How I Built This with Guy Raz Coinbase: Brian Armstrong
31 snips
Nov 15, 2021 
Brian Armstrong, Co-founder and CEO of Coinbase, shares his journey from building a struggling tutoring website to launching one of the world's largest cryptocurrency exchanges. He discusses the initial skepticism he faced about Bitcoin's value and how he navigated the challenges of securing investment and talent in the startup world. Armstrong reveals stories from the infamous crypto winter and the emotional toll it took on his leadership. He also shares insights on maintaining focus amid market volatility and the future potential of cryptocurrencies.
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Early Entrepreneurial Efforts
- Brian Armstrong's early entrepreneurial efforts included a tutoring website, UniversityTutor, during college.
- Although profitable, it didn't achieve the scale he desired, demonstrating the challenge of product-market fit.
Product-Market Fit
- Finding product-market fit requires continuous tweaking and customer feedback.
- It's a challenging process because entrepreneurs never know if they're one step away from success or if their idea will never work.
The 4-Hour Workweek Experiment
- While running UniversityTutor, Armstrong moved to Argentina for a year, embracing a "4-Hour Workweek" lifestyle.
- Despite valuing freedom, he realized he thrived on working and sought the challenges of Silicon Valley.
