Coinbase CEO reveals internal venture capital plan "Next Bets"

DeepFlowTech · 2026-03-31T02:09:10+00:00

Coinbase CEO Brian Armstrong announces the launch of the "Next Bets" internal venture capital program, allowing employees to propose and promote high-potential projects. The program operates in small teams and is inspired by Steve Wozniak's entrepreneurial story, aiming to prevent the loss of talented individuals and innovative ideas.

DeepFlowTech

2026-03-31 02:09:10

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Deep Tide TechFlow message, March 31, Coinbase CEO Brian Armstrong revealed in an interview that the company has set up an internal venture capital program called “Next Bets” to prevent good ideas and excellent talent from walking away. The program opens to proposals from all employees twice a year. Employees can pitch projects directly to a review panel made up of product owners. Once the project receives funding support from any one of the owners, it can be approved for further advancement, similar to an internal venture model.

Brain Armstrong added that the mechanism was inspired by the case of Steve Wozniak, who left Hewlett-Packard after not being supported and went on to found Apple. The aim is to prevent the loss of great ideas and talent. “Next Bets” is typically carried out by small teams of 2 to 3 people. The funding amounts are relatively small, but it focuses on innovation directions with high potential that can tolerate failure. It is reported that the Base blockchain project came out of this program, and new project updates will be announced in the coming weeks.

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