“Coinbase had an incredible 2021 and did not have to care about costs.”
Coinbase paid Datadog $65M for 2021, when it was worth $86B. When crypto crashed and the valuation fell to around $14B, Coinbase built a Grafana, Prometheus and Clickhouse stack and double-wrote to it for months. Datadog made it a deal it couldn’t refuse at the last minute. A team of 10 senior Bay Area engineers costs under $5M a year. The $65M bill was a growth-era tax nobody bothered to read.