Jed McCaleb’s Take on the Entrepreneur

Throughout his career, Jed McCaleb has built a number of online enterprises from the ground up, that has drastically changed the climate of the online community as a whole. In a recent sit-down, Mr. McCaleb discussed his the personal processes that have helped to keep him productive over the course of his career, as well as the key points that every entrepreneur should utilize on a daily basis. In his latest effort, a company entitled Stellar, he seeks to bridge the longstanding gap between people around the world who are considered to be unbanked, and the traditional banking outlets that, until now, have been unable to properly service their needs.

On a typical day, Mr. McCaleb sections his day off into two separate groups; focus mode and reactive mode. While in “focus mode,” he works on coding and building and while in “reactive mode” he concentrates on the networking aspects of running Stellar. This strategy is completely by design, as it helps to ensure that he can fully utilize his time effectively. While working on any project, Mr. McCaleb concentrates on the big picture regarding his company, in order to ensure that he and his team are consistently building toward the correct goals. While he emphasizes the reality that, as an entrepreneur, failure is a part of the growth process, he tries to limit these failures by always being properly prepared for the future.

Aside from dedicating the majority of his time to the development of Stellar, Jed McCaleb has spent a significant amount of time helping to research and develop the growing technology, artificial intelligence. He admits that the prospects connected to A.I. are almost limitless, and although this gives him a great deal of excitement, he is well aware that there are also a number of terrifying aspects associated with the technology. Since partnering with the Machine Intelligence Research Institute, where he acts an advisor, he has helped to build tools that he believes will significantly impact the overall trajectory of the world’s population. He estimates that over the next twenty years, the world will experience a number of changes regarding overall efficiency, that will impact the populace in a manner that rivals major movements, such as the agricultural revolution.

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