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> Company's start to scramble when they cease to grow. Stakeholders double down. Employees start looking elsewhere. Executives make brash decisions based on emo
by repomies691 7y ago
> Company's start to scramble when they cease to grow. Stakeholders double down. Employees start looking elsewhere. Executives make brash decisions based on emotions. etc etc.
However also similar stuff is happening in growing companies because of other factors. Also companies often survive quite well even if they don't grow that much.
To me it seems like coinbase is still in a very sweet spot. Crypto markets are not going away, and coinbase helds massive first-mover advantage. No matter how much they will fuck up on exec level, they will probably still make good revenues if they just can keep their current service running.
- wslh 7y ago> However also similar stuff is happening in growing companies because of other factors. Also companies often survive quite well even if they don't grow that much. That is true but in the crypto scene there were many [extreme] layoffs and closings connected to the last "crypto winter". We can mention big names like ConsenSys, Bitmain, Steemit, SpankChain, and ShapeShift so it is not difficult to think that Coinbase was also impacted.
- repomies691 7y agoSpankChain, wtf is that? Anyway, I don't think crypto winter should be a problem for most exchanges. Unless you predicted future way off and hired too much on 2017 rally. Before 2017 volumes were minisculous compared to 2018 still - business should be good unless the company spent money like crazy.