The future of work is on the precipice of a major evolution. We're about to unlock a new economy—and it's going to expand the world’s digital wealth by enabling people to work on things they believe in.
EARN UNDER A PSEUDONYM
Today, roughly half the people I work with are using pseudonyms (i.e. a fake name). A pseudonym helps you work in the new economy by protecting you from discrimination tied to your identity or country of origin. This empowers freedom of speech, enabling an individual to speak, act and work for ideas they believe in.
Like a shield, a pseudonym is a bulwark against bad behavior. There's a reason Bitcoin's creator went by the pseudonym Satoshi Nakamoto. It's the same reason Bitcoin thrived despite regulatory oversight (i.e. you can attack the idea but not the person) and folks pretending to be the real deal. Expect to see more people living under their real name and working under a pseudonym, and for companies to respect that decision.
BLOCKCHAIN REPLACES THE CAP TABLE
The most valuable data structure in Silicon Valley is the capital allocation table (who owns how much of a company), and a blockchain effectively acts like a cap table. These two realities are about to meet.
Cap tables are a great way to organize around a mission and claim ownership, and subsequent upside, from contributing to that mission. The problem with a traditional cap table is that it's inefficient: you need to know the right people to raise millions of dollars, spending months to hire a small team with fiat, and then work with those people for many years before you see the promised upside. Crypto, meanwhile, has proven an efficient way to store and transfer value. By actually using the blockchain as a cap table, a new model for labor and capital is unlocked: founders leverage their community like employees to grow faster, and community builders have the same incentives as founders to grow fast, with crypto rewards representing a stake in an idea or business.
A NEW TYPE OF FOUNDER EMERGES
Traditional founders are usually either an engineer or a salesperson. But a new type of founder is going to appear, one that leverages code, capital, media, and community to share in wealth creation. This "Community Founder" can take their idea from a standing start to billions of dollars in value by putting thousands of people to work in a short amount of time.
Much like how Y Combinator created a playbook for early-stage startups to follow, we’ll see a lot more educational material and programs designed around helping community founders scale valuable communities that help accomplish a shared mission.
The new founder archetype, combined with the new model of capital allocation that crypto empowers, will create a new economy: one where you'll live under one name and earn under another while getting fantastically wealthy.
Founder, CEO, Freehold
If you’re interested in accelerating this future, apply to join our fast-growing team at Freehold.
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