I tell new founders that you have three outs to win: 1) you can get pmf and make money 2) your token can get pmf and you make money 3) both 1 & 2 - the dream scenario but few examples The problem is that in our industry you get rewarded for having no product No product = no way to value = pure speculation, narrative, and hype To blame the founder here is misguided. He wouldn’t be leaving if people didn’t bid up this coin to $7b of course he’s going to cash out to work on something real, wouldn’t you?
Jason Zhao
Jason Zhao16.8. klo 12.46
After 3.5 years building Story from scratch, I’m stepping out of my full-time role. I’ll stay closely involved as a strategic advisor. While incubating Poseidon, I rekindled my original passion from my DeepMind days: applying AI to frontier industries like science and space. It's time for me to fully pursue this path. I believe we’re approaching a crucial inflection point in humanity’s arc as an industrial society. Language generation is just the initial wave of a cascade of abundant intelligence across fields like robotics, biopharma, and space that, if successful, will constitute a new Industrial Revolution. Looking back, building Story has been the most meaningful experience of my life. What began as a whiteboard sketch when I was 22 turned into more than I could have imagined: a network supporting IPs from Balmain to BTS, with millions of transactions and $130M+ in backing from partners like a16z. Now, Story enters Chapter 2 with SY at the helm, Andrea as our new CPO, and Sandeep as Chief AI Officer. And as I embark on my next venture, I won't be going far, as Story plans to partner and invest. To our investors, partners, and nearly 100 incredible teammates: thank you for an incredible ride!
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