In this conversation, Jarrod Arnold interviews Joe Edmonds about his background and his work in the blockchain industry. They discuss the concept of blockchain and its potential impact on various industries, including real estate. Joe provides an overview of his firm, Blockchange Ventures, and how they invest in blockchain projects. They also talk about the importance of taking risks early in one's career and the process of evaluating risk. The conversation highlights the significance of concentration, both in terms of risk and focus, in achieving success. In this conversation, Joe Edmonds discusses the importance of investing in blockchain technology and the criteria his firm uses to evaluate potential investments. He emphasizes the need for businesses to have a genuine need for blockchain and the potential risks of investing in industries outside of one's expertise. Joe also shares insights on the value of mentorship and the role it has played in his career. He highlights the importance of finding mentors at different stages of one's career and the responsibility of paying it forward. Additionally, Joe discusses the challenges and benefits of running a lean operation and the need for a solid foundation when moving fast and taking risks. Finally, he expresses his excitement about the future of blockchain technology and its potential to disrupt various industries.

Takeaways

• Blockchain is a technology stack that enables efficient value transfer and has the potential to revolutionize various industries, including real estate.
• Taking risks early in one's career, especially in industries with high growth potential, can lead to valuable learning experiences and career opportunities.
• Concentration, both in terms of risk and focus, is important for success. It involves putting all your eggs in one basket and being solely focused on a specific industry or topic.
• Evaluating risk involves considering factors such as the difficulty of returning to the alternative option and potential regrets.
• Having a mentor and being in the right industry at the right time can greatly contribute to career growth and success.
• The process of evaluating risk should involve availability, affability, and ability, with availability being the most important factor.
• Concentration in personal life, such as in relationships, can also be a form of risk and focus.
• The blockchain industry has seen both experienced investors and newcomers, and the latter group often faces challenges due to lack of concentration and experience. Investing in blockchain requires a genuine need for the technology and a deep understanding of the industry.
• Mentorship is crucial for personal and professional growth, and it is important to find mentors at different stages of one's career.
• Running a lean operation requires balancing operational logistics and maintaining a solid foundation.
• Moving fast and taking risks is essential for success, but it is crucial to have a strong foundation to minimize potential negative consequences.
• Blockchain technology has the potential to disrupt various industries and become an integral part of everyday life.

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This podcast is sponsored by Excelsior Capital. To learn more about the firm please visit our website HERE.

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