#334: Spencer Farrar, Partner at Theory Ventures, on Web3 Venture Capital, Funding, and Strategy

Spencer Farrar is a Partner at Theory Ventures. Spencer was a two-sport athlete at Berkeley (swimming and water polo). He then worked at a Web3 startup, Velocity, which processed more than $150m of volume per day, before joining Bienville, a $4b asset investing in early-stage blockchain companies.

In this conversation, we discuss:
- The state of Web3 funding
- Web3 startups
- Venture strategy and liquid strategy in crypto
- AI-based Web3/blockchain companies
- Go-to-market strategy
- Influencers becoming VCs
- Swimming and water polo
- Working in trad-fi
- Similarities between VC and PE
- Supporting portfolio companies
- Web2 vs. Web3 sales

Theory Ventures
Website: theory.ventures
X: @Theoryvc
LinkedIn: Theory Ventures

Spencer Farrar
X: @SpencerFarrar
LinkedIn: Spencer Farrar

 
 
---------------------------------------------------------------------------------
 
This episode is brought to you by PrimeXBT.
 
PrimeXBT offers a robust trading system for both beginners and professional traders that demand highly reliable market data and performance. 

Traders of all experience levels can easily design and customize layouts and widgets to best fit their trading style. PrimeXBT is always offering innovative products and professional trading conditions to all customers.
   
PrimeXBT is running an exclusive promotion for listeners of the podcast. 

After making your first deposit, 50% of that first deposit will be credited to your account as a bonus that can be used as additional collateral to open positions.
 
Code: CRYPTONEWS50
 
This promotion is available for a month after activation. Click the link below:
 
PrimeXBT x CRYPTONEWS50