One thing that really bothered me as a young founder: at some point I was told it was impolite to give “seasoned executives” brainteasers in interviews.
It was made to seem impolite, even offensive. It was made to seem as if they provided no signal on a candidate. It was made to seem as if, if a brainteaser was administered, that would somehow determine the entire outcome of the interview.
I think this is total BS. Someone’s ability to apply logic is a critical input to how well they might perform in any role, and a challenging logic problem is one helpful way to assess that.
One thing most people don't fully grasp: it takes years, often decades, to go from a new infrastructure-level technology breakthrough (like crypto) to a vibrant ecosystem of mainstream applications.
This is because most people have little reason to pay attention to new technologies before the mainstream application breakthroughs. Almost no one paid attention to the early infrastructure period of the internet 1969-1994.
Abridged internet breakthroughs timeline, for perspective:
1969: ARPANET
1982: TCP/IP
1993: HTML
1990-1994: Web browsers
1994-1998: Search engines
1999: SaaS
2003-2004: Social media
1999-2007: Mobile
2009-present: Crypto
We're 28-53 years in, depending on your start date.
Crypto has become a huge part of top US universities. Of the top 10:
- 4 have dedicated crypto centers (Stanford, MIT, Columbia, Princeton)
- Almost all have dedicated classes, which in some cases are the most popular at the school
- Almost all have dedicated student groups
Crypto becoming entrenched in US higher education means a consistent pipeline of top talent which will fuel the crypto ecosystem for years to come.
I went back to Duke to teach a computer science and economics class last week. The classes apparently had their highest attendance all year (this is a reflection of crypto, not me).
Virgil Abloh was a pioneer in music, art, and fashion. Most people don't know he was also ahead of the curve on Web3.
Shared with permission from his team, here is an early iteration of a DAO he envisioned. dropbox.com/s/sgrtgh3zbhid…
Virgil saw Web3, in his own words, as an opportunity to “inch us a little closer toward a utopia for creativity.”
We jokingly called the DAO the “InterMet” - an internet museum to surface up and coming creators. Keep in mind this is from the beginning of 2021, before NFT mania set in.
When @brian_armstrong and I started @coinbase in 2012, a #bitcoin was worth $6 and only known by a few nerds on the internet. #bitcoin was the crazy idea that the world could have a digital money for everyone.
@coinbase had one mission: to make crypto easy to use.
Beginnings were not glamorous. @coinbase launched out of a two bedroom apartment we shared with another company.
We were far from conventional. For our first hire, we selected a whip smart fanatical lumberjack over a Google manager.