Coinbase CEO Brian Armstrong is back in the news as he once again chose the honest approach instead of the polished corporate one, making it clear that working at the major U.S. cryptocurrency exchange is not for everyone and that the company goes out of its way to be clear about this during hiring.
According to Armstrong, the challenge is not hidden or sugarcoated, because the blue exchange would rather keep away those who want comfort than deal with cultural mismatch later, and while that honesty can put off some candidates, it has also built a team of people who are tied together by mission instead of convenience.
It’s important to be very honest upfront with what a job is (and isn’t). Otherwise you end up bringing people in that don’t actually want to work there.
Working at Coinbase is hard. We mention this a lot during the hiring process. It scares some people away, but that's actually… pic.twitter.com/bg62gxjj4J
The internal slogan presented on the exchange's site spells it out in even fewer words: "Working at Coinbase isn't for the faint of heart."
Is Coinbase stepping stone?
This challenging environment has shaped Coinbase into a "founder factory," outlines Armstrong. Many who spend years there leave disillusioned but equipped with knowledge, contacts and confidence for their next venture.
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Interestingly, he framed this as a source of pride, not brain drain. This is understandable if you look at the career routes of Armstrong himself, who started Coinbase through the Y Combinator accelerator program — the legendary startup hub.
With brutal honesty, Coinbase is not trying to sell itself as an easy option for job seekers. It is making it clear that anyone who joins should expect to be challenged, tested and possibly transformed by the experience. Those who can handle that pressure may well find that it is the most meaningful stage of their career, according to the CEO.
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