Tag Archive : Coinbase

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  • Serena Williams invested in Coinbase in 2018 through her venture capital firm, Serena Ventures. But the cryptocurrency startup is no longer included on the investments page of the firm’s website.
  • Coinbase is entangled in controversy after CEO Brian Armstrong wrote a memo telling employees to leave their politics and social causes at the door. At least 60 employees have quit in the aftermath.
  • It’s possible that Serena Ventures has divested her stake in Coinbase, and that’s why it pulled the startup from its website. The VC firm did not respond to a request for comment.
  • Visit Business Insider’s homepage for more stories.

Serena Williams is keen on investing in startups changing the world for the better.

That strategy explains her earlier investment in Coinbase, a company on a mission to “bring economic freedom to people all over” through an app that allows casual consumers to buy and sell Bitcoin and

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  • Well-known venture investor Chamath Palihapitiya said on his “All-In” podcast that employees should be able to have free-form debate on any topic, on one condition — they should have to speak from a physical soapbox.
  • The investor was responding to the Coinbase controversy where Brian Armstrong told employees in a memo last week that politics and social causes had no place at the company.
  • “You put the soapbox someplace — in a safe space — where you can go and you can talk and people who want to listen will listen, and people who need to work can work, and people who don’t want to listen don’t have to be forced to listen,” Palihapitiya said on the podcast.
  • Visit Business Insider’s homepage for more stories.

The head of Coinbase, Brian Armstrong, created a firestorm in tech last week when he told employees in a memo to leave their politics and

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Welcome back to Human Capital, a weekly digest about diversity, inclusion and the human labor that powers tech.

This week, we’re looking at a number of topics because a lot went down. Coinbase CEO Brian Armstrong took a controversial stance on social, Clubhouse found itself under scrutiny again, but this time around anti-Semitism and a new site launched that sheds light on some of the negative experiences of underrepresented people in tech. Meanwhile, the founder from Ethel’s Club unveiled Somewhere Good, which aims to provide a safe social platform for people of color. The timing couldn’t be better.

Human Capital launches as a newsletter on Friday, October 23. Be sure to sign up here to get it sent straight to your inbox. 

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Coinbase CEO’s stance on societal issues stirs up controversy 

Over the weekend, Coinbase CEO Brian Armstrong said the company does not engage on border societal issues

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(Bloomberg) — Coinbase Inc.’s clampdown on discussing politics and activism at work — and the offer of severance packages to employees who don’t want to comply — continues to ripple through the cryptocurrency exchange and Silicon Valley.



a group of people standing in a living room: Inside the Coinbase Inc. office in San Francisco, California, U.S., in 2017.


© Bloomberg
Inside the Coinbase Inc. office in San Francisco, California, U.S., in 2017.

Many employees were shocked by Chief Executive Officer Brian Armstrong’s blog post imposing the rules Sunday, and some are concerned that he is trying to stymie discourse that should be happening, according to two people familiar with the situation who asked not to be identified. Neither knew of anyone taking an exit package from the San Francisco-based company, but employees have until Oct. 7 to apply.

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Jack Dorsey, Twitter Inc.’s CEO and a noted Bitcoin advocate, criticized Armstrong’s ban on politics, saying late Wednesday the change runs counter to the core principles of cryptocurrencies. Other veterans of

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Illustration for article titled Silicon Valley Is Fighting a Losing War Against Politics

Photo: Matt Winkelmeyer/Getty Images for Vanity Fair (Getty Images)

You’d be excused for not following the recent brouhaha associated with Coinbase CEO Brian Armstrong’s announcement that the company would no longer play politics. The statement, posted to Medium on Sunday, is a doozy.

“In short, I want Coinbase to be laser focused on achieving its mission, because I believe that this is the way that we can have the biggest impact on the world. We will do this by playing as a championship team, focus on building, and being transparent about what our mission is and isn’t,” Armstrong wrote.

He rattled off a number of examples of this, culminating in something that gave many pause: “We don’t engage here when issues are unrelated to our core mission, because we believe impact only comes with focus.”

Armstrong’s post is a direct reaction to the Black Lives

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