And now we're going through massive layoffs coin base just laid off 18% of its workforce and Robert Hood just laid off 23% of its workforce . One of the most frequently asked questions that I get from people , which I know you probably do too is should I go work at a startup or a more established company or should I leave a big company to work at a startup ? What are your thoughts on this ?
I can't remember how many lawyers I was managing or business affairs people I was managing . But I went from that to managing hundreds and hundreds of people , engineers , marketing sales , business development and , and , and , and so it was baptism by fire for me , my advice is first off , just be clear . Uh So then when opportunities present themselves , uh you are top of mind .
But what's your advice to people who really will think ? Why should I spend 10 hours or 20 preparing for a job interview when I may not even get the job that there's 100 other people who are competing for that same job or if you want to work at Goldman Sachs , there's 1000 other people who want that job , but that's why it's fiercely competitive and you just , you have to outwork the next person . If you really want something , you can't , you can't miss any opportunity to , to impress and , you know , there's no topic or no item that's too small .
Let's talk about work life balance . You're running a massive company that has 4000 employees . It earned a billion dollars of revenue .
When you joined launch , it was very well funded prior to going public , its investors including Intel GE and NBC . And when it went public on April 23rd , 1999 it raised $75 million in IP O led by Hamburg and Quist the boutique investment bank that JP Morgan acquired four months later , but well funded does not mean job security . We can look at the sexy companies today that have raised billions of dollars in the past few years .
