Crypto and blockchain startups raised $28B+ in 2021, up 4x YoY, according to PitchBook, as large tech companies lose execs and engineers to crypto companies
Tech executives and engineers are quitting Google, Meta, Amazon and other large companies for what they say is a once-in-generation opportunity with crypto. Tweets: @cdixon , @asvanevik , @apompliano , @andy8052 , @mdudas , @karaswisher , @alexisohanian , @joemccann , @otsukimicrypto , @daiwaka , @xamat , @mattzeitlin , @laurashin , @rachaelrad , @shiraovide , and @gartenberg Tweets: Cdixon Eth / @cdixon : “Do you want to sell sugar water, or do you want to change the world?” —Steve Jobs https://twitter.com/... Alex Svanevik / @asvanevik : wait there are crypto startups in silicon valley?? https://www.nytimes.com/... Pomp / @apompliano : Stop building the old system. Come help us build a new system: https://www.pompcryptojobs.com/ https://twitter.com/... Andy / @andy8052 : what percentage of the web2 people joining right now to “get rich faster” are going to be working in crypto in 2 years? https://twitter.com/... Mike Daodas / @mdudas : “A wave of execs and engineers are leaving cushy jobs at Google, Amazon, Apple and other large tech co's — some of which pay millions in annual compensation — to chase what they see as a once-in-a-generation opportunity. That next big thing is crypto...” https://www.nytimes.com/... Kara Swisher / @karaswisher : Like I wrote last week, the web3 thang is happening: The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups - The New York Times https://www.nytimes.com/... @alexisohanian : Convinced yet? 👇😏 It's happening. A year ago I started really banging the Web3 drum...keep watching where the talent goes https://twitter.com/... @joemccann : One grossly under-appreciated and under-reported aspect of web3/crypto startups is that you gain liquidity waaaay faster than a traditional startup — years or never. Web2 startups are at a disadvantage for hiring and retaining talent as well as big tech https://www.nytimes.com/... Otsukimi Star Lord / @otsukimicrypto : The comments are depressing and an article from NYT may suspect a “top signal” but... This feels EXACTLY like mid 90s internet/web. And I'm all here for it because I regret not taking the leap then. History doesn't repeat itself, but often rhymes. https://twitter.com/... Daisuke Wakabayashi / @daiwaka : “There is a giant sucking sound coming from crypto,” said @RamaswmySridhar. “It feels a bit like the 1990s and the birth of the internet all over again. It's that early, that chaotic and that much full of opportunity.” The gold rush to crypto w @MikeIsaac https://www.nytimes.com/... Xavier Amatriain / @xamat : Fwiw, the article mostly presents crypto as a get-rich-fast scheme, but whatever I guess. https://twitter.com/... Matthew Zeitlin / @mattzeitlin : lots of web3 evangelicism is based on criticisms of “web2” companies like facebook, twitter etc for being too centralized and censorious, and lookie here who is staffing web3 companies https://www.nytimes.com/... https://twitter.com/... Laura Shin / @laurashin : Nice little story in the NYT on the trend of people working for tech companies jumping ship to work in crypto. However the top comments are pretty depressing. (See photo in reply) https://www.nytimes.com/... Rachael Horwitz / @rachaelrad : “A growing contingent of the tech industry's best and brightest sees a transformational moment that comes along once every few decades and rewards those who spot the seismic shift before the rest of the world.” https://www.nytimes.com/... Shira Ovide / @shiraovide : “At Google, concerns about keeping employees — including not losing them to crypto companies — became so pressing that the issue became part of the weekly executive agenda...” The Web3 talent swarm by @daiwaka & @MikeIsaac https://www.nytimes.com/... Michael Gartenberg / @gartenberg : “The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups.” Of course you get paid in NFTs... https://www.nytimes.com/...