Jack McDonald

believer in the power of software for good | fmr engineering @antifraudco

[Jack McDonald @jackmmcd]

@alexkshieh @hajsharda @AntifraudCo Congrats Alex!

[Alex Shieh @alexkshieh]

There's a way to make a 1000x return on fraud prevention, @Chamath, but it's not through the bond market.

The False Claims Act (qui tam) says anyone who uncovers fraud can sue the fraudster on behalf of the government, and keep 15-30% of the recovery.

On a billion-dollar fraud, that's $150M+ for a private whistleblower. My startup, @AntifraudCo, does this on a repeatable basis. We have some fixed costs (salaries, tech, rent), but amortized over each case we file, we easily get a 1000x return on investment.

@AntifraudCo is essentially a decentralized, private-sector capitalist DOGE that has unparalleled margins & ROI, while also doing social good.

[Alex Shieh @alexkshieh]

.@chamath, I’m building @AntifraudCo, a startup that files qui tams against fraudsters on a repeatable basis with the help of @BarclayDavidP, a former FTC attorney & @hajsharda, an author/lawyer/antitrust whiz.

Ever since I was invited to testify before Congress at age 20 about millions of wasteful bloat at Brown I uncovered through data mining, I realized the government just didn’t have the bandwidth to stay on top of these things without the help of whistleblowers.

The TAM here is huge — 500B per year. Easily a huge market opportunity that can create multiple unicorns.

[Sonith @_sonith]

The origin story behind @levie and @box

Aaron is exceptional at implementing, learning, and thinking ahead about AI. He amassed 2.5M followers in the process.

His obsession with this plays out every day as he runs Box, now worth ~$5B.

We explore cold emailing @mcuban, famous cycles in technology, how he thinks about AI, parenting, and much more. Enjoy!

Timestamps:
00:00 Intro
01:34 Box Origin Story
04:24 Funding the Company with Online Poker
05:46 The Cold Email That Landed Mark Cuban
07:06 Dropping Out of College for the Dream
09:52 Advice From Mark Cuban
11:12 Enterprise vs. Consumer
12:50 Using the "Innovator's Dilemma"
15:59 The iPhone Launch
17:46 The ChatGPT Moment
21:02 AI Pivot
26:05 SORA Video Generation
29:45 Why Most Companies Are Failing
33:12 Agents Automating Everything
35:50 Jack Dorsey's Favorite Entrepreneur
38:13 Advice for Young Founders

[Jack McDonald @jackmmcd]

I deeply believe in the problem @antifraudco is solving and couldn’t be more excited to be a part of the team

[Alex Shieh @alexkshieh]

Introducing The Antifraud Company (@AntifraudCo) 🧵

We raised over $5M from @AbstractVC, @BrowderCapital & @dunevc to build a private-sector DOGE, where we use AI and investigative journalism to track down those who defraud American taxpayers.

[Jack McDonald @jackmmcd]

@_sonith @JTLonsdale So excited for this

[Jack McDonald @jackmmcd]

@fdotinc Still definitely a work in progress, but here's a project I built to make digital id minting and verification more user friendly: https://t.co/AGhOwy2mTt

[Matt Espinoza ✦ @MattEspoz]

Clover Labs is the fastest growing startup in Canada ever.

$0 -> $1M ARR (annual revenue run rate) in just 42 days

1/ Here's how we did it:

[Jack McDonald @jackmmcd]

@cory Would love to join

[Jack McDonald @jackmmcd]

@_sonith Done

[Jack McDonald @jackmmcd]

@FarzaTV @_buildspace University of Virginia

[GitHub @github]

Meet GitHub Copilot - your AI pair programmer. https://t.co/eWPueAXTFt

[Naval @naval]

The next stage of the web is the decentralized creator economy.

[Sigil Wen @0xSigil]

Hey, 👋 Interested in Creator Economy x Crypto?

BitSwap is hiring a Senior Software Engineer, Backend https://t.co/OyGtYW7NXc. Come join us 😉🦄

cc: @BitSwapNetwork @0xaryan @aIexyu @justinlinw

[Jack McDonald @jackmmcd]

It's tools like @typedreamHQ that are going to absolutely revolutionize the #nocode movement.

Really cool solution, awesome product design, and great future! Easily the best site builder I've seen in 2021.

[Sigil Wen @0xSigil]

BitSwap: Solving BitClout's Liquidity Problem
https://t.co/kVQJ2qjlUW
#BitClout @BitSwapNetwork @BitClout_ @naval

[Jack McDonald @jackmmcd]

@_kinjalbshah You should check out @pagerxyz

[Jack McDonald @jackmmcd]

@adambain @trmcdonald @mcuban Thanks @adambain, means a lot! Would love to speak with you at some point.

[Jack McDonald @jackmmcd]

@DougAntin @QwQiao Check this out: https://t.co/HBOdfXKH7v

[Jack McDonald @jackmmcd]

Congrats to the @pagerxyz team. Glad to have helped in some of the early dev work. Hope you guys crush it! @AlexanderMahedy