Coinbase is 'the' brand in the Bitcoin space. Their founder Brian Armstrong was amongst the first good entrepreneurs to emerge in this space. While others championed ideological or underground/illicit interests, Brian saw an opportunity to change the world for the better and build a big business out of it.
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If a company is profitable, the founder is in control. If it's not, investors are in control.
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A founder can carry an institution only so far, and then others have to step in, even the alumni. That's how an institution becomes one.
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