The New College Grad Giving Artists Their Due

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When charliejarvisny, then a student at Stanford, helped launch art-tech company fairchainHQ in 2019, she didn’t know how often artists miss out on future purchase royalties. Now, she and co-founder Max Kendrick work to make sure artists get their due

who were finally getting their time in the spotlight, finally having their works go for millions of dollars at auction,” she says. “When I learned about the compensation structures, that those artists weren’t getting compensated from those grand auctions, I thought to myself,. That definitely felt like a lightbulb moment.”

” in a sexy industry — a “simple solution,” she explains, “that respects a lot of the norms of the market,” while adding “an important layer of equity and accessibility for artists, galleries, and collectors alike.”I met Max, my co-founder, at Stanford. I was studying computer science and then, separately, taking art classes on the side.

We are definitely a venture-funded business. We started off using our savings, but the first bit of money we got by doing a big friends-and-family round, and really quickly that expanded to artists investing, academics, operators, former mentors — our first investors were people who really believed in our mission and had a depth of knowledge in some realm that was advantageous to business. They ended up being this power circle of people I really admired.

. I used to think that it was this scary, PowerPoint presentation to a boardroom full of investors; now, I really think of it as a fun, two-way conversation between potential ideological partners. Now, I’m not scared of it at all and I kind of find it fun.

 

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