Founders

I think an experimentation culture is more useful for a company that has PMF than one without it 

Reason being: when you have a cash flywheel, you can start taking more bets and hedge in order to find the next one 

This isn’t to say that pre-PMF companies shouldn’t experiment — they should, but within narrower bounds of conviction

friendly neighborhood shitcaster // working on @pinetree

Barista in the morning, AI engineer by day, and parent (with @shiwen) by night ||
Host at /clickcast /cpg

Would almost argue they’re better than most in this

What inevitably happens though is if a company is too successful with the cash generation side the moonshot end of the company is typically just performative at a certain point

One of the most striking insights from Coinbase's State of Crypto summit today came from @barmstrong's fireside: how is it that Coinbase is such a startup factory? There are more paths to a yes than a no

Twice a year, Coinbase holds an internal pitch competition, where anyone can suggest an initiative for Coinbase to pursue. Every internal leader has a budget for these venture-like bets; all it takes is ONE yes to get an initiative greenlit

When making venture bets, there are often far more paths to a "no" than a "yes" - it's often easier to imagine how something can go wrong than how it can go really right. Coinbase inverted this model and my guess is that it's a big part of the reason why Coinbase is such an impressive founder factory

Well said especially the narrower bounds of conviction part for startups pre-PMF

Related, I think Coinbase is one of the best companies with experimentation culture and the new CBW is probably their biggest experiment yet alongside Base

Stay Curious // iixii // Head of Crypto at https://www.lazertechnologies.com/  // Prev: CoinDesk, Roc Nation // based @basedevo

Yeah they have a money printer in the exchange

Well said especially the narrower bounds of conviction part for startups pre-PMF

Related, I think Coinbase is one of the best companies with experimentation culture and the new CBW is probably their biggest experiment yet alongside Base 
https://farcaster.xyz/alanadlevin/0x6cbc612d

Exactly, or iterate into oblivion 

If you're in the wild west, you *must* pick where you're headed

If you're in a developed city, feel free to try new things, you have baseline safety and direction

if the narrower bounds part is not true the company may get adhd