choi: How decisions are made is top interview question at Coinbase
“In fact, it's probably the number one question I get from people who are interviewing with Coinbase. How does decision making get made?”
Coinbase logs all internal decisions and key conversations in Google Docs
“We do everything in Google Docs. If you and I have a conversation and make a decision about something, we document it in Google Docs”
Matt Mochary's coaching client list includes partners at Benchmark, Sequoia, and Kleiner
“On the VC side, Matt has worked with the likes of Peter Fenton at Benchmark, Several Sequoia partners, Hemond at GC, and Mamoon at Kleiner, to name a few. As for founders, Matt's worked with the founders of Brex, Coinbase, Plaid, Reddit, Flexport, and many mor…”