NFX has two HQs: SF and Israel. We've always invested in Israel's top founders. Today we're looking to do even more.
Announcing "Restart Startup Nation: FAST"
$1.5-3M preseed & seed funding
9 days to decision
Open now thru May 2, 2024
Apply here:
Will your startup matter in 10, 20, even 100 years?
What makes a Founder successful vs. consequential?
The legendary
@kevin2kelly
(cofounder
@Wired
& best-selling author) on the unconventional mindset of Founders who will radically shift the future:
A new wave of generative AI companies is already here. But they're invisible on market maps that over-index on incumbents.
So we tapped our network to reveal the up & comers. Early-stage companies showing signs of future greatness.
Meet the AI Hot 75.
Technology favors different skills at different times with a lot of money and status.
We've seen that the rewardable skills are often a match between what the technology allows to be created and distributed, then what the culture at that time values.
Generative Tech is going to make us 200x better at art, music, sales, etc.
But first, it's going to make people uncomfortable.
The best founders will turn the uncomfortable into the routine โ and into $Billion companies.
@JamesCurrier
's roadmap:
NFX's Morgan Beller (
@beller
, co-creator of Libra) shares a behind-the-scenes look at the "why" behind this week's sold-out
@stonercatstv
project: What bigger problems they are solving - and why it had to happen as NFTs.
How much does your startup name matter? While it wonโt make or break your success it can certainly lift you up - or pull you down. Read as
@JamesCurrier
explains how you can give your startup an advantage with a good name:
Does your startup idea matter? Some say it's 99% execution, 1% idea. We disagree.
Great ideas compound your efforts.
Bad ideas waste your life's energies.
Today,
@JamesCurrier
shares 5 frameworks to identify the hidden patterns of great startup ideas.
There are 2 psychological drivers in VC decisions many Founders never see. And the few w/ this insight have an unfair advantage - it's a reliable pattern that makes fundraising less bewildering.
Today we're making these truths known to all. (
@GigiLevy
)
This network effect powered the rise of TikTok, Medium, Craigslist, and more...
It's called Hub-and-Spoke.
We're introducing it as the 16th network effect in our NFX Bible.
@JamesCurrier
details how Founders can build this network effect from day 1:
Thread: Today we're sharing The NFX Founder Library, a curation of the resources we've made publicly available over the last 2 years, all in one place.
This is the "OS" behind $10 Billion in exits from the 10 companies we built across multiple industries & geographies.
Q: What do top Founders know about fundraising that most others do not?
Though rarely discussed, there are **8 key negotiation tactics VCs use** that can drastically shift your outcome.
SEE HOW VCS NEGOTIATE cc
@GigiLevy
Today, the full 11-episode season of The Network Effects Masterclass is open for founders everywhere, for free.
Thanks to 6k+ people from the startup community who helped preview this project prior to launch.
Start watching & let us know what you think:
After investing in/advising >300 top startups like Lyft, Doordash, Poshmark, & Honeybook, we've observed they tend to have the same 9 Habits from an early-stage.
Today we're making the "9 Habits" public to benefit the Founder community. cc
@JamesCurrier
Announcing
@NFX
FAST Seed Funding - Founders can apply for a $1-$2M seed for 15% and get a decision in 9 days.
Startup funding is too slow in normal times & even more so during Covid-19. We're out to change that.
Funding window opens today through May 22:
Most Founders never get an inside look at what it takes to raise VC from the world's top firms. After successfully raising from
@a16z
@nfx
@obviousvc
&
@PrecursorVC
, Incredible Health CEO
@ImanAbuzeid
is making public what lies beneath an A+ fundraise:
When something changes in the worldโs biggest asset class, itโs worth a closer look.
Today, NFX General Partner
@PeteFlint
is releasing his thoughts on the next generation of PropTech.
Real Estate 3.0 is here. Letโs dive in:
AI is transforming marketplace architecture, creating new opportunities:
- Previously unimaginable marketplaces are now possible.
- Startups can challenge incumbents.
@peteflint
on the rise of AI-first marketplaces and the essential deployment tactics:
A shared vision is often necessary for a new ecosystem to emerge, and thatโs what weโre seeing in LatAm.
Today,
@PeteFlint
and
@AnnaPinol_
look at the confluence of growth trajectories, mindsets, and networks emerging in Latin America.
We just announced NFX Fund II at $275 Million. We're doubling down on seed stage - the most important stage. Today we're sharing our plans, & why the more interesting story isn't about a fund at all.
It's about "Why" we're doing NFX.
Thread: Founders are often led to believe VC decisions are 100% business based. *This is untrue.*
As Founders & now VCs, we've seen how pitching can alter the trajectory of fundraising success.
Today,
@JamesCurrier
shares 16 lessons on how to pitch
The less time Founders + VCs spend trying to communicate, the more time they can spend getting to the real meat of the meeting. Thatโs why
@JamesCurrier
is sharing his best practices for fundraising on the Brief. Get to the meeting faster with James' tips:
Not all Founders are the right fit for their startup idea. And yet - "Founder-Market Fit" is one of the most predictive signs of startup success.
There are actually 4 dimensions of Founder-Market Fit. Today,
@jamescurrier
is making them public:
1/ There are 12 pieces of information that VCs want to know right up front before they decide whether or not to take a meeting with a startup.
Today we're sharing 12 questions Founders should be ready for, along with advice from 13 top VCs
Today we're launching Scouts & Angels, an expansion of Signal (the investing network). This group is often the unseen hand in fundraising. Now Founders can quickly find Scouts, Angels, Solo-Capitalists, & VCs - all in 1 place.
Introducing Scouts & Angels:
Paypal nearly died several times. The '08 recession could have ended Trulia. Yet...both emerged stronger from it. How?
Today PayPal co-founder
@davidsacks
(
@craft_ventures
) & Trulia founder
@peteflint
(
@NFX
) share tactics to survive + thrive in a crisis.
Disruptive marketplaces enable participation among non-participants. And to do that, a marketplace has to somehow create a new type of transaction.
@NFX
โs
@JamesCurrier
and
@skominers
discuss their market design, frameworks, strategies, and more
Founders who are fundraising today face increasingly daunting hurdles. So we just made the **NFX Fundraising Checklist** available to all Founders, everywhere.
These are the 13 top proof points to Series A, but it applies to all early-stage fundraising.
Announcing our new $450M Fund exclusively for pre-seed & seed-stage startups.
We are grateful to the Founders weโve already partnered with and excited for what's next.
Traction is important but it is only part of the process to get VCs to โlean inโ says
@msuster
of
@upfrontvc
. Hear how he thinks traction should be presented and how this relates to communicating your company to VCs. Get more advice on traction at
There's a new type of marketplace we're seeing that will unlock enormous value, opening competitive & regulated markets. We call it Fintech-Enabled, where financial services are built directly in the platform.
Today
@PeteFlint
breaks down how they work.
Every iconic tech company in Silicon Valley over the last 25 years has done the same 3 things, says
@JamesCurrier
: Product-market fit, Rapid growth, & Reinforcement.
Yet little is widely shared about Reinforcement.
See what Founders need to know:
Until now, software couldnโt solve the 0 to 1 problem. Thatโs because it has always worked for us, not with us.
Generative Tech is the next level in human-machine partnership.
Some call it Generative AI, but it's going to be even bigger than that.
A great 1-liner can make all of the difference. Check out what NFXโs
@JamesCurrier
has to say about the 4 ingredients needed to quickly describe your startup to VCs.
How does
@mvernal
of
@sequoia
evaluate market size?
Find out the most important variable to Mike when he's deciding whether or not to invest. Take a look:
Leading startups is **hard**. And most Founders don't come with years of leadership experience. Yet we've seen a direct link between leadership skills & startup outcomes.
Today,
@GigiLevy
breaks down the 2 necessary parts of being a Strong Startup CEO.
Twitter, TikTok & Meta make headlines โ but a new generation of TechBio startups is leading the way for the real 100x advancements for humanity.
Today NFX Bio's
@omri_drory
explains the shift from Biotech to TechBio โ and what future it unlocks.
1/ What Does It Take to Build an Iconic Marketplace?
This startup was:
*Rejected by 200 VCs
*Turned down by every payment processor
*Nearly bankrupt
Today Poshmark
@Poshmarkapp
is one of the most successful marketplaces of all time.
Here's why...
Today, our 6 new NFX FAST programs answer the โnow what?โ around our $450M fund.
Apply for pre-seed & seed funding ($500k-$2M) & get a decision inside of 9 days.
We allocated $20M for this. First come, first served.
Applications open now through 10/31:
Behind every iconic startup is a radical, risky idea. Yet Founders today are pushed to become far too risk-averse.
Top Founders know *how* to calculate risk.
Today we're sharing Trulia Founder
@peteflint
's framework for Evaluating Your Startup's Risk:
Weโve spent over 20 years studying the power of network effects.
As founders, weโve built them into companies worth $10B+. As investors, we teach our founders these playbooks.
Now weโre putting everything we know into an 11-episode Network Effects Masterclass.
Coming soonโฆ
NFX stands with black communities in not tolerating hate, racism, and violence. Diversity is what made America possible - and itโs also what makes America great.
โInjustice anywhere is a threat to justice everywhere.โ - Martin Luther King, Jr.
#StandUp4HumanRights
Until now, we've been in a Social Ice Age with few new startups emerging since 2012. But Covid-19 is exposing huge white spaces for new products.
Today
@JamesCurrier
&
@joshelman
break down why now is the best time to start a social/communication company.
Most startups fail because they run out of money before achieving product-market fit (PMF).
And many mistake good acquisition #'s for PMF (when engagement & retention #'s tell the real story).
Today
@GigiLevy
shares 10 places to find product-market fit.
Announcing the 14th Network Effect: **Expertise nfx**
For Founders building tools for professionals, it's critical you understand the counterintuitive properties of Expertise nfx. They can be a powerful foe, or ally.
See how Expertise nfx work:
Announcing the Network Effects Bible - now available to the entire Founder community. This is a reference we believe every Founder should have, a comprehensive collection of terms & insights related to network effects, all in one place.
Web3 will revolutionize how we game and
@AzraGames
is at the forefront.
Today they partner with
@MagicEden
to launch new NFTs giving early adopters access to beta testing, in-game resources, whitelists, and more.
@deantak
at
@VentureBeat
breaks it down
As Founders ourselves, we know how painful the fundraising process can be. So we asked
@PeteFlint
to share all the fundraising advice he learned building
@Trulia
Contrary to popular belief, startup growth isn't a skill - it's a psychology.
Today we're releasing the 5 hallmarks of Growth Psychology by
@JamesCurrier
. These are the mindsets he sees in top Founders, having helped >10 companies get >10 million users.
The Terror Attack on Israel
By
@GigiLevy
, General Partner
@NFX
and Head of NFX Israel
"As many of you know, several members of NFXโs team and some of our portfolio companies are located in Israel. We live here. This is our home..."
Full statement:
The most fascinating discussions in Silicon Valley rarely happen on Twitter. Today we're making one such discussion public to Founders everywhere: Scott Cook of
@Intuit
&
@JamesCurrier
on what top Founders understand about network effects.
Listen in:
We've been bullish on games since the beginning. We're even more bullish now.
-Games have an incomparable ability to grow fast
-The sector is filled with elite product minds
-Generative AI accelerates everything
@gigilevy
reveals the future of games:
Announcing NFX Frameworks for Founders, a collection of frameworks for building tech companies, all in 1 place. Incl. frameworks from
@rabois
@aunder
@rahulvohra
@joshelman
.
Covering: Fundraising, Network Effects, Leadership, Product, Startup Ideas & more.
"Tesla Stock on a Blockchain Offers Hint of Where Crypto's Headed" - See the future in
@NFXGuild
company
@DXdotExchange
, which is reinventing trading w/ virtual shares, allowing traders to trade Apple, Fb, Tesla & others 24x7, even when markets are closed.
What city you live in. Who you date or marry. Which job you choose.
When making life's 7 biggest decisions, are you asking yourself the right questions?
Today
@JamesCurrier
reveals how we can make smarter life decisions by understanding networks.
Every iconic SV company has mastered 3 things: 1) product-market fit, 2) rapid growth, & 3) Reinforcement. Yet โ no one talks about Reinforcement. (cc
@JamesCurrier
)
Founders are eager to apply AI to fields that seem the most ready. But we're noticing a paradox.
Industries with low tech adoption are actually the most ready for AI.
Today,
@beller
and
@_dmuus_
share why AI is poised to "leapfrog" SaaS in these spaces:
The fastest way to build an iconic company is *not* to raise a ton of money & spend it on scale or brand. Rather, it's to design network effects into your startup from day 1.
Watch as
@jamescurrier
whiteboards what you should know about network effects:
Today we're releasing our Top 10 NFX essays to date.
Including:
*Your Life Is Driven By Network Effects
*Why Startup Timing Is Everything
*The Next 10 Years Will Be About Market Networks
*& more
Weekend reading list for Founders here:
Today,
@MoovCo
announced their $40M Series A led by Tiger Global to grow their B2B platform for buying and selling used manufacturing equipment.
This comes only 18 months after we led their $4.4M seed round.
Here are 3 reasons why we invested in Moov:
On the outside,
@Houseparty
may look like an overnight sensation. But on the inside it was an epic journey of product, pivots & perseverance.
Today, Founder
@benrbn
& investor
@JamesCurrier
share what most Founders never hear: the inside story of success.
B2B marketplaces are notoriously difficult to build, and many VCs remain skeptical after a history of failures. But now - that's changing.
@JamesCurrier
has tracked 24 strategies behind today's most successful B2B marketplaces, & just published them here:
.
@peteflint
always asks Founders this question about business model evolution. Find out why it matters, and what you need to know to fundraise successfully.
Silicon Valley loves playbooks. But great Founders do not study "rules" so they can replicate them. They study rules so they can reinvent them.
Today, Keith
@rabois
&
@JamesCurrier
break down the mental models behind
@paypal
@square
@yelp
@SpaceX
+ more.
The last 6 years have been an โice age for social appsโ - but listen to the
@NFX
podcast to find out why
@joshelman
and NFXโs own
@JamesCurrier
discuss why they think a new social era is here & their 3 rules for creating a truly great social product.
As part of our own recent AI hackathon the NFX team spent 48 hours going behind the scenes, house to house, talking with top AI founders about their work โwhatโs hard, whatโs exciting... and what will never be the same again.
This is what we captured.
We've spent the last 4 years nonstop building products & content for the startup community.
Today, thought we'd share the Top 10 Tools we've built for Founders - like Signal, BriefLink, Ladder of Proof, The Network Effects Map, Culture Scorecard & more.
Top Founders know something others do not: when you meet with VCs, don't fixate on getting their money. Learn from them.
Today
@JamesCurrier
shares the winning mindset & 40+ questions to turn your next "pitch" meeting into a high-value strategy session:
As the first-ever NFT game that integrates real-world gaming with Metaverse capabilities,
@KryptomonTeam
is truly driving forward web3 gaming.
See why NFX is leading their $10M funding round along with
@playstudios
,
@Griffin_GP
, and others in
@geektime
:
Announcing NFX Bio -- Led by some of biotech's most successful Founder-CEOs, we partner with Founders at seed stage to build bio platforms that scale at the speed of software. It's not biotech - it's tech-bio.
Meet our team & companies:
Gaming is one of the best use cases for NFTs, as players can buy, earn, and sell collectibles.
Today NFX-backed
@AzraGames
continues to pioneer web3 gaming with $10M in new funding.
Founder
@markotero
speaks with
@FortuneMagazine
:
Google. Netflix. Medium. Reddit. Substack.
@JamesCurrier
calls these "Media Marketplaces". Founders who build them successfully will have a great decade in the 2020s.
Today we're breaking down how they work & what the future of media will look like.
Wartime vs. Peacetime CEO - During a crisis it's not either/or...it's both. The real skill is knowing when, how much & how to lead through it.
Too many Founders are playing defense right now. It's time for offense. Today
@GigiLevy
shares how to execute it:
Announcing The Second Time Founders Manual, an essay collection for Founders starting their 2nd, 3rd, or next company.
This is what we wish we'd known over the 10 companies we founded.
First Up: How Second Time Founders Can Win & Avoid Common Mistakes
Welcome to 2020. Over the last year, we made public some of the highest-leverage insights from the 10+ companies we built as Founders w/ $10 Bn in value created.
And we're just getting started.
Here's a quick reference list:
a) Network Effects (nfx) -
VCs often ask Founders: Are you reinventing an existing market or creating a new one?
But ask yourself: Did Tesla reinvent (Auto) or create (EVs)?
@NFX
GP & Trulia Founder
@peteflint
on how to know where your startup sits & why it's critical to growth:
The biggest startup opportunities are often found where VC interest is low. One area we think VCs are missing - yet Founders are wise to pursue - is *Gaming*.
As Founders w/ >$4 Bn in exits in gaming, we're sharing 6 ways to build iconic game companies:
In a downturn, your mental models need to adjust. The CEOโs psychology is *the greatest leverage* in a companyโs success or failure.
@JamesCurrier
uncovers 8 mental shifts that successfully powered his own startups through 2 downturns to emerge stronger.
Most startups are making cutbacks to survive the downturn. But startups rarely cut their way to success โ they need to grow.
So how can Founders get ahead in this market?
Today
@peteflint
is making public his guide for gaining ground in a downturn.
Since we released the Network Effects (nfx) Manual last year, weโve seen a surge of interest in how to engineer nfx into products from Day 1. So - we compiled all our network effects content in one place. This is 25 years of wisdom, all on 1 site. ๐๐ฝ
Top nodes โ companies, people โ attract more resources: talent, users, $, press.
That's called preferential attachment.
PR for your company works the same way. It snowballs.
@JamesCurrier
&
@vijaychattha
of
@VSCPR
reveal how to kickstart attention:
There is an underlying mechanism in startups that get stronger in downturns - a series of feedback loops run by a team of learners.
@gigilevy
saw this in each startup he Co-founded including Playtika (acq. $4.4 Billion).
Today he shares how they work.
Latin America is one of the fastest-growing tech hubs in the world with a 12x increase in VC funding in 5 years.
Today,
@latitudlatam
raised $11.5M co-led by
@NFX
+
@a16z
to build the network effects needed for a successful startup ecosystem.
"
For Founders, this is what a massive opportunity looks like...and why we are excited about Fintech Enabled Marketplaces.
#TheMarketplaceConference
cc
@peteflint
Viral Effects โ Network Effects. They are often conflated, causing massive failures in strategy.
A Tear-Down of Viral vs. Network Effects by
@JamesCurrier
:
- 6 Playbooks for Virality
- Math vs. Emotion
- The Table of Differences
- How they work together
What does
@hunterwalk
of
@homebrew
say is most important to him when it comes to your traction? Hint: It's actually about a Founders' commitment. Hear his full explanation here: