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SBF
@SBF_FTX
Last year, the largest piece of negative feedback we got from VCs: our workforce wasn't growing exponentially enough. We had ~200 employees, they were expecting ~2,000. We told them additional employees added too quickly were net negative, and they could take it or leave it.
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Ryan Salame
@rsalame7926
Time and again VCs and consultants told us we needed to hire faster, grow more quickly, and increase headcount. Through all of the pressure to do that @SBF argued that more headcount was unlikely to increase productivity and output.
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SBF
@SBF_FTX
Replying to
@SBF_FTX
Because in the end the most important thing you can do is make your company a great place to work, where every employee has real responsibility. Only then can you build a great product.
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Gregory P.
@dzrgreg
Replying to
@SBF_FTX
so in summary.... Coinbase just fired the equivalent of 3x the workforce of FTX? that's a stat...
@rsalame7926
we still get to keep the cube in the headquarter right?
Daaaaamn GIF
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DeFi Surfer 🫐,💎
@DeFiSurfer808
Replying to
@SBF_FTX
What is this chart of? FTX’s share of global spot volumes looks much lower than this
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DeFi Surfer 🫐,💎
@DeFiSurfer808
Crypto exchanges are a tough business. In addition to being extremely volatile, share shifts dramatically cycle to cycle. Even powerhouse @binance lost spot share relative to 2018 cycle highs.
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