We ask the buidlers within the blockchain and cryptocurrency sector for his or her ideas on the trade… and throw in a number of random zingers to maintain them on their toes!
This week, our 6 Questions go to Nikki Farb — an lively investor and advisor to know-how corporations who’s presently a enterprise companion at Headline, a enterprise capital agency.
I put money into shopper tech (with an actual love for marketplaces) and Web3. I’ve invested in Consensys (MetaMask), AfterParty, Fractal, Aloft, Wander, MarketerHire, SudShare and some others I can’t share simply but.
Earlier than investing, I co-founded Darby — a video procuring app that related creators and their followers. It was such a journey. We constructed Darby as much as 50,000 creators making movies for five million viewers. Working with the group at Darby was one in every of my biggest privileges. We have been acquired by Grove Collective.
Previous to Darby, I used to be at Goldman Sachs within the Funding Banking Group. I realized fairly a bit. Particularly as a result of I used to be an English instructor proper out of school.
1 — What has been the hardest problem you’ve confronted in our trade thus far?
There are two challenges that come to thoughts. The primary is that it’s a loud trade. It’s difficult to face the powerful questions: What’s the basic motive that this trade is flourishing? What’s a novel use case of the tech? Discovering the sign by the noise is an important factor you are able to do as an investor, because it impacts how you employ each your money and time. I’ve that reply now; with out it, you run the chance of dropping some huge cash.
The second is the pitfall of rallying round a detrimental message. One of many quickest methods to achieve this area as a feminine investor is to scream that it’s a boy’s membership. That type of negativity thrives on social media, the place a number of crypto conversations happen. If I wished to be self-serving, I’d say that and construct up my platform, however I don’t consider it and it’s not the trail I wish to select. In case you say the message sufficient occasions, it might develop into a fact, after which we later damage ourselves by being excluded from one of the crucial essential technological improvements and the quickest approach to even financial outcomes. In case you fall right into a detrimental message, it solely hurts outsiders, not the insiders. We, as a part of this trade, get to decide on how this phenomenon performs out. Why would we select to name it a boy’s membership?
2 — Do you subscribe to the thought of Bitcoin as a method of cost, a retailer of worth, each… or neither?
For Bitcoin — as a retailer of worth. Whereas there was a battle 4 or 5 years in the past on what it might develop into, it has performed out to be a retailer of worth, and I believe that’s the correct consequence. I do see another cryptocurrencies like Ether and Solana as a method of cost.
3 — Do you assume governments will attempt to kill crypto?
What a spicy query! I believe sure as a result of crypto degrades governments’ energy, and anybody that has energy is vulnerable to eager to reclaim it — although not everybody will pursue that path. So, I believe it’s inevitable that some governments someplace will attempt to kill crypto. As for which authorities and the way far they take it — who is aware of? That’s a film, proper there. I believe some will embrace it wholeheartedly and attempt to make it fly, particularly these with unstable currencies. However for now, it’s manner too early to imagine. What’s unimaginable about crypto is that it has the potential to decentralize energy and provides rise to economies which are struggling. There’s good and evil in it, similar to with some other technological innovation. It should all rely on how individuals use it, and I wish to steer in that route, which is why I select to put money into the area.
4 — What have been you want in highschool?
Confused, however I made it by! I graduated highschool in three years as a result of my mother made a take care of me that if I graduated early, I might be an actress for my fourth 12 months as a substitute of going to high school. I used to be additionally kicked out of two faculties in my freshman 12 months as a result of I wasn’t very effectively behaved, so I finally ended up at night time college, the place I later realized I wished to alter my conduct. I made one other take care of my mother that if I obtained a 4.0 GPA in my sophomore 12 months, I didn’t need to go to high school on Mondays, and I did it.
I cherished rap and hiphop tradition, and I used to be additionally very into punk music (my roots are in Orange County). I used to be pleased with my social scene and the quantity of pals I had. My little sister went in every single place with me. She’s three years youthful and my companion in crime.
I had about 30 jobs in highschool as a result of if I didn’t like one thing, I’d simply stop. The one job I’ve ever been fired from is Denny’s, and my favourite job was being the fragrance spray lady in Bloomingdale’s. I got here from a rich household however they later misplaced all of their cash. In highschool, I nonetheless wished to reside the life I grew up in, so I undoubtedly had a hustler mentality and made my manner. I most likely skated the road of prison conduct a number of occasions.
5 — Considering of a favourite poem or musical lyric, what’s it, and why does it converse to you?
There are two that come to thoughts. The primary is a saying that “solely boring individuals get bored.” It’s my philosophy for all times. I actually consider that most individuals get to be the captain of their very own ship, so in case you’re bored, go repair it.
The second is de facto any line from the film The Royal Tenenbaums — two of my private favorites are: “Did you say you have been on mescaline?” “I did certainly. Very a lot so,” and “I’ve had a tough 12 months, dad.”
It’s such an trustworthy, humble and artistic film. I’ve watched it 100 occasions and at all times appear to search out one thing new. The pursuit of individuality, artistic threat — all the characters take artistic dangers — and constructing persona is one thing I’m interested in.
6 — What’s the e book that influenced you probably the most and why?
I’d say Satisfaction and Prejudice. My grandmother truly gave me an unique copy of the e book. It’s one of many first novels I ever learn in highschool. I used to be a really avid reader as a child, and this is likely one of the most grown-up items I can keep in mind studying at that age. To me, it was in regards to the energy of womanhood and the distinctive traits we have now, and the way a lot energy that offers us on this planet. These traits are additionally totally different from those males have. It helped me notice that I used to be a unique human from my dad or different guys, however how that might be highly effective. I used to learn it yearly. I additionally cherished how they’re all sisters and that dynamic.
A want for the younger, bold blockchain neighborhood:
If I share my want, it could not come true!