meta_pixel
Tapesearch Logo
Log in
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Coinbase President & COO Emilie Choi on Building Coinbase Ventures into One of the Best Performing Funds with 0 Employees, How Coinbase Thinks Through Internal Resource Allocation and Prioritisation & Why, When and How To Hire Your COO and Head of C

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4637 Ratings

🗓️ 23 August 2021

⏱️ 46 minutes

🧾️ Download transcript

Summary

Emilie Choi is the President and Chief Operating Officer @ Coinbase, the easiest place to buy and sell cryptocurrency. Prior to their IPO earlier this year, Coinbase raised funding from some of the best in the business including USV, a16z, Initialized and Ribbit to name a few. As for Emilie, before Coinbase she was Head of Corporate Development for @ LinkedIn and before Linkedin served in various positions at Warner Bros., including as Manager of Corporate Business Development and Strategy. If that was not enough, Emilie currently serves on the board of Naspers and ZipRecruiter.

In Today’s Episode with Emilie Choi You Will Learn:

1.) How Emilie made her way into the world of startups, came to lead Corp Dev @ Linkedin and how that led to her joining forces with Brian @ Coinbase as COO & President? What lessons did Emilie learn from Reid Hoffman and Jeff Weiner that she has taken with her to Coinbase?

2.) Corp-Dev Guide: Why are so many startups trying to hire Head of Corp Devs today? What are the signals that suggest now is the right time? How would Emilie structure the process of hiring a Head of Corp Dev? What questions should be asked? How can you test their skills? What mistakes do CEOs often make when hiring Head of Corp Devs?

3.) COO Guide: What does the role of COO really mean to Emilie? How does Emilie advise founders on whether they do actually need a COO? How would Emilie structure the process of hiring a COO? What are some common red flags that concern Emilie when hiring COO's? What is the right relationship between CEO and COO?

4.) Resource Allocation: How does Coinbase think about internal resource allocation between core product and their venture products? What was the thinking behind Coinbase Ventures? Why do they have no full-time staff? What is the core objective of the fund? Why does Emilie think it will be one of the best performing funds in venture?

Item’s Mentioned In Today’s Episode with Emilie Choi

Emilie’s Favourite Book: The Secret History

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back. This is 20 VC with me, Harry Stebbings, and I'm so excited for the show today.

0:04.0

Just last week, Forbes did an amazing piece on how Coinbase Ventures became one of the busiest crypto vCs

0:09.5

without any full-time staff. Today we're going to dive into this and so much more with Emily Choi,

0:15.2

president and COO at Coinbase. A little on Emily before we jump in, and before Coinbase,

0:19.9

Emily was head of corporate development at LinkedIn,

0:21.9

and before LinkedIn, served in various positions at Warner Brothers, including as manager of corporate business development and strategy.

0:28.4

And if that wasn't enough, Emily also currently serves on the board of Naspers and ZipRecruiter.

0:33.1

I'd also want to say a huge thank you to Alexis O'Hanian, Gokul Rajaram and Gary Tan.

0:37.6

Some amazing questions suggestions today. I really did so appreciate that.

0:41.6

But before we move into the show today, Mercury is building full-stack banking for startups,

0:46.4

applying under 10 minutes from anywhere for FDIC-insured bank accounts, physical and virtual

0:51.5

debit cards, domestic and international wires, and integrations

0:54.9

with gusto, stripe, quickbooks and plan, to name a few. They also offer unusual features,

0:59.8

like API access, custom team management, and their newly launched Mercury Treasury, a cash

1:05.0

management product for high-growth startups, and they'll even help you build your startup with Mercury

1:09.6

Rays, a program to connect you to

1:11.4

Silicon Valley's top investors, head over to Mercury.com forward slash sign up to apply. And speaking

1:17.0

of foundational infrastructure to run your business with Mercury there, let's face it, this new

1:21.1

world of remote work is here to stay. And so are all the headaches that come with running a remote

1:25.5

team? Ripling helps fast-growing companies automate their HR and IT systems, and now they're making

1:31.8

it super easy to manage employees and contractors anywhere.

1:35.1

When you hire people in new states, Rippling can now automatically register your startup

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Twenty Minute VC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Twenty Minute VC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.