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I worked for a crypto start-up for two months. It was horrible.

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by COINS NEWS 140 Views

A few months ago, I wrote on this sub that my objective for 2022 was getting a job in crypto. It worked : I got hired for a start-up in December, and started to work for them in January. I resigned a few weeks ago, and now I want to share my (not so good) story with you.

(I won't name the company in question, because I have signed a NDA. But rest assured : you never heard of it before, and it's not a major player in the ecosystem - it's not even a minor player.)

First of all, the level of disorganisation and chaos was absolute madness. Each morning we had a different objective, based on the most recent trend in the market. NFTs are becoming popular? Let's do NFTs! This particular token is performing well? Let's buy it, even if it's at ATH! One of our product doesn't work anymore because we rushed a bug-fixing patch? Let's pretend that never happened and let's keep pushing rosy marketing articles!

I know that start-ups are notoriously disorganised. I get it. But you can't expect to be a profitable company, or even be a productive member of the crypto ecosystem, if you can't even define your objectives and stick to it.

Secondly, we cheated. What I mean is that we bought bots for our TG channels, we faked users in our Discord, and we partenered with dubious "influencers" to make it look like our products were far more popular than they really were. This kind of stuff is what gives crypto it's bad reputation to the outside world, and I deeply regret having been a part of this for a short time.

And finally, and I think this is the most important part : the founders didn't care about the crypto ecosystem at all. Their main objective was making as much money as quickly as possible. We were acting like an evil hedge fund, precisely the type of institution crypto is supposed to fight.

I felt sad. I felt like a scammer. So I quitted. And, keeping in line with everything I wrote before, they didn't pay me for my last week of work. They just ghosted me.

So... yeah.

I don't want to discourage people from getting a job in crypto. I still believe in the future of this industry. But I would advise to stick with the well-known companies of our ecosystem, and not waste your time in little-known start-ups that have big dreams, but can't deliver. We have a long, very long way to go before we become a respectable industry.

submitted by /u/busterrulezzz
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