The Web2 workforce takes an interest in joining Web3 firms as tech giants face layoffs, but will Web3 companies reign supreme given market conditions and hiring strategies?
. “I built Indiegogo during the 2008 bear market, and I think we will see the same thing in this market. In about three to five years, we will see some very strong companies emerge that know how to use capital efficiently,” Rubin remarked.
Moreover, as Web3 companies continue to bring on both new and acquired talent, young jobseekers seem to be displaying a greater desire to obtain the skills needed to join these firms. “The math used in theoretical computer science and cryptography is similar to the math needed to advance zero-knowledge proof-based applications. There is now an industry that wants to pay Ph.D. students for their research and put these findings to use. For example, there is a large demand for distributed system engineers since every single blockchain is really a distributed system.
“We have been completely bootstrapped up until now.” While impressive, running a company based on personal finances or operating revenue may be concerning for job seekers. For instance, Mathialagan noted that students starting a career in Web3 want to be assured that the company will exist two to three years down the road.
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