Adam Jackson, Founder & CEO of Freelance Labs, builders of Braintrust, discusses the evolution of marketplaces on the web, Braintrust, Web2.0 vs Web3.0 Networks, supply-demand dynamics, communities/ownership, and much more.
My guest today is Adam Jackson, founder & CEO of Freelance Labs, builders of Braintrust. Braintrust is the first decentralized talent network that connects skilled, vetted knowledge workers with the world’s leading companies. The community that relies on Braintrust to find work are the same people who own and build it, ensuring the network always serves the needs of its users, instead of a centrally-controlled corporation. And because the community of knowledge workers and contributors earns ownership and control of Braintrust through its native BTRST token for its contributions to the network and its growth, new talent and jobs have participated in the network at record speeds. By creating a blockchain-based alternative, Braintrust aims to remedy the extractive model of traditional freelance platforms by aligning incentives of users and clients to benefit both parties. Instead of generating value for the network operator, this value is given back to talent and companies, who enjoy no fees (talent) or much lower fees (companies) than on traditional platforms. Adam is a serial technology entrepreneur and investor that has spent his career creating and deploying capital into software systems that make complex tasks simple and intuitive. He's started 4 VC-backed companies and an asset management company over the last 16 years. Since August 2017, he has served as Managing Partner & CTO of Cambrian Asset Management, a blockchain asset management company. He is also co-founder and CEO of Freelance Labs, Inc., the company building a new tokenized talent network called Braintrust which raised a $5m seed round in 2018. He is an angel investor in 45+ companies/projects, including LTSE, Seated, Bolt, Placer, Aktana, Skale Labs, Protocol Labs, JCTurbo, Apero Health, Rapportive, MyTime, Automatic, Womply, Superhuman, and Zenefits. In our conversation, we discuss the evolution of marketplaces on the web, Braintrust, Web2.0 vs Web3.0 Networks, supply-demand dynamics, communities/ownership, and much more. We begin our conversation by discussing the evolution of web marketplaces from Web1.0 to Web3.0. Adam does an excellent job at explaining the various innovations and drawbacks as marketplaces on the web evolved. We discuss the importance of Craigslist in the evolution of marketplaces. The conversation naturally flows to Braintrust and Web3's unique value proposition. Our conversation transitions to supply-demand dynamics and the tokenization of traditional assets. Adam does an excellent job at explaining the challenges of creating a valuation framework for Web3. We continue our conversation on crypto networks and tokenization by discussing the moral responsibility felt by large stakeholders of the network. The evolution of property rights and the broadening of the definition of the medium of exchange. Our conversation flows into a discussion about inflation and store-of-value. We finish our conversation by discussing Braintrust and how they are disrupting traditional talent networks. Please enjoy my conversation with Adam Jackson.
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