Balaji S. Srinivasan, founder of Earn.com and CTO of Coinbase, publicly declared his exit from the business in a pair of Tweets last night time.
“Coinbase was enjoyment and it was energizing operating with so lots of great people today. I’ll be getting a bit of time off to get back in shape — and up to velocity on every thing occurring though I was heads down,” he wrote. “More shortly!”
“The Earn integration was prosperous and we’ve shut ~$200M in promotions for the new Coinbase Earn. Was also my privilege to support with shipping and delivery new assets, launching USDC, & finding staking/voting heading.”
Coinbase purchased Earn.com in 2018 and manufactured Srinivasan CTO soon after months of rumors. Earn commenced as the secretive and properly-funded 21E6 aka 21.co which produced a mining solution ahead of pivoting to a assistance that paid people for answering questions.
Srinivasan is Stanford graduate who holds a PhD in Electrical Engineering and an Masters in Chemical Engineering. A rumored misfit in the group led to the exit.
“We are really grateful to Balaji for all of his contributions to Coinbase,” wrote a Coinbase PR spokesperson. “His efforts in excess of the past yr have had a main effects on the trajectory of the business. He’s on to his up coming problem and we wish him properly.”
2/2 Coinbase was enjoyment and it was energizing operating with so lots of great people today. I will be getting a bit of time off to get back in shape — and up to velocity on every thing occurring though I was heads down. Far more shortly!
— Balaji S. Srinivasan (@balajis) May perhaps 4, 2019
Srinivasan’s exit is a single of lots of that happened soon after the company’s $300 million elevate.
Picture through CoinDesk archives.