We ask the buidlers within the blockchain and cryptocurrency sector for his or her ideas on the trade… and throw in a couple of random zingers to maintain them on their toes!
This week, our 6 Questions go to Nikki Farb — an energetic investor and advisor to know-how firms who’s at the moment a enterprise associate at Headline, a enterprise capital agency.
I spend money on client 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 crew at Darby was one in every of my best privileges. We have been acquired by Grove Collective.
Previous to Darby, I used to be at Goldman Sachs within the Funding Banking Group. I discovered 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 to this point?
There are two challenges that come to thoughts. The primary is that it’s a loud trade. It’s difficult to face the robust questions: What’s the elementary purpose that this trade is flourishing? What’s a novel use case of the tech? Discovering the sign via the noise is crucial factor you are able to do as an investor, because it impacts how you utilize each your money and time. I’ve that reply now; with out it, you run the danger of dropping some huge cash.
The second is the pitfall of rallying round a destructive message. One of many quickest methods to achieve this house as a feminine investor is to scream that it’s a boy’s membership. That kind 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. If you happen to say the message sufficient occasions, it might develop into a reality, after which we later damage ourselves by being excluded from one of the crucial essential technological improvements and the quickest solution to even financial outcomes. If you happen to fall right into a destructive 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 fee, 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 will develop into, it has performed out to be a retailer of worth, and I feel that’s the fitting consequence. I do see another cryptocurrencies like Ether and Solana as a method of fee.
3 — Do you suppose governments will attempt to kill crypto?
What a spicy query! I feel sure as a result of crypto degrades governments’ energy, and anybody that has energy is inclined to desirous to reclaim it — although not everybody will pursue that path. So, I feel 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 feel some will embrace it wholeheartedly and attempt to make it fly, particularly these with risky currencies. However for now, it’s means too early to imagine. What’s unimaginable about crypto is that it has the potential to decentralize energy and provides rise to economies which can be struggling. There’s good and evil in it, identical to with another technological innovation. It can all rely upon how individuals use it, and I wish to steer in that path, which is why I select to spend money on the house.
4 — What have been you want in highschool?
Confused, however I made it via! I graduated highschool in three years as a result of my mother made a cope with me that if I graduated early, I could possibly be an actress for my fourth yr as a substitute of going to highschool. I used to be additionally kicked out of two colleges in my freshman yr as a result of I wasn’t very properly behaved, so I finally ended up at evening college, the place I later realized I wished to vary my habits. I made one other cope with my mother that if I acquired a 4.0 GPA in my sophomore yr, I didn’t must go to highschool on Mondays, and I did it.
I liked 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 buddies I had. My little sister went in every single place with me. She’s three years youthful and my associate in crime.
I had about 30 jobs in highschool as a result of if I didn’t like one thing, I’d simply give up. 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 dwell the life I grew up in, so I positively had a hustler mentality and made my means. I most likely skated the road of felony habits a couple of occasions.
5 — Pondering 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 really consider that most individuals get to be the captain of their very own ship, so if you happen to’re bored, go repair it.
The second is actually 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 yr, dad.”
It’s such an trustworthy, humble and artistic film. I’ve watched it 100 occasions and all the time appear to search out one thing new. The pursuit of individuality, inventive threat — the entire characters take inventive dangers — and constructing persona is one thing I’m drawn to.
6 — What’s the e-book that influenced you probably the most and why?
I’d say Satisfaction and Prejudice. My grandmother really gave me an authentic 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 among 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 now we have, and the way a lot energy that provides us on the planet. These traits are additionally totally different from those males have. It helped me notice that I used to be a distinct human from my dad or different guys, however how that could possibly be highly effective. I used to learn it yearly. I additionally liked how they’re all sisters and that dynamic.
A want for the younger, bold blockchain group:
If I share my want, it could not come true!