Jed McCaleb, the founder of Stella.org, is known for his many successful innovations over the years. In the past, he invented eDonkey which was the most reliable and convenient file sharing method at the time. He also invented Mr. Gox, the first Bitcoin Exchange. In 2011, McCaleb invented Ripple. Jed aims to make technological innovations to make work easy for humans.
Stella.org main objective is to help the 2.5 individuals in the world during their money transfer. He says that most banks globally are not in a position to accommodate the low-income earners. This is by creating an open financial network that will make money transfers cheaper.
One of the trends that Jed finds exciting is the Artificial Intelligence. He says that AI is interesting and scary at the same time. Jed says that two decades from now, humans will have a lot done for them by the AI. His passion for AI has led him to donate and join the advisory panel of Machine Intelligence Research Institute (MIRI). MIRI is a non-profit organization whose objective is to form new formal devices to ensure safe operations of AI in the future.
One attribute that has rendered Jed productive is taking his time to think about his plans and strategies before embarking on his evaluation journey. Jed says that as much as an individual may be productive, it would be useless if the direction they are taking is wrong. Jed is also keen on ensuring that his focused when handling any task, he says his very attentive in making sure he only concentrates on the essentials.
One strategy that has promoted Jed’s businesses is focusing on making quality products instead of marketing products. He says that one should aim at making great products that fill a need. He is grateful for the internet that has made it easy for great products to be recognized.
Jed has had many failures in his career. He says that what matters is not overcoming the challenges but withstanding the storms. He explains that entrepreneurship is all about being tenacious and being tolerant with all the setbacks as you wait for success.