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Ethereum co-founder Joe Lubin sounds the alarm and refocuses ConsenSys in expansive employee letter

by The Block

December 4, 2018, 4:20PM EDT  ·  5 min read

Quick Take

  • Joe Lubin, Ethereum co-founder, sent a missive to his 1,000-strong ConsenSys team last Friday
  • ConsenSys, as currently operating, faces an unsustainable future, per Lubin
  • The organization will implement 5 core pillars to transition from ConsenSys 1.0 to ConsenSys 2.0
  • The full letter to ConsenSys employees is included below

by The Block

December 4, 2018, 4:20PM EDT  ·  5 min read

Joe Lubin, Ethereum co-founder, sent a missive to the entire organization that he runs last Friday, amidst a significant decline in the price of $ETH. ConsenSys, Lubin’s massive cryptocurrency venture studio with ~ 1,000 employees, has grown at warp speed over the past few years and long been rumored to de-emphasize focused strategic building in favor of rapid growth, project autonomy and experimentation.