We asked @brian_armstrong what it's like to incubate @base at @coinbase.
"The secret to this is to allocate budget to these venture bets, which are small teams within the co, kind of like @ycombinator teams."
"75% of these bets won't work out, but once in a while, something hits and it pays for all the rest of the bets."
"For Base, @jessepollak told me he wanted to work on a new chain. I was like, take a small team, go run at it. I shielded it from the rest of the org and just gave them time to cook."
"I also actually voted no on USDC. Now that's like $1B of revenue for us."
"The secret to this is to allocate budget to these venture bets, which are small teams within the co, kind of like @ycombinator teams."
"75% of these bets won't work out, but once in a while, something hits and it pays for all the rest of the bets."
"For Base, @jessepollak told me he wanted to work on a new chain. I was like, take a small team, go run at it. I shielded it from the rest of the org and just gave them time to cook."
"I also actually voted no on USDC. Now that's like $1B of revenue for us."
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