Ampleforth Adds Noah Jessop, Sam Lessin And Michael Karnjanaprakorn To Advisory Board

Job Appointments | June 12, 2019 By:

Ampleforth, a digital-asset-protocol for producing smart commodity-money, has added Noah Jessop, Sam Lessin and Michael Karnjanaprakorn to its board of advisors.

Ampleforth, formerly Fragments, is a digital asset protocol for creating fair, independent money. The Ampleforth protocol moves volatility from unit price to unit count and achieves price stability by algorithmically expanding and contracting supply among holders based on demand. It previously raised $4.75 million in funding to finalize development of the protocol from Brian Armstrong, True Ventures, Founder Collective, Slow Ventures, Pantera and FBG.

Noah Jessop is a successful entrepreneur and venture capitalist, having led CommandIQ to an acquisition by Publishers Clearing House (PCH) in 2015. He served as the Head of Data at PCH before joining the seed-stage fund, Founder Collective, to advise blockchain startups.

“Many people are curious crypto,” said Jessop. ”They’re wondering if it’s the next internet or wondering where the developers are building and it’s an interesting thread, but it’s a far more economic and global phenomenon than is generally accepted. Ampleforth is allowing us to question a lot of the systems that society uses to network itself and that technology has never been able to evolve.”

Sam Lessin is currently the co-founder and CEO of Fin, a virtual personal-assistant company, and serves as a partner at leading Silicon Valley firm, Slow Ventures, working with some of the world’s most innovative companies, including Pinterest, ClassPass, Casper, TaskRabbit, and Postmates. He’s also an avid investor in the future of money and has personally participated in funding rounds for Ripple, Robinhood, and Venmo. Prior to Fin, Sam served as the former Vice President of Product Management at Facebook. In his down time, Sam writes a bi-monthly column for The Information called Modest Proposals.

Michael Karnjanaprakorn is a serial entrepreneur who is currently working on a new company called Otis, a marketplace for alternative investments. He’s the founder and chairman of Skillshare, an online learning community for creators, and helped grow the platform to 7M+ members, $50M+ raised, and 25K+ classes. Previously, Michael was an early employee at Hot Potato, a check-in service that was acquired by Facebook, and Behance, an online platform that enables creative professionals to showcase and discover creative work via online portfolios that were acquired by Adobe. Michael is an angel investor in Notion, 88 Rising and Hashgraph and enjoys getting involved with companies he feels passionate about.

“We have been overwhelmed by the amount of support that our advisors have provided us,“ said Evan Kuo, CEO and founder of Ampleforth. “Noah, Sam, and Michael all have unique work experiences and the team is excited to bring them on to help us identify strategic opportunities.”