Podcast

Leading through uncertainty (with Coinbase CEO Brian Armstrong)

a16z crypto Free Advanced

Coinbase built an entire company while the rules were unsettled, and Armstrong describes engaging regulators directly instead of waiting for clarity. It is a candid look at operating when a policy is still forming, which is often exactly when the opportunity is largest and riskiest. Useful if your sector's change is early and the final rule is unknown.

• The biggest openings often arrive before the rules are settled.
• Engaging regulators early beats waiting for someone else to shape the rule.
• Regulatory uncertainty is a cost you plan for, not a reason to stall.