AMA with @linda starts now!
Linda started her crypto career as a PM @ Coinbase in 2014 and then started investing in the ecosystem through Scalar Capital in 2017.
She's also the co-producer of The Infinite Garden (Ethereum documentary).
Currently, she's working on building Bountycaster!
- What was the initial spark for the Infinite Garden project? How did it get started?I love helping make crypto more accessible for a wider audience and felt like a documentary would be one of the best methods. Put a tweet out there and chatted with 20+ people in the doc space to learn. Then @tim connected me a team just about to start an Eth doc! https://twitter.com/ljxie/status/1394428041187758089
- Wen documentary release?This year, will premiere at a film festival first so depends on which festival we get accepted to and go with
- what makes your soul dance of joy?I love when really talented, hard-working people get recognized for their work and get opportunities as a result. Why I loved that Coinbase hired talented people regardless of their backgrounds early on, why I loved investing in early-stage founders even if it was a non-consensus bet, why I love working on Bountycaster
- What was the most important lesson you learned while working Coinbase in the early days?How important it is to stay calm and mission-focused during difficult times. Brian always stayed calm no matter what happened and Fred was always inspiring with how the world could be improved with crypto
- Current biggest problem in the space from both/either the consumer/business side?That's really tough since can list a lot of things depending on what people are building but lack of regulatory clarity is a really big one for me - causes well intentioned people to not build things that would actually benefit users / wider crypto space or make non-optimal decisions out of caution / lack of info
- What’s something you learned only from experience in your nomadic lifestyle?This one is a personal learning but I learned from nomading that being in different surroundings regularly actually gives me energy because I'm always learning/discovering something new https://warpcast.com/linda/0x2106462a
- how/why did you choose crypto as your career?I grew up hearing stories from my parents about the Cultural Revolution in China when the government took almost everything from them. Was very aware of how gov control can impact people arbitrarily. Interested in the idea of decentralized currency but thought Bitcoin was sketch until Coinbase (then asked to join them)
- how much focus and priority are you putting into off-platform experiences versus on-platform ones? i.e. will users be lead into your ecosystem or will they live within clients after initial setup, like a Slackbot?For now to test things out and bootstrap a 2 sided marketplace, perfectly happy to live within other clients mostly. Over time we need specialized features that are specific to bounties e.g. reputation system, spam filtering, etc so will need to build out our own client
- What needs to happen so that we can all pay for rent and groceries with stablecoins?Many things including easier to onboard/offboard quickly with stablecoins for non-crypto savvy users, more education / willingness to accept stablecoins, transaction fees on L2s need to be even lower
- Investment you're most proud of and why?Tough question but one that comes to mind is my first angel investment was in dYdX. It was when Antonio was leaving Coinbase to start it (I was still at Coinbase then). Feedback cycles in angel/venture investing are really long but that was the first time I felt like I could trust my gut on investing in people
- Why building bounty caster?@pirosb3 and I are both extremely excited about addressing the whole talent is equally distributed but opportunity is not (Daniel moved to the US for a job, my parents moved to the US for grad school). We want to help talented people anywhere get paid for their work, crypto enables these payments globally + instantly
- What are your best tips for living out of one bag? What have you learned from the experience? How should normies who want to travel lighter get started?Anytime you want to pack something in case you might need it you usually don't need it and if you do, you can always buy it where you are (besides certain medicine / emergency stuff). So I default to don't pack it I've learned how little I need to live with and actually enjoy that aspect (less decision making)
- What keeps you motivated?I have such deep conviction that crypto will provide more equality of opportunity for people regardless of where they live that I get excited every day to work in this space
- What’s an unexpected learning about what documentary production is like?Honestly just how long it takes to make a film! I originally thought documentaries get started and finished way faster but learned that 10 minutes of finished footage is about 1 month of editing work (on top of filming) for a feature film
- Is there anything you're eager to discuss or share that hasn't been brought up in the questions so far? And thanks for doing the AMA ☺️Good question! Probably some spicy questions about the VC space :P
- Awesome, what's your favorite thing to do for fun?I've gotten really into birdwatching this past year. Find it to be a really relaxing activity, gets me out into nature and exploring / noticing things I wouldn't have otherwise seen
- How big was Coinbase when you started and when you left?Coinbase was 30 people when I joined and ~150 people when I left (started feeling Dunbar's number at play and knew it was time for me)
- What do you prefer: building or investing?Building by a long shot :)
- what has been the most surprising thing that comes to your mind when building bountycaster? :)It's fun seeing user behavior we didn't think of (why we love getting things out there quickly to experiment). When we launched we were expecting pretty straightforward 1:1 bounties e.g. dev work but the most common use has been 1 to many bounties where people want to get user feedback / testing on their products
- hi linda!!! how different is your day to day building Bountycaster from building Scalar? What are you enjoying most, and what's been the biggest surprise so far?Very different - people that I'm servicing now are all external users many who I didn't know before vs longer relationship with LPs and portfolio co founders I love user interviews, really fun for me to hear from people about what they like and don't like about the product and give us new ideas we hadn't thought of
- Any cast length insight from your convo with Michael Nielsen?I don't think I can summarize my learnings in a cast length but in terms of observing Michael, it was fascinating to me how low of an ego he had for someone at his level and that was really inspiring to me
- From your experience product-managing (and other “herding cats” type experiences) how does it compare with the management of getting a film made? Highly creative people making a “thing” sounds like software 😅. Are there overlaps? (Also, is it out yet, and if so where can I get it?) Thanks Linda.I don't do much herding cats on the doc but I've seen a lot of it. I think there's a huge overlap coordinating a lot of people with diff perspectives, prioritizing requests, keeping things on track. I even thought when I first started that a director role reminded me of an engineer and producers reminded me of PMs
- What advice do you have for people looking to become an angel investor?Make it clear to your smart friends who are starting a company or want to start one that you'd be interested in angel investing in it. A lot of times people don't know it's something that you do It helps to have areas of specialty / experience where you can help them, so highlighting that when you offer always helps
- Why should an amazing founder/team take on outside investment money vs bootstrapping?Depends on circumstance e.g. founder(s) have kids and don't have funds to bootstrap, tackling a business that requires a large amount of capital upfront, limited funds to bootstrap For us, we're fortunate to be able to bootstrap and plan to raise if we figured out a sustainable business model and just want to scale it