- Due to the high pay and great responsibility, this role is highly sought after.
- The campaign to hire chiefs of staff signals market maturity, according to recruiters.
Earn six-figures, drive business strategy, and meet crypto CEOs.
If that sounds like your style, you may be the right fit for the position of Chief of Staff—and there’s currently a flood of new hires for the job.
Coinbase, the largest publicly traded exchange in the United States, is one of several crypto companies that recently posted a chief of staff position.
Crypto industry recruiter Sam Wellalage says the role has become more popular as crypto companies have matured and strengthened their management teams.
The hiring of chiefs of staff positions comes amid a recruitment drive in the crypto industry, with over 1,200 positions advertised in the sector in recent months.
They hired for everything from meme and content creators to legal and compliance positions.
Successful candidates for the position of Chief of Staff will likely rank higher than everyone else.
Crypto Swiss Army Knife
The main role of a chief of staff is to give the CEO the freedom he needs to perform CEO duties, such as being the public face of the brand, Wellalage said.
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Some companies, especially early-stage ones, tend to treat their chiefs of staff like highly valued personal assistants, organizing the hiring of new employees, managing the schedule, and even fetching coffee.
However, as crypto companies mature, this role becomes more similar to that in traditional companies – it becomes a linchpin of business strategy.
For example, Coinbase’s ad is looking for someone who “will act as a Swiss Army knife to solve all your problems.”
In addition, they must prepare CEO Brian Armstrong for important commitments, represent him when necessary, and address issues before they reach him.
The pay is high, as it should be for a demanding strategic role. Coinbase’s ad offered a range of $206,000 to $242,500.
The application period for the position at Coinbase is now closed.
Who is hiring?
But don’t worry – at least 15 other companies are also looking for candidates to fill this position on several job placement platforms and LinkedIn.
This includes Ondo Finance, a cross-chain decentralized finance platform for tokenization.
Ondo’s Chief of Staff will work closely with and report to CEO Nathan Allman.
They will make key management decisions and bridge the gap between different internal teams as they lead special projects, said Josh Craven, head of talent acquisition at Ondo. DL News.
But beware: Competition for the position is fierce. Craven said Ondo has seen “incredible interest” in the position, with hundreds of applications.
The successful candidate should be someone who combines a strong background in traditional finance with genuine enthusiasm for blockchain technology and knowledge of the crypto landscape, he said.
The right candidate should be a person with initiative who “doesn’t need his hand held,” Craven said.
The role is new for Ondo, which is currently hiring several executives, Craven said.
He said it was a sign of the industry’s development.
“The industry is definitely maturing, although it depends a lot on the organization,” Craven said.
Ondo’s team has the advantage of experienced leaders, which is not the case with many startups, he added.
These companies “may not be able to justify the cost or understand the value that hiring an experienced chief of staff can bring to a growing company.”
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