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 episodePlease 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 ScottThe Art of Not being Governed, James C ScottAgainst The Grain, James C ScottThe Death and Life of Great American Cities, Jane JacobsCities and the Wealth of Nations, Jane JacobsThe Unsettling of America, Wendell BerryFor 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!