Stellar co-founder and CTO Jed McCaleb recently sat down with Ideamensch for an interview where he discussed his business career. Jed has a passionate belief in the importance of leveraging technology as a way to reduce inefficiency. Doing this is a great strategy to improve the human condition. When asked about where the idea of Stellar came from, Jed opens up that his interest in Bitcoin led him to the idea behind Stellar. He looked at the developments around Bitcoin and realized what it was. Bitcoin is a distributed database and Jed knew that he could make use of the underlying idea of Bitcoin to transform the world.
Jed is then asked about what his typical day consists of. His response is that he has always run small teams where there is a balance between management and the technical development. He states that he has two different types of work. One type where he is focused and one type where he is reactive. Jed likes to build and code when he is in his focus state of mind and he likes to do things like responding to emails and requests when he is in his reactive work mode.
Jed also comments on a recent trend that excites him. He states that he is excited by the developments in artificial intelligence. He points out that the technology is still in its infancy and has massive room to grow. He believes that within the next 20 years, AI will be able to solve a large number of problems that humanity faces.
Jed McCaleb also reflects on a major habit of his that makes him a productive entrepreneur. He reveals that he spends a lot of his time thinking about strategies. Jed emphasizes that being productive is actually counterproductive if you are working towards the wrong goals.
Jed also reveals that he makes sure not to focus on niche things. He believes it is only slightly more difficult to focus on goals that have a global impact. Throughout his business career, he has always focused on creating great products that fill the needs that people have.
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