Crypto

Hundreds of GAFAM Executives Resigned Their Jobs to Join Cryptocurrency Startups

There are hundreds, in Silicon Valley and elsewhere, who are giving up golden situations to join crypto startups. Are they releasing prey in the shade? One cannot help but draw a parallel to what happened in 1999 when hundreds already left high-paying positions at well-established Microsoft-style companies to join startups on the Web. Which some bitterly regretted a year later, after the internet stock market crash in April 2000.

The largest firms, Apple, Google and others, are currently subject to this drain on vital forces.

Meanwhile, the fact is there: now a similar movement is taking place. If what Sandy Carter told the New York TimesIn the space of two days, more than 350 important personalities from the high-tech universe have applied to the start-up Unstoppable Domains, which provides permanent web addresses, based on a chain of blocks.

She herself quit her job as vice president of Amazon’s cloud division to join Unstoppable Domains, allowing her to observe the phenomenon from the inside. The largest firms (Apple, Google and others) are currently subject to this drain on vital forces.

Taste for risk?

How to understand such enthusiasm? Through the taste for risk, the desire to start from scratch, to participate in a promising new adventure ? The get rich prospect It’s probably present in the equation except that some of those who were tempted are already making huge salaries. In any case, many people believe that there is a moving train that you have to get on at all costs. It is true that the numbers are skyrocketing: an ecosystem like Ethereum saw its value increase five times during the year.

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