How I built $3B Next-Gen Identity Startup for AGI Era | World, Alex Blania
Today's video features the story of Alex Blania, the CEO of Tools of Humanity, who is leading the Worldcoin project. Recently, the project underwent a rebran...
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Intro
- 00:00then I got admitted to the Celtic
- 00:02research program went there Sam and Max
- 00:05which were the two other founders of
- 00:06roine reached out to me like a true
- 00:08liner basically he was like hey here's
- 00:10this paper ro road coin do you want to
- 00:12meet is by far the craziest Story of My
- 00:14Life first of all I didn't sleep all
- 00:15night it I slept like an hour drank like
- 00:17six espressos or something on the way
- 00:19there 10:00 a.m. right when the sun was
- 00:20going up I get this email by Sam it's
- 00:23like hey you want to come by now we sat
- 00:24down then the first question was I am
- 00:27Alex B the CEO of K tools for Humanity
- 00:30is building critical infrastructure for
- 00:33AI driven Road the company got started
- 00:35together with Sam Alin around 4 and a
- 00:36half years ago the idea was what kinds
- 00:38of tools will we need on a global scale
- 00:40to react to the change that will come
- 00:42the major project is World coin which is
- 00:45one it is a way to verify humanness on
- 00:48truly International global scale on the
- 00:50internet because we think it will be
- 00:51really really hard to distinguish if
- 00:52you're interacting with humans or AIS
- 00:55that will turn out to be a very very
- 00:56critical problem second it is Broad coin
- 00:58which is a digital currency that
- 01:00launches we giving ownership to every
- 01:01human eventually we are now at I think
- 01:04over 12 million users 6 million or so
- 01:06that verified yeah we're scaling rapidly
- 01:08around the world so we roll out these
- 01:10physical devices around the
Chapter 1. Sam Altman asked me to become the CEO
- 01:14world so when I was very young I was
- 01:18already a lot into technology so I read
- 01:21a lot of books about computer science
- 01:23but also the basics of mechanical
- 01:25engineering I think when I was around 12
- 01:27I was on the front page of their spedal
- 01:29which is one of the largest outlets in
- 01:31Germany there was an article about
- 01:32Silicon Valley Silicon Valley is this
- 01:34place where all these people go and
- 01:36build the future and build this new
- 01:37technology basically since then I was I
- 01:39was a very set that I will go to Silicon
- 01:41Valley and I will build companies and
- 01:43that's what I want to do with my life so
- 01:44when I started studying right next to my
- 01:47university was a new Max plunk Institute
- 01:49one of the professors and directors
- 01:51actually of that Institute was flen
- 01:53markart and he was a pretty well-known
- 01:55theoretical physicist that decided to go
- 01:57all in into AI back then it was actually
- 02:00a pretty small field because of that I
- 02:03studied kind of the beginnings of of
- 02:05deep learning and kind of what later led
- 02:07to Transformer and these things like
- 02:09very very deeply and then did a research
- 02:11stay at Caltech in Los Angeles and when
- 02:13I do my PhD there the actual story is
- 02:15actually I applied at a conference
- 02:18called YC 1220 which uh Sam hosted and
- 02:22so the idea of the conference was that
- 02:24it would be hundred of smartest students
- 02:26of the world together with like 20 of
- 02:28the industry leaders of the world and
- 02:29you would bring them together somewhere
- 02:31in the US and would be like it's amazing
- 02:33time and I got declined I was really
- 02:36angry so I just wanted to fly there
- 02:38there was no address there was no idea
- 02:40how to find it in that application
- 02:42period another venture capitalist from
- 02:44San Francisco lik a picture of the car I
- 02:47built when I was 16 and it was part of
- 02:48the application for Y2 so I thought that
- 02:51this VC is probably part of the
- 02:53application process of voice 120 and so
- 02:55I sent her my application video and was
- 02:57like Hey I'm going to meet you wherever
- 02:59you are as think I think you made a huge
- 03:00mistake of declining me to Y 1220 she
- 03:02was like I have no idea what you're
- 03:03talking about but the video is awesome I
- 03:05will just let you interview by all these
- 03:07associates that I have and then because
- 03:09of that I flew to San Francisco for the
- 03:11first time I met a lot of very
- 03:12influential people in basically a twoe
- 03:15period Then I got admitted to the
- 03:17celtech research program went there and
- 03:19then through a series of coincidences
- 03:22which was like partly driven by people I
- 03:24met before on that trip Sam and Max
- 03:26which were the two other founders of
- 03:28roine reached out to me like a TW liner
- 03:31basically he was like hey here's this
- 03:32paper ro ro coin we looking for selft
- 03:34engineers do you want to meet is is by
- 03:37far the craziest story of my life I
- 03:38think first of all I didn't sleep all
- 03:40night because Max let me sleep in in the
- 03:43office and there was no blankets and it
- 03:45was like freezing it SLE like an hour
- 03:4710:00 a.m. right when the sun was going
- 03:49up so it was a little warmer so I could
- 03:50like finally catch a little bit of sleep
- 03:52I get this email by Sam was like hey you
- 03:54want to come by now so I did sleep
- 03:56didn't even have clothes R me really I
- 03:58just s there Dr like six espressos or
- 04:01something out the way there so I come in
- 04:02and then we sit down my first question
- 04:04is explain me the standard model of
- 04:07theoretical physics in detail cend model
- 04:09of theoretical physics is like really
- 04:10it's quite a thing I also think it
- 04:12doesn't make much sense or like there's
- 04:13actually deep flaws in that in that
- 04:14model and so those when my first
- 04:16response and he just laughed that's how
- 04:18we we hit it off I was definitely a
- 04:19software engineer I was also not CTO I
- 04:21was like something in between I actually
- 04:23brought on the rest of the feline team
- 04:26uh which were kind of the most Talent
- 04:28people I met on my University Journey
- 04:29Journey most of them were physicists
- 04:31that was kind of a technical team then I
- 04:33became Co roughly one year in or 8
- 04:36months 9 months in I think like after 8
- 04:37months we started raising the series 8
- 04:39so it was the first fundraise and during
- 04:41that fundraise I became the
Chapter 2. What I learned from the best CEO coaches
- 04:45CEO when I became CEO I got a lot of
- 04:49coaches there so like actually four of
- 04:51them and so every Thursday I had a
- 04:53couple hours with each of them basically
- 04:55in a row 70 80% of my Thursday was just
- 04:57being getting grilled and learning like
- 05:00what are all the things I did wrong this
- 05:01week and what should I improve next week
- 05:02and how should I run a meeting and so
- 05:04this was like a supercharg uh learning
- 05:06experience probably but then the second
- 05:08thing which I think is actually probably
- 05:10much more important is like I think
- 05:12being a CEO what that actually means I
- 05:14think is that you're problem solver in
- 05:16charge there's like always this like
- 05:18confusion about what it means to be a
- 05:19COO it's like okay now you can run
- 05:21Performance Cycles and you can do this
- 05:22and but all of that actually really
- 05:24doesn't matter most of the things you
- 05:25have to do is a complete distraction
- 05:27what you actually should be doing is you
- 05:29should understand Technical and product
- 05:31challenges you should understand the
- 05:32biggest problems the company's facing
- 05:35and so while running Performance Cycles
- 05:37and doing this and that like I hatte it
- 05:39with passion I do love solving problems
- 05:42and that's what I did my whole life and
- 05:43I was always pretty good at and so while
- 05:45there's a lot of new things the core of
- 05:47it is what I always did the most
- 05:49unexpected one which is actually
- 05:51something I took away from Ben hitz is
- 05:53this idea that and as a Founder you're
- 05:56successful mostly because of two things
- 05:58your competence and and your confidence
- 06:00this idea that you need to manage your
- 06:03confidence and see it as an actual kpi
- 06:06for yourself and if that falls below a
- 06:08critical threshold you will fail and
- 06:09everything will crash and burn almost
- 06:11certainly you need to be very conscious
- 06:13who you surround yourself with because
- 06:15what you certainly learned in your
- 06:16private life is there's always people
- 06:18that are pessimistic about everything
- 06:19all the time and they they drag me down
- 06:21in a company these kinds of people exist
- 06:24but completely to chart because it's so
- 06:26easy to be cynical about everything and
- 06:27be negative about everything and but the
- 06:29problem is what it does to you as a
- 06:31Founder it necks on you on a daily basis
- 06:33it takes away this one thing that keeps
- 06:35you going which is your own confidence
- 06:37and so your leadership team the people
- 06:39around you need to be people that
- 06:41increase don't decrease your confidence
- 06:43otherwise you will die by a Thousand
- 06:44Cuts essentially and because it's very
- 06:46in obvious somehow like no one thinks
- 06:48about these things but that was probably
- 06:49the biggest unexpected learning I think
- 06:52in terms of coaches every mentorship
- 06:54relationship that's actually not even
- 06:55specific to business because I had the
- 06:57same relationship with my professor in
- 06:58University is much more one of
- 07:01situational so it's like you're you're
- 07:03faced with a certain situation and as an
- 07:05unexperienced person you don't know what
- 07:07is right or what is wrong what you what
- 07:09you can be doing so a lot about growing
- 07:11up especially as a Founder is learning
- 07:14when to send your ground when to be
- 07:16direct when to be indirect and that you
- 07:18can really only learn by reference I
- 07:20think the biggest donate from Sam was
- 07:21just indirectly seeing how he deals with
- 07:23certain situations very early on these
- 07:25kinds of things I think are the biggest
- 07:27invaluable learning lessons that you
- 07:29cannot write down you could write a
- 07:30block post about these
Chapter 3. Solving problems that have never existed
- 07:33things you really think about it many of
- 07:36the Great companies started with uh
- 07:37Keith for I think has the saying that
- 07:39the best companies are much more like a
- 07:42Hollywood script than a problem what do
- 07:43you want to see in the world and you for
- 07:45relate that you hire the best actors
- 07:47that you can find and then you go after
- 07:49it if you think about it open a was like
- 07:51that open like what's the problem we
- 07:53don't have artificial super intelligence
- 07:54Ro primy river right that's not a
- 07:56problem that's a positive thing that
- 07:59would exist the RO and Roa was pretty
- 08:00similar how would the road look like if
- 08:02you would have truly multi-billion
- 08:04people come to the own Financial Network
- 08:06that would be completely crazy and would
- 08:08certainly reshuffle a lot of things in
- 08:11majority a very positive way so how do
- 08:13we get there so it started very similar
- 08:15it was like okay how do we get to this
- 08:17crazy outcome then outlining basically
- 08:20step by step what would it take first
- 08:22one we will need to solve proof of
- 08:23person or proof of unique humanist
- 08:25second we launch a digital currency by
- 08:28giving ownership in EN every human and
- 08:29so self Pro a personal La currency scale
- 08:33and show initial utility which is what
- 08:34we currently do and then fourth
- 08:36decentralize the whole network to scale
- 08:38even way further one of the earliest
- 08:41debates that we had was around
- 08:44essentially having more like a developer
- 08:47focus and try to talk to companies
- 08:49explain them worldo ID all of those
- 08:50things versus what s coed as scale first
- 08:54which was like such a ridiculous
- 08:55statement at least it sounded like it
- 08:57usually the device would be you do a you
- 08:59talk to companies you explain them World
- 09:01ID and they will be so pleased that you
- 09:03have built World ID and they will
- 09:04integrated everything will be great Sam
- 09:05was like well what we got to do is we're
- 09:07going to completely ignore that and we
- 09:09say we just run towards a billion
- 09:12signups and we do everything we can to
- 09:15get to these bil setups and we're going
- 09:17to have a religious Obsession about that
- 09:18we're going to make it a company value
- 09:20because on the path to get there we'll
- 09:22resolve all of those questions but we
- 09:24will resolve them much much faster and
- 09:26his point was that he felt he learned in
- 09:29his and observing companies like Reddit
- 09:31that they have this like very strong
- 09:33emergent effects happening as a result
- 09:35of the user base things will start
- 09:37happening that you didn't even predict
- 09:38and I think that was probably the
- 09:40biggest bet we took as a project and
- 09:42still were taking and it feels like it
- 09:45was the right call and pretty early
- 09:48actually before we raised series a Sam's
- 09:51idea or question was essentially we
- 09:53realized we have to build H otherwise we
- 09:55thought we could solve the problem Sam's
- 09:58definition of when we already to
- 10:00actually raise money is you take such a
- 10:02hardware device you go out in the city
- 10:05on a street and you can sign up and
- 10:07verify people and they're actually
- 10:09interested or willing to do that for
- 10:11whatever reason and you can do that at a
- 10:14scale that would show you that with
- 10:17reasonable Capital you could scale it up
- 10:19to millions of people the simple math we
- 10:21did back then was well we would need
- 10:23somewhere between 70 to 100 signups a
- 10:25day with one of those devices and if we
- 10:27would achieve that we could scale it up
- 10:30drastically and we just built the first
- 10:32prototype so it had two eyes because it
- 10:35actually had two cameras it injected a
- 10:37physical coin in the middle of it so it
- 10:39looked like a very ugly face because
- 10:40like the coin injection was basically
- 10:42the nose and it had like these like two
- 10:43stupid eyes it looked like a very stupid
- 10:45face and it was blue because that was
- 10:48the 3D printer and it was polished so it
- 10:50basically looked like a a stupid Smiley
- 10:53boning ball and then it also talked you
- 10:55had like a a blue bowling ball with two
- 10:57eyes and a stupid nose that was telling
- 10:59you in a female robotic wise C closer
- 11:03and it was also actually blinking it's
- 11:05like red LEDs in there so I guess we
- 11:06could have had ideas why that maybe
- 11:08would not work but and so we went to
- 11:10this park we worked like for months on
- 11:11this device so like the whole team was
- 11:12like super excited and so we had the
- 11:14team behind me with cameras and like
- 11:16everyone's like taking pictures so I
- 11:18approached two girls in the park and was
- 11:21like hey do you want to verify with this
- 11:23device you get free Bitcoin and we just
- 11:25need this device to make sure that
- 11:26people don't fool the system essentially
- 11:28so first was like absolutely not and the
- 11:31second was well you're kind of cute so
- 11:33sure but I need you number then after
- 11:35that was basically it that was like the
- 11:36success for the day we couldn't verify
- 11:38anyone else that was basically it team
- 11:40was like super demotivated and kind of
- 11:43everything somehow failed but then what
- 11:44we did is so first of all we were
- 11:45working 7 days a week and we were
- 11:46basically living together in the office
- 11:48it was a pretty small team back then it
- 11:49was Co it was nothing better to do
- 11:50anyways and so I said there's shipping
- 11:52Saturday and so every Saturday we need
- 11:55to ship a completely new version and I
- 11:57will be out every Saturday with this new
- 11:59version version and we will test it so
- 12:00then we just iterated it through like
- 12:02okay maybe it kind of looked like a
- 12:03molding ball and maybe it needs to look
- 12:05a little bit sexy and then like the
- 12:06miror Optics came in and was like somewh
- 12:08interesting to people and then maybe it
- 12:10shouldn't say come closer then we at
- 12:12some point we went to burland and one of
- 12:14the fing team members Sandro did 70 SES
- 12:17a day and that was done the ser and we
- 12:19called Inon pits that was how we then
- 12:22initially raised the series a s had this
- 12:24mental model that okay 70 S A Day
- 12:26multiple with 50,000 devices that can
- 12:28you can get to a growth rid that can
- 12:30lead to billions of saps I think with
- 12:31any startup I think the the much bigger
- 12:33threat is that you always face an
- 12:35existential threat essentially like
- 12:37whatever it is but that's by you're a
- 12:39startup I think developing anything was
- 12:41generally not the hardest thing the
- 12:42company was probably about to die
- 12:45certainly more than two times probably
- 12:48four times theia CEO talks about that
- 12:50quite frequently is like all of those
- 12:52companies are even a thousand times
- 12:54harder than you imagine them going into
- 12:56them so it's like Essen you sign up for
- 12:58years of paying p and suffering and you
- 13:00saw need to push through and I think
- 13:02that's a really hard thing it's not one
- 13:04particular piece of technology there was
- 13:05like a lot of technical things we had to
- 13:07figure out along the way but keeping
- 13:09going was the much harder
Chapter 4. Thoughts on Founder Mode
- 13:13one yeah I've read about Founders mod
- 13:15recently I uh spoke to my heart when you
- 13:19run a company and the company gets
- 13:21bigger and bigger there's like strong
- 13:22pull from people that are coming in that
- 13:25try to convince you that running a well
- 13:28oil machine is what you really really
- 13:30should care about we want to set the
- 13:31processes and you want to run like all
- 13:33these like great programs and then
- 13:36everything that happens is like you just
- 13:37sit down with the leadership team and
- 13:39everyone is happy that's like what
- 13:41people describe to you versus basically
- 13:43as far as it gets from how it actually
- 13:45should be in companies as well as in
- 13:47things like science almost everything
- 13:49comes down to one or two or three
- 13:52problems you can really only do that if
- 13:54you go really really deep and you really
- 13:55understand it because otherwise people
- 13:57will tell you all kinds of things why
- 13:59doesn't work or why it cannot work and
- 14:00it's really really hard as a Founder to
- 14:02have that fortitude of ignore all the
- 14:05people that try to tell you that
- 14:06shouldn't you should not be involved
- 14:08everything is great keep yourself out of
- 14:09it ignore all of that chatter and just
- 14:11keep going deeper and deeper and deeper
- 14:13until you really understand the problem
- 14:14well I think there's actually one more
- 14:15comment that is maybe important to make
- 14:17you could also use that as an excuse to
- 14:21be a horrible manager there's like a a
- 14:23big difference of you are a very capable
- 14:25Problem Solver and you should nail down
- 14:28problems and that's your job as a CEO
- 14:30and no matter what people tell you
- 14:31that's that's it and you should
- 14:33understand them you should get them and
- 14:34you should not let them lose and they
- 14:36are solved versus you're just an
- 14:38that runs through the office and keeps
- 14:40annoying everyone and just like wants to
- 14:42be involved doesn't add any value then
- 14:44leaves the room again and which is
- 14:45another thing that happens right so like
- 14:47yeah I think found remote is Problem
- 14:49Solver in charge figuring things out not
- 14:52being an the world is a really
- 14:53large place and there is great
- 14:56governments and there is places where
- 14:58just nothing is working in there's even
- 15:00places where the government works
- 15:01against their citizens actively and I
- 15:03think there is some kind of
- 15:05infrastructure the what the kind of
- 15:07infrastructure that makes you truly a
- 15:09human no matter who you are or where you
- 15:12should come from you should have a right
- 15:14for and how do we build systems that can
- 15:17do that independent of where you come
- 15:19from or what you struggle with and I
- 15:21think that is why rcoin and that is why
- 15:24if such a change would happen if we have
- 15:26strong AGI systems we need to rethink
- 15:29how we handle our economy how we handle
- 15:31handle our social systems it should not
- 15:33be just for the 50% in the world that
- 15:36are living in great government it should
- 15:37be for everyone because getting it to
- 15:39scale is actually the thing that truly
- 15:40matters you know people in Germany
- 15:42having better lives and the margin like
- 15:45that that will not change the world
- 15:46empowering those the people will change
- 15:48the world
- 15:52[Music]