We ask the buidlers within the blockchain and cryptocurrency sector for his or her ideas on the business… and throw in just a few random zingers to maintain them on their toes!
This week, our 6 Questions go to Nikki Farb — an energetic investor and advisor to expertise corporations who’s presently a enterprise associate 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 buying app that linked 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 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 trainer proper out of faculty.
1 — What has been the hardest problem you’ve confronted in our business to this point?
There are two challenges that come to thoughts. The primary is that it’s a loud business. It’s difficult to face the powerful questions: What’s the basic motive that this business is flourishing? What’s a novel use case of the tech? Discovering the sign by means of 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 destructive 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 kind of negativity thrives on social media, the place plenty of crypto conversations happen. If I wished to be self-serving, I’d say that and construct up my platform, however I don’t imagine it and it’s not the trail I wish to select. In case you say the message sufficient instances, it might change into a fact, after which we later harm ourselves by being excluded from one of the vital necessary technological improvements and the quickest solution to even financial outcomes. In case you fall right into a destructive message, it solely hurts outsiders, not the insiders. We, as a part of this business, 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 could change into, it has performed out to be a retailer of worth, and I believe that’s the proper final result. 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 prone to desirous 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 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, similar to with another technological innovation. It is going to all depend upon how folks use it, and I wish to steer in that course, 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 means of! 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 yr as an alternative of going to high school. I used to be additionally kicked out of two colleges in my freshman yr as a result of I wasn’t very nicely behaved, so I finally ended up at night time faculty, the place I later realized I wished to alter my habits. I made one other take care of my mother that if I received a 4.0 GPA in my sophomore yr, I didn’t must 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 mates I had. My little sister went in all places 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 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 positively had a hustler mentality and made my means. I in all probability skated the road of legal habits just a few instances.
5 — Pondering of a favourite poem or musical lyric, what’s it, and why does it communicate to you?
There are two that come to thoughts. The primary is a saying that “solely boring folks get bored.” It’s my philosophy for all times. I really imagine that most individuals get to be the captain of their very own ship, so for those who’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 sincere, humble and artistic film. I’ve watched it 100 instances and at all times appear to search out one thing new. The pursuit of individuality, artistic threat — the entire characters take artistic dangers — and constructing persona is one thing I’m interested in.
6 — What’s the ebook that influenced you essentially the most and why?
I’d say Delight and Prejudice. My grandmother really gave me an unique copy of the ebook. 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 bear in mind studying at that age. To me, it was concerning the energy of womanhood and the distinctive traits we now have, and the way a lot energy that provides us on the planet. These traits are additionally completely 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, formidable blockchain group:
If I share my want, it could not come true!