74: Building Largest Web3 Business | Adam Jackson, Co-Founder of Braintrust

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

Listnr.fm: https://listnr.tech/?via=prashant

Dukaan: https://mydukaan.io/

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

TOP EPISODES    

71: Danielle Strachman, Founder & General Partner of 1517 Fund

68: Natalie Brunell on Everything Bitcoin

62: Suumit Shah, CEO of Dukaan 

45: Suhas Motwani, Founder of The Product Folks

10: Aryaman Maheshwari, Software Engineer at Google (Hindi)

2: Shanaya Bagga (my lil sis)

Past guests of Billion Moonshots include Suumit Shah, Natalie Brunell, Danielle Strachman, Chirag Taneja, Suhas Motwani, Aditya Mohanty, Jan-Philipp Peters, Mo Islam, Peer Richelsen, Justin Nguyen, Paul Griffiths, Gautam Gupta, Sang Le, Rahul Rana, Grace Ling, Joseph Choi and many more.