Recently, I faced a challenging situation in a business collaboration, one that tested my faith in the fundamental goodness of professional partnerships. Without delving into specifics, let's just say it was an encounter with malicious intent, the kind that leaves you both mentally and physically drained.
In the aftermath, as I sought ways to understand and prevent such experiences, my thoughts turned to blockchain as a source of inspiration in building trust.
Blockchain, at its core, is an immutable truth machine. It creates an environment where every transaction, every agreement, is recorded in a way that's transparent and unalterable. This kind of system fosters strong collaborations by preventing unwanted behavior at a mechanism design level.
The key for a trustable collaboration, I believe, lies in not just relying on words that can be inaccurate or misleading. Instead, we should lean on something that can be trusted by a third party, like a ledger or having multiple sources to validate any important information regularly. This approach shifts the focus from blind trust to verified trust.
In the early 1980s, Airbus was developing its breakthrough A320 jet. To break the near-monopoly held by GE’s CF6 and CFM56, four aerospace companies—Pratt & Whitney (PW), Rolls-Royce (RR), Germany’s MTU, and Japan’s JAEC—formed a joint venture called International Aero Engines (IAE).
Generative AI has advanced to the point where it can handle tasks that previously required human intervention. My hypothesis is that the DeFi projects that will succeed in this cycle are those that enhance user experience and drive broader adoption.
2024 has been a year of lessons and new beginnings. In the first part, I faced challenges with my startup in Saudi Arabia, learning the hard way that both internal decisions and uncontrollable external factors shape a venture's success. Though it didn’t work out, I gained valuable experience and connections. In the second part, I’ve been fortunate to start a new venture with a friend, developing models to process brainwave data. It’s an exciting and challenging path, and I’m hopeful for what’s to come.
Through my experiences, I've formed a method for starting a business from the ground up. This method combines lessons from the Lean Startup with my personal stories.
"Lan Yu" - a love story, set against the backdrop of a transformative period in Beijing, brings to light the complexity of love, power dynamics, and societal changes.
As a young entrepreneur fresh out of college, one of my biggest challenge was to find the right problem to solve. Here I try to provide my thoughts on this issue.
This article unfolds my journey through a co-founder departure, emphasizing the lessons learned in team building, the importance of aligning skills with startup needs, and fostering a growth-oriented company culture.
