Coinbase Tests App for Employees To Grade Each Other During Meetings

Coinbase is testing a practice where it asks employees to frequently rate each other. Some employees at the company have been using a real-time evaluation app invented by Bridgewater Associates, the well-known hedge fund founded by Ray Dalio, which helped enforce a culture of "radical transparency" that encourages blunt honesty, The Information reported Monday, citing two people with direct knowledge. From the report: The app, Dot Collector, is sold by Principles, a company Dalio founded. Coinbase's version lets employees evaluate co-workers, including their managers, on how well they exemplify the crypto firm's 10 cultural tenets -- which include clear communication, efficient execution and positive energy -- during meetings and other interactions, these people said. After an interaction, an employee can give their colleague a thumbs-up, thumbs-down, or neutral rating.

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