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74: Building Largest Web3 Business | Adam Jackson, Co-Founder of Braintrust
Manage episode 356964521 series 3255747
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Adam Jackson is the co-founder of Braintrust - the largest decentralized talent marketplace. Braintrust’s mission is to build the world’s most impactful talent network — one that is user-owned, aligns incentives, and redistributes value to Talent and Organizations. Previously, Adam founded 4 VC-backed companies, sold 2 of them, and is an angel investor in 100+ companies.
We talk about Web2 vs Web3 marketplaces, building a successful governance model, mechanics of DAO, freelance economy, message for Web3 critics, and much more.
SPONSORS
BridgeUp: DM Prashant on Twitter to raise $100,000+ in non-dilutive capital
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Recast: https://recast.studio/
CONNECT
Prashant Bagga: https://linktr.ee/prashantpbagga
Billion Moonshots: https://linktr.ee/billionmoonshots
GUEST LINKS
Twitter: https://twitter.com/adamjacksonsf
LinkedIn: https://www.linkedin.com/in/ajackson/
Website: http://www.usebraintrust.com/
Portfolio: https://angel.co/p/adamjackson
OUTLINE
(0:00) Built 4 companies, sold 2 of them
(1:31) Solving the Chicken & Egg problem of Marketplaces
(4:07) "Dirty little secret" of Web2 Marketplaces
(7:43) Venture Capital as a forcing function that leads to fee extraction
(9:33) First encounter with Blockchain
(10:49) BTRST as a Governance Token
(12:52) Is Braintrust a DAO?
(14:16) What happens when DAO members don't execute a proposal
(16:49) What's working, what's not working
(19:55) Role of a DAO Founder
(21:18) Value of a Token
(22:51) What happens when VCs hold a lot of tokens
(23:54) Growing from 0 to 700,000 members during the pandemic
(25:32) Convincing Nike, Goldman Sachs & other Web2 co's to get onboard
(28:12) Hiring remotely & globally
(30:07) How the freelance economy is helping corporate America
(33:07) Vetting new Talent
(35:05) Coordinating 100+ developers to build DAO
(41:19) How many tokens does Adam own?
(42:00) Crypto Twitter & Future of Web3
(46:24) Are you buying the dip?
(46:49) Message for Web3 Critics
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