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I’m excited about the Filecoin launch.
A thread on the Filecoin journey
A thread on the Filecoin journey
1) It’s summer 2014 in Mountain View, CA. Juan is hacking away on IPFS.
Juan is going through Y Combinator.
YC partners tell Juan in a group meeting that he needs to stop coding and write the Filecoin whitepaper.
Juan is going through Y Combinator.
YC partners tell Juan in a group meeting that he needs to stop coding and write the Filecoin whitepaper.
2) Juan disappears for two weeks.
Our group (we were in the same batch and same group in YC S14) met every 2 weeks on Tue for updates.
Juan emerges with Filecoin paper: https://filecoin.io/filecoin-jul-2014.pdf
Our group (we were in the same batch and same group in YC S14) met every 2 weeks on Tue for updates.
Juan emerges with Filecoin paper: https://filecoin.io/filecoin-jul-2014.pdf
3) August is YC demo day.
Few investors understand crypto back then. Filecoin and Blockstack are speaking French while everyone else is speaking English.
Luckily, people like Union Square Ventures and Winklevoss Capital also exist, who understand the potential.
Few investors understand crypto back then. Filecoin and Blockstack are speaking French while everyone else is speaking English.
Luckily, people like Union Square Ventures and Winklevoss Capital also exist, who understand the potential.
4) Juan first focuses on IPFS.
IPFS is the interface for peer to peer storage. Developers love it. You can see the Github engagement rising.
It’s all about great developer UX.
IPFS is the interface for peer to peer storage. Developers love it. You can see the Github engagement rising.
It’s all about great developer UX.
5) It’s 2017; crypto gets attention.
New Filecoin paper comes out. There is no CoinList-like platform, so Juan builds it in-house with AngelList.
The token offering attracts ~$200M.
(Blockstack, a few months later, uses same CoinList to raise ~$50M.)
New Filecoin paper comes out. There is no CoinList-like platform, so Juan builds it in-house with AngelList.
The token offering attracts ~$200M.
(Blockstack, a few months later, uses same CoinList to raise ~$50M.)
6) Juan goes heads down again.
His comms to world is that launching blockchains is like launching rockets: you need to get it right.
It’s a complex undertaking, but the storage opportunity is massive.
His comms to world is that launching blockchains is like launching rockets: you need to get it right.
It’s a complex undertaking, but the storage opportunity is massive.
7) Testnet takes off in China.
Roughly $100M of storage hardware is humming on the testnet. What seemed like a pipe dream during YC is now inching closer to reality.
Buying hardware and converting it directly to crypto is key here.
Roughly $100M of storage hardware is humming on the testnet. What seemed like a pipe dream during YC is now inching closer to reality.
Buying hardware and converting it directly to crypto is key here.
8) Filecoin launch is tomorrow.
As a friend, peer, and investor, I’m rooting for the success of Filecoin.
People stopped dreaming big; Juan is not one of those people.
Thanks for trailblazing, and good luck tomorrow!
As a friend, peer, and investor, I’m rooting for the success of Filecoin.
People stopped dreaming big; Juan is not one of those people.
Thanks for trailblazing, and good luck tomorrow!
