[E2] 25-Year-Old Entrepreneur Builds $2.25B Layer 1 Blockchain in Just Two Years

What this episode covers

Before fully transitioning into the crypto space, Jason Zhao was the youngest Product Manager at Google DeepMind. Now, at 25 years old, he is an entrepreneur and co-founder of Story Protocol, which recently secured $80M in a Series B funding round led by a16z. Addressing the issue of AI utilizing data without consent and benefiting from it without sharing rewards with original creators, Story is transforming intellectual property into IP Legos—modular and programmable assets that can be licensed, managed, and monetized via blockchain. Today, we delve into Jason’s journey as the youngest PM at Google Deepmind, his venture into crypto, solving real-world problems through Layer 1 blockchain, the challenges of IP enforcement and protection, his biggest challenge as an entrepreneur, and his ultimate goals. __________________________________ Timestamps 00:00 Teaser 00:48 Intro 01:04 What is Story? 02:36 How Jason first started Story 02:49 Jason's work as the youngest PM at Google DeepMind 03:20 Recognizing the problem created by AI that blockchain could solve 04:56 How Jason met SY 05:23 How Jason got into crypto 06:15 Libertarianism, socialism, and capitalism of blockchain 07:24 Studying CS and philosophy as an undergrad 09:01 Favorite school of thought 11:46 Representing a company through socials 13:10 Real-world problems that Story is solving 17:35 Who are the power-users of Story 17:44 Story's ecosystem partners from both Web2 and Web3 18:43 Why open source AI is much more important than closed source AI 21:34 Explain Story like I'm five 23:36 How Story wants to become an app store 25:54 What is remixing on Story? 28:08 Addressing potential challenges of IP enforcement 29:40 Multiple layers of IP protection 31:42 Strategy to onboard as much IP as possible 33:46: Why Jason is in Korea 34:25 Why Korea is an important market for Story 36:48 Story's envisioned community 37:58 Tech stack of Story 39:40 Why Layer 1 43:32 Investors' and advisors' reaction when Story transitioned to Layer 1 44:26 Story as a data availability layer or a settlement layer 45:45 Not being an object of an algorithm but a controller and a subject 50:24 Constitution and spontaneous order of a blockchain 53:05 Dispute mechanism and principles of Story 56:53 End goal of Jason 1:00:53 Satisfaction is deeper than hedonistic pleasure 1:03:09 Biggest challenge 01:06:00 Closing Thoughts __________________________________ [FOLLOW JASON & STORY👇] • Twitter(X): https://x.com/jasonjzhao • Twitter(X): https://x.com/StoryProtocol [FOLLOW PFP PODCAST👇] • Twitter(X): https://twitter.com/PFPpod • Spotify: https://open.spotify.com/show/2EjrWcgasA3AQlYkXFFSV8?si=dd4132dcc2ee436f • Apple Podcast: https://podcasts.apple.com/us/podcast/profile-pictures/id1762620325 • Youtube: https://www.youtube.com/@pfppod [FOLLOW CO-HOSTS👇] • Brian: https://x.com/brianjhhong • Jessie: https://x.com/0xJESSIE_ • JW: https://x.com/pillarbear_ __________________________________ [DISCLAIMER] The information provided herein is intended for informational purposes only and should not be construed as financial, legal, or tax advice. The content of this video reflects the opinions of the speakers, who are not licensed financial advisors or registered investment advisors. Trading cryptocurrencies carries a significant risk of loss, and the speakers make no guarantees regarding any specific outcomes.

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