Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Adam Jackson

๐Ÿ‘ค Speaker
676 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

Like imagine, so what you just said is like a typical kind of SaaS cap table seed round or pre-seed.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

With tokens, you actually want the majority of the tokens to go to your community because the community is going to do the majority of the work.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

There's no ESOP.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

And there's a fixed supply.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

In our token economy, you can't make any more.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

You can't issue new tokens.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

It's locked into our smart contract that we have a fixed supply, 250 million tokens, which is interesting because you can never be diluted.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

It's dilution proof.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

And so we actually said like, okay, well, like investors will probably own eventually like up to 25% of that, that token cap table.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

And then founders will get, you know, 10 ish.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

And then, and then maybe another 10 for like core team contributors and then the rest go to community.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

Hang on, Nathan, this audio is coming down.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

Say again.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

I just don't understand what's going on with this audio.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

The top of the referral leaderboard is where I lost her.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

Yep.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

No.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

So these are actually skills on the marketplace that transact.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

So say like elastic security, that's a DevOps skill.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

That means of all the clients hiring talent on Braintrust for that skill, that is the average hourly rate.