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Facebook and Google offer lavish perks to keep their employees happy, but there’s one thing they can’t provide: the chance to work on cool cryptocurrency projects. That’s why top talent is leaving in droves.

This is the view of Olaf Carlson-Wee, a prominent crypto figure, who was employee number 3 at Coinbase, and now runs Polychain Capital, the country’s biggest crypto investment fund. “What we’re seeing is an absolute exodus from many of these major tech giants like Facebook, Google, LinkedIn and Snapchat of really high quality talent who are now starting cryptocurrency startups,” said Carlson-Wee, who based the assertion on recent encounters in the Bay Area.

Carlson-Wee shared this and other observations about the cryptocurrency world when he stopped by The Ledger this week. (You can hear them in the video above).

One of his insights is about the health of the cryptocurrency space, which has been a source of despair for many investors since prices crashed last December. According to Carlson-Wee, current prices are a poor metric. Read more from fortune.com…

thumbnail courtesy of fortune.com