Coinbase CEO Brian Armstrong (second from left) tweeted a photo of a men-only crypto dinner on International Women’s Day. Brian Armstrong via Twitter
On Wednesday, which was International Women’s Day, Coinbase CEO Brian Armstrong appeared to get away with tweeting a photo of himself and a group of all-male, all-white cryptocurrency co-founders. Critics were quick.
Had an amazing “Build Back Better” dinner with crypto founders in NYC. The crypto industry is full of strong, compliant companies (even if the headlines make you think otherwise).
Working every year isn’t necessarily glamorous, but it’s important.… https://t.co/DwblPKes0V pic.twitter.com/sLx2nWuYuD
— Brian Armstrong (@brian_armstrong) March 8, 2023
Several users pointed out the irony of hosting a “Build Back Better Dinner” on International Women’s Day, as Armstrong claimed.
If you want a great female cryptocurrency leader to invite to a future dinner with the purpose of “building back better,” I am happy to recommend it. Belated Happy International Women’s Day!
— Clara 📪 Tsao.eth (@tweeetclarita) March 9, 2023
The list of attendees included AAVE CEO Stani Kulechov, Compound CEO Robert Leshner, Messari CEO Ryan Selkis, Paradigm co-founder Fred Ehrsam, Paxos CEO Charles Cascarilla, and Chainalysis co-founder One Jonathan Levin was included.
Yes, a group of privileged white men are trying to save the world.
Incredible revelation, bro.
— August V (@AugustCohen4) March 9, 2023
Last year, as many other companies were celebrating International Women’s Day, Bain Capital Ventures partner Stephen Cohen made this statement when he tweeted a photo of the company’s all-male cryptocurrency team. A picture came to mind. Bain is one of the world’s largest investors in startups, so many people are concerned about the blind spots an all-male team may have when investing in a $560 million crypto fund. expressed concern.
The tweet was heavily criticized, and Cohen eventually deleted it and apologized.
But when it comes to cryptographic diversity, tone-deaf failure reveals a more systemic problem.
A study released last July found that the CEOs of the world’s 32 largest cryptocurrency companies are all male, and some of them did not have women on their boards. In the startup world, companies founded by women received only 1.9% of her venture funding last year, down from her 2.4% in 2021.
Some traditions are so deeply ingrained in the culture that biblical leveling is required to wrong them.
On International Women’s Day, it’s the men who post pictures of inspirational people in Crypto featuring only white men
May this sacred tradition survive for all of us
— Cokey (@cokiehasiotis) March 8, 2023