web3 with a16z crypto Leading through uncertainty (with Coinbase CEO)
Mar 28, 2024
Coinbase CEO Brian Armstrong discusses navigating entrepreneurship challenges, building a resilient mindset, and the evolution of a popular exchange platform. Topics include citizen advocacy for crypto policy influence, engaging with elected officials, and balancing core business with disruptive innovation.
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Coinbase Investment Story
- Chris Dixon recounts investing in Coinbase 10 years prior.
- He flew back from New York at midnight to renegotiate after initially offering too low a valuation.
FTX Aftermath & Moving On
- Brian Armstrong compares the FTX collapse to the Mount Gox incident, predicting a similar one-year recovery period.
- He believes the conviction of SBF allows for psychological closure and forward momentum in the crypto space.
FTX and Politics
- The FTX situation fueled existing anti-crypto sentiments in US politics.
- Armstrong believes some politicians exploit the situation for personal gain.