Thinking big: starting a multi-million dollar investment fund from the ground up - with Allen Farrington of Axiom
Description
Questions? Comments? Episode suggestions? Send us a text message!
#204: Allen Farrington is the co-founder of Axiom, a bitcoin-native venture capital firm. He explains what it’s like working as an investment manager, the hurdles involved in creating an investment firm, and the skills you need to start a business.
What you’ll learn
- [01:33 ] What venture capital means.
- [03:06 ] The difference between private equity and venture capital.
- [04:57 ] How Allen started working in investment management.
- [08:35 ] The benefits of applying to jobs when not under pressure.
- [09:48 ] What it’s like working as an investment manager.
- [13:20 ] How some investment firms treat new employees.
- [15:17 ] How Allen got involved with bitcoin and had the idea to start his own business.
- [22:35 ] Transitioning from working for an investment firm to starting your own firm.
- [23:10 ] The challenges of starting your own business.
- [25:15 ] The levels of wealth you deal with in the venture capital industry.
- [26:58 ] The skills you need to start a business.
- [30:23 ] How to find investors for a new venture capital firm.
- [31:18 ] Unexpected challenges involved in starting a bitcoin venture capital firm.
- [35:27 ] The challenges of sitting on the board of a company you invest in.
- [37:55 ] Common tensions between the founder of a company and its board of directors.
- [40:08 ] The difficulty of creating an effective marketing message.
- [43:12 ] The future for Axiom.
Resources mentioned in this episode
Please note that some of these are affiliate links and we may get a commission in the event that you make a purchase. This helps us to cover our expenses and is at no additional cost to you.
- Seeing Like a State, James C Scott
- The Art of Not being Governed, James C Scott
- Against The Grain, James C Scott
- The Death and Life of Great American Cities, Jane Jacobs
- Cities and the Wealth of Nations, Jane Jacobs
- The Unsettling of America, Wendell Berry
For the show notes for this episode, including a full transcript and links to all the resources mentioned, visit:
https://changeworklife.com/thinking-big-starting-a-multi-million-dollar-investment-fund-from-the-ground-up/
Re-assessing your career? Know you need a change but don't really know where to start? Check out these two exercises to start the journey of working out what career is right for you!
United States
