Change Work Life

Thinking big: starting a multi-million dollar investment fund from the ground up - with Allen Farrington of Axiom


Listen Later

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!

...more
View all episodesView all episodes
Download on the App Store

Change Work LifeBy Jeremy Cline

  • 5
  • 5
  • 5
  • 5
  • 5

5

23 ratings


More shows like Change Work Life

View all
Built to Sell Radio by John Warrillow

Built to Sell Radio

211 Listeners

Maven Money Personal Finance Podcast by Andy Hart: Personal Finance Expert, Financial Planner, Financial Adviser, F

Maven Money Personal Finance Podcast

10 Listeners

Open Goal - Football Show by Open Goal - Football Show

Open Goal - Football Show

116 Listeners

Feel Better, Live More with Dr Rangan Chatterjee by Dr Rangan Chatterjee: GP & Author

Feel Better, Live More with Dr Rangan Chatterjee

3,763 Listeners

Jason On Firms Podcast by Jason Staats

Jason On Firms Podcast

59 Listeners

The HeelanHub Podcast by Dan Heelan

The HeelanHub Podcast

0 Listeners