Wasn't this guy one of Paul Graham's darlings? Weren't the "geniuses" at YCombinator invested in this pile of trash?
I would really like one of those "insightful" posts from pg telling us how to pick winners right about now.
I would really like one of those "insightful" posts from pg telling us how to pick winners right about now.
What's your point? Are you confusing the market they're in contracting (alongside the whole market) with them losing?
Coinbase is a massive success. It has a 100 million users and is the best known crypto exchange for retail. They did pick the winner.
This layoff creates a lot of emotional attention but doesn't mean that much in business terms. They were overhiring anyway and all of tech is massively down. It's a small undoing of growing too fast.
When you posted anything negative and mentioned YC in the headline, the mods edited the headline. When Coinbase went dark during the first crypto winter (or was it the second?), asking for some/any help here was ridiculed by the YC powers that be (i.e pg)