Ryan Adams
👤 SpeakerAppearances Over Time
Podcast Appearances
But to your point, they've done this every single cycle.
There have been 1,200 layoffs in crypto in the past five months.
So Coinbase 700- Coinbase being the big one.
Yeah, that's the big one.
And to your point, fun fact, these layoffs previously from Coinbase have marked the bottom.
So June 2022, 18% of the workforce, they laid off.
It wasn't quite the bottom, but pretty close.
Yeah, pretty close, pretty close.
So this happens.
I agree.
I agree.
Now, let's talk about the raises, though, because this is the other side of that.
So if that's the bearish news, layoffs, there were some pretty big VC raises.
A16Z and Han Ventures, is that right?
Yeah.
And the total between them, $3.2 billion.
Well, did you read it?
So it was new financial infrastructure.
A lot of stable coins mentioned.
Yeah.