We ask the builders of the blockchain and cryptocurrencies sector for their thoughts on the industry … and throw in some random zingers to keep them on their toes!
This week, ours 6 questions go to Nikki Farb – an active investor and consultant in technology companies who is now a venture capitalist at Headline, a venture capital firm.
I invested in consumer technology (with a real love for the marketplace) and Web3. I’ve invested in Consensys (MetaMask), AfterParty, Fractal, Aloft, Wander, MarketerHire, SudShare and a few others that I can not yet share.
Before investing, I founded Darby – a video store program that connected authors and their fans. It was such a journey. We built Darby up to 50,000 authors who made videos for 5 million viewers. Working with the Darby team was one of my biggest privileges. We were acquired by Grove Collective.
Before coming to Darby, I worked for Goldman Sachs in the Investment Banking Group. I learned a lot. Especially since I was an English teacher right after college.
1 – What has been the most difficult challenge you have faced in our industry so far?
There are two challenges that come to mind. The first is that it is a noisy industry. It is challenging to face the difficult questions: What is the fundamental reason why this industry thrives? What is a novel about the use of technology? Finding the mark through the noise is the most important thing you can do as an investor, as it affects how you spend both your time and money. I have that answer now; without it you risk losing a lot of money.
Another is the pitfall of the negative message. One of the quickest ways to succeed in this space as a female investor is to shout that this is a boys’ club. Such negativity thrives on social media, where a lot of cryptic conversations take place. If I wanted to be self-sufficient I would say that and build my platform, but I do not believe it and that is not the way I want to choose. If you say the message often enough, it could become the truth, and then we hurt ourselves by being excluded from one of the most important technological innovations and the quickest way to equalize economic results. If you come across a negative message, it only hurts outsiders, not insiders. We, as part of this industry, get to choose how this phenomenon plays out. Why should we choose to call it a boys’ club?
2 – Do you subscribe to the concept of Bitcoin as a means of payment, value trading, either … or neither?
For Bitcoin – as a valuable store. Although it was a struggle four or five years ago for what it would be, it has proven to be valuable, and I think that is the right result. I consider some other cryptocurrencies like Ether and Solana as payment methods.
3 – Do you think the government will try to kill cryptocurrencies?
What a strong question! I think yes because cryptography undermines the power of governments, and everyone in power is vulnerable to wanting it restored – though not everyone will follow that path. So I think it’s inevitable that some governments somewhere will try to kill cryptocurrencies. As for which government and how far it will take it – who knows? This is a movie, over there. I think some people will take it wholeheartedly and try to make it fly, especially those with volatile currencies. But for now, it’s far too early to expect. What’s amazing about cryptocurrencies is that they have the potential to disperse power and create economies that are struggling. There is good and bad in that, just like with any other technological innovation. It all depends on how people use it and I want to move in that direction and that’s why I choose to invest in the space.
4 – How were you in high school?
Confused, but I got through! I graduated from high school in three years because my mom made a deal with me that if I graduated early I could become an actress in the fourth year instead of going to school. I was also expelled from two schools in the first year because I did not behave very well, so I ended up in evening school, where I later realized that I wanted to change my behavior. I made another agreement with my mom that if I got a 4.0 GPA in the second year, I would not have to go to school on Mondays and I did.
I loved rap and hiphop culture, and I was also very into punk music (my roots are in Orange County). I was happy with my social life and the number of friends I had. My little sister took me everywhere. She’s three years younger and my criminal.
I had about 30 jobs in high school because if I did not like something I would just quit. The only job I’ve been fired from is Denny’s and my favorite job was being the perfume spray girl at Bloomingdale’s. I came from a wealthy family, but they later lost all their money. In high school, I still wanted to live the life I grew up in, so I definitely had a more hypocritical mindset and made my way. I probably shot several times on the line of criminal behavior.
5 – Are you thinking about your favorite poem or lyrics, what is it and why does it speak to you?
There are two things that come to mind. The former is a saying that “only boring people get bored”. That’s my philosophy of life. I truly believe that most people are allowed to be captains of their own ship, so if you’re bored, go fix it.
The second is really any line from the picture Royal Tenenbaum – two of my personal favorites are: ‘Did you say you were on mescaline? “I certainly did. Very much so, “and” I’ve had a difficult year, Dad. “
This is such an honest, humble and creative film. I’ve looked at it 100 times and always seem to find something new. The search for personality traits, creative risk – all characters take creative risks – and personality building is something I am attracted to.
6 – What is the book that influenced you the most and why?
I would say Pride and prejudice. My grandmother actually gave me an original of the book. This is one of the first novels I read in high school. I was a very keen reader as a kid and this is one of the most adult works I can remember reading at this age. For me, it was about the power of femininity and the unique qualities we have and how much power it gives us in the world. These qualities are also different from those of men. It helped me realize that I was a different person than my dad or other boys, but how powerful that could be. I read it every year. I also loved how they are all sisters and that powerful one.
Wish for the young, ambitious blockchain community:
If I share my wish, it may not come true!
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