Everything Adam Jackson said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Jackson: User-owned networks will outgrow founder- and investor-owned networks
“My co-founder and I, Gabe, we firmly believe That user owned and controlled networks will grow faster and be more valuable than founder and investor owned networks.”
Jackson: 2020 stock market is biggest bubble of lifetimes, sell equities
“The biggest bubble of lifetimes don't own any stocks.”
Jackson: Token Projects Raise Less Capital Than Traditional Equity Startups
“I think, so what's interesting is token projects on, on par kind of raise less money Then equity projects because the community is doing more of the work. Right. And getting more of the ownership.”
Jackson: Braintrust will never conduct an ICO or sell tokens publicly
“Well, so, I mean, to be really clear, we'll never do an ICO, right? We're never going to sell tokens to the public. We, the only way you can get our token is to earn it, is to help us build the network, right?”
Jackson: Distributing network value to contributors over VCs is the fairest model
“The value of the network is then given programmatically to whoever helped us build it, right? Like not some employer, not some, you know, stooge VC, you know, sitting back collecting all the value, right? It's the most fair way to build a two-sided marketplace…”
Jackson: One-Third of Uber Drivers Live at or Below Poverty Line
“Meanwhile, a third of all Uber drivers live at or below the poverty line.”
Jackson: Marketplace Value Lies in Network Liquidity, Not Easily Replicated Code
“Like, the value of a network Is it's people? Where are the drivers? Where are the riders, right? That's the, if we were to steal Uber's database, that's the value. Uber app, we can knock that off in a weekend.”
Jackson: BTRST cash price does not affect Braintrust network operations
“The cash value of the brain trust token is actually not relevant to the network, right? It's one token, one vote, the more tokens you have, the more influence you have over the network. So whether that token's worth 10 cents or a dollar is not actually that re…”
Jackson: Early Braintrust investors bought SAFTs converting below $1 per token
“These investors bought staffs, simple agreement, future tokens. Safes have conversion caps. Safes have conversion caps, right? And so there was a conversion cap in the staff. It's different levels for different staffs, but They were all, you know, somewhere be…”
Jackson: Braintrust has a fixed, dilution-proof 250M token supply cap
“It's locked into our smart contract that we have a fixed supply, two hundred fifty million tokens, which is interesting, right? Because you can never be diluted, right? It's dilution proof.”
Jackson: Braintrust fee converter buys BTRST on open market with enterprise fees
“Last week, there was a community protocol upgrade where the community basically said, hey, that 10% fee collected from clients in cash needs to be paid in brain trust token. The community developed a new smart contract called the fee converter, which takes US …”
Jackson: Braintrust Charges No Off-Platform Hiring Penalties Due to User Ownership
“The reason we charge very low fees and no penalties for leaving is because we're actually owned by our users. So it's not just me and a couple investors, our users actually own the network. So we're fine if people get plucked off.”
Jackson: User-owned marketplaces could not exist without blockchain
“And that, that's why this is a new business model that couldn't have been done before blockchain tech.”
Jackson: Braintrust is raising new capital and is already profitable
“We, we're working on another round right now. We're just kicking it off where we'll raise from some more VCs not a ton of money, by the way, because the project's actually profitable already.”
Jackson: Georgetown Study Shows Gig Economy Lowered Minimum Wage to $5
“Like the gig economy, all the gig economy did was effectively lower the minimum wage from 12 bucks to five bucks. That's Georgetown did a study on that.”
Jackson: Braintrust allocates ~60% of tokens to users, under 15% to founders
“It'll be something like 60% plus or minus of those token that of the total token supply. We're giving them to the users through that referral engine. Mostly that I described earlier, the founders and I, we have it's sub, I think it's sub 15%.”
Jackson: Dorsey understands blockchain will undermine Twitter and Square
“The reason is he's one of the only billionaires who, Understands and admits that blockchain technology will undermine the two businesses he currently runs.”
Jackson: Vast majority of Braintrust token earners have retained their tokens
“A lot of those, the vast majority of those folks have kept their tokens because they represent control, influence, voting power over the network.”
Jackson: Early Backers Own Around 22% of Braintrust's Token Supply
“Around 22 or so percent.”
Jackson: Braintrust founders received around 10% of token supply combined
“The founders got, it was, Probably around 10% combined.”
Jackson denies personal involvement in Braintrust's fee converter protocol upgrade
“Now I personally had nothing to do with that upgrade. You know, it was a community led thing”
Jackson says he loves FTX CEO Sam Bankman-Fried
“You know, I love Sam Bankman Freed, CEO of FTX.”
Jackson: Braintrust charges 0% fees to talent and 10% to clients
“We charge a flat zero percent fee to the talent side, so talent can come in, set their market rate, and earn a hundred percent of that rate, and then a flat 10% fee to the clients.”
Jackson: Braintrust targets multimillion-dollar enterprise projects over competing with Upwork
“We're not trying to disrupt Upwork or Fiverr. Those are sites where you get a logo or a website We're looking to build large, you know, and facilitate building large software platforms, big, big projects, multimillion dollar projects that could never touch a m…”