Jed McCaleb has spent his career building online platforms, such as eDonkey, the former file-sharing giant, that have reached the world, effectively changing the ways in which we do things. As he prepares to bring his new company, Stellar, to the masses, he recently sat down for a Q & A session in order to discuss his plans for the future, new forms of tech that have piqued his interest, as well as the day-to-day processes that he has incorporated into his life to continue his run of longstanding efficiency. For Mr. McCaleb, the idea to create Stellar stemmed from the world population’s growing interest in cryptocurrency, and in particular, the granddaddy of them all, Bitcoin. While it was never in his plans to create a new form of cryptocurrency, Mr. McCaleb was very interested in utilizing its underlying platform; connecting financial institutions. There are currently in excess of two billion people around the world that are unbanked, as traditional banking institutions have not been able to service them due to the high costs and fees that are associated with this process. By creating Stellar, Mr. McCaleb aims to connect financial institutions around the world in an effort to move money in an efficient manner, and at a low cost. Stellar has already begun taking off throughout the developing world, and a number of businesses and non-profit organizations are implementing it within their economic infrastructure.
On a typical day, Jed McCaleb seeks to maximize his time for efficiency; a process that has made him successful through a multitude of online endeavors. Breaking his day down into two parts which consist of “focus mode,” where he aims to build his product through coding, and “reactive mode,” where he concentrates on the business and networking aspects of his company, he is able to get the most out of his day, while staying in tune with the overall trajectory of the project. By focusing strictly on what is necessary to complete his goals for the day, never straying beyond the essential, he is constantly aware of the progress that he is making, and is, therefore, never off schedule.