Listen ⚡️ DeSci Ep. #5 | An Investor’s Perspective on DeSci—with James Sinka of Orange DAO
“There is still a chance that DeSci doesn't actually work as a space … but it's got enough of the right ingredients for me that I want to actually test this experiment. I want to like contribute my time, contribute my energy, contribute my capital, contribute my mental cycles, because I think there is enough of a chance that it can work and that it can change how we do science.” — James Sinka
Listen to this Episode Here:
ABOUT THIS EPISODE
Why invest in decentralized science?
James Sinka is a classically trained chemist and materials engineer and DeSci investor at Orange DAO, a fund for crypto projects supported by an alliance of Y Combinator alumni.
On this episode of Boost VC, James joins us to discuss where he sees opportunities in DeSci, describing the benefit of publishing null results and how open science helps us get to the truth more quickly.
James explains how the Orange Fund and Orange DAO work together to finance crypto projects and shares his advice to scientist-founders on generating your own luck through action.
Listen in for James’ insight on the first use cases for decentralized science and learn how investing in DeSci can democratize access to research and help rebel scientist-entrepreneurs ship products in the real world!
Topics Covered
How James defines science
Process to uncover truths about world
Not an institution of truth
What attracted James to DeSci
Benefits of publishing null results
Less wasted science effort and money
How James got into crypto
Exposed to Bitcoin in college
Offers financial freedom to bet on self
How Orange DAO works
$50M fund for crypto projects
Y Combinator alum support efforts
James’ advice for founders
Bias toward action
Be willing to be wrong
Where James sees opportunity in DeSci
Free flowing access to information
Get to truth more quickly
What’s wrong with academic science now
Research for prestige, not passion
Value determined by citation numbers
How the Alzheimer’s fraud happened
Conflict of interest at NIH
No reverse accountability system
What inspires James to invest in DeSci
Push boundaries of scientific research
Help scientists build real products
James’ take on the first use case for DeSci
Data warehousing (null results)
New forms of publication open to all
James’ definition of success
Time, space and resources
Ability to do what you love
Connect with James Sinka
Orange DAO https://www.orangedao.xyz/
Orange DAO on Discord https://discord.com/invite/DVncb7UxGB
Orange DAO on Snapshot https://snapshot.org/#/orangedaoxyz.eth
Orange DAO on Etherscan https://etherscan.io/token/0x1bBD79f1Ecb3f2cCC586A5E3A26eE1d1D2E1991f
Orange DAO on OpenSea https://opensea.io/collection/alumni-gems
Orange DAO on Twitter https://twitter.com/OrangeDAOxyz
James on Twitter https://twitter.com/jamessinka
Resources
Through the Wormhole https://www.imdb.com/title/tt1513168/
Y Combinator https://www.ycombinator.com/
NEAR Protocol https://near.org/
Algorand https://www.algorand.com/
Blockchain Capital https://blockchain.capital/
The Memo by Howard Marks https://link.chtbl.com/thememobyhowardmarks
Multicoin Capital https://multicoin.capital/
Solana https://solana.com/
Exploring Decentralized Science with Balaji Srinivasan https://www.youtube.com/watch?v=xrcRI_hYDtQ
Naval https://nav.al/
Brian Armstrong https://twitter.com/brian_armstrong
Epsilon3 https://www.epsilon3.io/
Benchling https://www.benchling.com/
Amplitude https://amplitude.com/
Sci-Hub https://sci-hub.se/
Patrick Joyce on the Boost VC Podcast https://www.boost.vc/bvc/2022/08/04/desci-ep-2-addressing-the-misalignment-of-incentives-in-science
DeSci Labs https://desci.com/
Adam Draper
Managing Director at @BoostVC // Seed investor in @Coinbase, @Amplitude_HQ, @Benchling, Wave Mobile Money // Board Member of @Skybound I like comic books. #Bitcoin