Jed McCaleb Investing In Technology to Make the World a Better Place
Jed McCaleb, Co-Founder of Stellar.org states “It doesn’t matter how “productive” you are if you are building toward the wrong goal. Differences in direction that result from planning absolutely swamp any kind of productivity gains.” Quoting that statement from Jed McCaleb, Jed spoke at an interview stating that he believes in consciously using technology to limit not being able to achieve the ultimate productivity and improving the human characteristics. As years past after Jed founded in Ripple in 2011, he realized that the foundation of the world’s financial system is weak. That is where Stellar.org came to play when he co-founded in it. He realized that many people were without proper resources. Stellar is an open-sourced platform for building financial products that connect people anywhere around the globe. It is basically a worldwide wealth exchange network system where anyone can move currency reliably and quickly at little to no cost.
Jed has always been an entrepreneur and leader where he plays vital roles within the business industry. He spends tons of time strategizing and overall planning as he spends his time wisely on what he feels is necessary to focus on in order to get things accomplished. As an successful entrepreneur that Jed is, he recommends not focusing on niche things and to focus primarily on the big ideas because the reward is much greater than the niche type products. They key is to make a product that actually fits its needs in peoples lives.
In addition to his successful investment in Stellar, Jed McCaleb founded edonkey 2000 where users can peer to peer file share online. EDonkey is one of the largest file-sharing network suited for users to share large file sizes as they are able to log into the network and still have long term file availability. It is more so a decentralized network as to there not being a central hub and files are not stored on a central server, but rather than files are exchanged directly from user to user. Jed has also made a great donation to Machine Intelligence Research Institute, which is a non-profit organization to help make lives easier for everyone as AI will be able to solve multitudes of problems.