Mahbod Moghadam, the controversial, never-boring co-founder of Genius and Everipedia, in addition to an angel investor, handed away final month at age 41 owing to “problems from a recurring mind tumor,” based on a publish attributed to his household and revealed on Genius.
The startup world seems to have caught wind of his passing simply this weekend, with quite a few tributes arising on the X platform, together with by former TechCrunch writer-turned-investor Josh Constine, who as soon as interviewed Moghadam and his founders at Genius when the corporate was nonetheless in its relative infancy and referred to as Rap Genius. Wrote Constine: “RIP to Mahbod. A posh, edgy, and at instances problematic man, but in addition genuinely humorous, sensible, and all the time distinctive.”
Moghadam was most just lately residing in Los Angeles, the place, after spending roughly 20 months with the enterprise agency Mucker Capital as an entrepreneur in residence, he was centered partially on determining schemes to assist creators receives a commission extra straight for his or her work.
A type of latest efforts was HellaDoge, a short-lived social media platform that supplied to pay its customers dogecoin for contributing dogecoin-related content material for the advantage of the remainder of the platform’s customers. The ostensible thought was that, not like a Fb or Twitter, which generate advert income for themselves based mostly on the engagement of their customers, HellaDoge’s customers would profit straight from their participation.
In an interview 11 months in the past with the net media outfit In accordance 2 Hip Hop, Moghadam talked a couple of comparable thought for an organization referred to as Communistagram the place, he stated, “you’d join your Venmo and [as a creator] simply receives a commission for utilizing it,” fairly than depend on Spotify or YouTube to obtain cost.
Moghadam’s curiosity in how folks can and will receives a commission dates again to 2009. After graduating from Yale after which Stanford Legislation College, he turned a lawyer simply because the financial system was crashing in 2008. In that very same interview from final 12 months, Moghadam stated he was “simply, like, tiptoeing” across the workplaces of the legislation agency the place he landed his first job and praying he wouldn’t be fired.
When the inevitable occurred – Moghadam stated the legislation agency “ended up principally simply giving us some cash to go away” – he used the cash to co-found Rap Genius with two of his Yale buddies: Ilan Zechory and Tom Lehman.
Initially, the location invited customers to annotate and clarify hip-hop lyrics, finally changing into so well-known that rappers gravitated to the platform to clarify their very own lyrics – in addition to to appropriate customers who’d mangled them – together with the rapper Nas, who turned an advisor and one in every of its first traders.
By the point that Rap Genius graced the stage at TechCrunch Disrupt in Could 2013, the three had landed funding from Andreessen Horowitz and had been on the verge of rebranding Rap Genius as Genius and increasing its remit.
However Moghadam additionally started attracting consideration to the annotation firm for belligerent conduct, each private and non-private. In November 2013, he attributed his poor conduct to a fetal benign mind tumor that was eliminated in emergency surgical procedure. He stored pushing the envelope, nonetheless. Certainly, in 2014, after posting provocative feedback as annotations after a assassin’s manifesto was posted to Genius’s platform, Moghadam resigned on the urging of Lehman, who was the corporate’s CEO.
Moghadam later co-founded Everipedia, a now-defunct decentralized, blockchain-based encyclopedia that allowed customers to create pages on any matter so long as the content material was impartial and it was cited.
Because it was winding down, he joined Mucker Capital.
Trying again, Moghadam expressed dismay that Genius contributors weren’t paid for serving to to construct out the platform. “The one motive Genius can get by with doing slave labor for lyrics is as a result of folks love music a lot,” he stated throughout final 12 months’s interview with In accordance 2 Hip Hop.
Both means, the corporate fell in need of its ambitions, failing to broaden far past its core viewers of rap followers and unsuccessfully suing Google for copying and posting its lyrics on the prime of search outcomes to seize customers who may in any other case have visited Genius.
In 2021, it offered for $80 million – lower than half it went on to boost from enterprise traders – to a holding firm.
Whereas Moghadam by no means reached the identical heights professionally as throughout the early days of Genius, he remained extremely regarded by lots of Genius’s most ardent followers, showing on a wide range of podcasts the place enthusiastic hosts fawned over him.
Moghadam additionally by no means forgave Lehman and was nonetheless attempting to sue the corporate as of final 12 months in an try to “squeeze some juice from this rock,” he stated in that interview final 12 months.
Slamming the brand new house owners of Genius, Moghadam had added that “at the very least the [original] CEO [Lehman] straight up constructed Genius along with his personal two fingers. He’s a nerd. That’s the one advantage of him.”
