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

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