Braintrust

“Today we're at about probably two dozen active transacting clients. It'll be 60, 70 by the end of the year.”

“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…”

“We, we're not an exchange. We're not going to facilitate buying and selling of our own token. It'll be on the exchanges to pick those up and create secondary liquidity if they so choose.”

“I'm the only I'm the only technical person. So I'm the chief architect of the token and the platform. All of our engineers and product managers and designers are freelancers on brain trust.”

“It's going to be useful in the future because one token equals one vote on our network.”

“It's, you actually get no percentage for preferring talent. Cause we have a lot of talent. You get one percent referring clients”

“The average job size around 55,000.”

“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%.”

“GSV is our main KPI. We will do something around two million bucks this year in 2020 of GSV.”

“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.”

“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?”

“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.”

“We're going to start with an initial, initial supply of two hundred fifty million tokens. We can never print it anymore.”

“The protocol will actually buy 10,000 dollars worth of Braintrust token on the open market, And send it to you in the form of token. Now, so then it, so it doesn't matter what the price of B trust is, right? If the market determines that, right? So you may get…”

“So if you're going to bring Nestle or Porsche or even NASA, we just signed a couple months ago.”

“Last year, in 2018, we raised six million dollars. It's on a convertible instrument, so it hasn't been priced yet... The cap is 33 cents per token, and so times two hundred fifty million, so about an eighty-three million dollar network cap.”

“We've, we actually have thousands of people working toward earning credits that will convert into our token, right? So we just keep track of them in a database. But these are people that are developers, designers, building the, you know, marketers, people maki…”

“Tokens don't matter. If a marketplace doesn't have users in GMV, then it just doesn't matter, and it goes to zero.”

“And that, that's why this is a new business model that couldn't have been done before blockchain tech.”

“Most people's market rates are between, you know, in the U S it's going to be more expensive between one and 200 dollars an hour in other places around the world. It'll be cheaper than that.”

“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.”

“Porsche, the car company is one of our big customers on BrainTrust.”

“Around 22 or so percent.”

“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…”

“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 …”

“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…”

“The founders got, it was, Probably around 10% combined.”

“We've had, you know, 40,000 plus folks earn tokens over the last couple of years in exchange for helping build the network. Invite talent, vet the talent, invite clients.”

“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.”

“A lot of those, the vast majority of those folks have kept their tokens because they represent control, influence, voting power over the network.”

“The other 65% is basically sitting in treasury waiting to be given out to further contributors.”

“There's no brain trust Inc behind it. There's now seven core teams. So little companies that kind of like spend a lot of energy and resources building brain trust. Those seven core teams probably have like 30, 35, 40 or so full-time employees.”

“Now I personally had nothing to do with that upgrade. You know, it was a community led thing”