Coinbase ran a recruiting / retention analysis a while back and they found out among all the things they could do to retain talent: offsites, more bonuses / promos, etc. the number one driver of recruiting + retaining successfully was price activity

Back in 2015 we noticed that employee satisfaction was highly correlated with price if you joined the company in a bull market, and uncorrelated if your start date was in a bear market.

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun