How to Answer: At Coinbase we have a high tolerance for failure and invest 10% of our resources in venture bets. How comfortable would you say you are with failure?
Advice and answer examples written specifically for a Coinbase job interview.
3. At Coinbase we have a high tolerance for failure and invest 10% of our resources in venture bets. How comfortable would you say you are with failure?
Why the Interviewer Asks This Question
If you've ventured into the crypto space professionally (or in your own investments), you likely have some degree of comfort with volatility and risk-taking. Convey that you have a tolerance for failure using a professional or personal example. While you don't need to be the biggest risk-taker out there, it's important to show that you can bounce back quickly to overcome adversity.
Written by Rachel Hills on February 11th, 2022
1st Answer Example
"I spent the first four years of my career in venture capital, where I became quite comfortable with risk-taking and experienced failure more times than I can count. I learned that while it was crucial to prepare adequately to make an important decision, it was even more important to trust my gut and take a chance on a company sometimes. Doing so was incredibly beneficial for my team in multiple instances. I think it's truly inspiring that Coinbase has fostered such an innovative community that is not afraid to take risks."
Written by Rachel Hills on February 11th, 2022
2nd Answer Example
"I'm learning to become more comfortable with failure. During my time in college, I was a huge perfectionist and spent too much time working to get a minute detail just right for an assignment. I've learned that it's in my best interest to avoid such perfectionist tendencies and become comfortable with the potential for failure, whether that's by taking on a lofty goal or trying out a challenging project."
Written by Rachel Hills on February 11th, 2022