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The Network Effects Map continues to help @NFX founders see what others do not and max their efforts to build the dominant companies in their sectors.
James Currier
2,140 posts
James Currier
@JamesCurrier
- After investing in 60+ marketplaces, we made a list for Founders of the 19 tactics we’ve seen to solve the classic chicken-or-egg problem. What comes first, supply or demand? The solutions were often counter-intuitive. @NFXGuild @GigiLevy @peteflint.
- Fundraising is not natural. As a Founder of 4 VC-backed companies & now a VC, it's painful to see great Founders get tripped up by counterintuitive realities of pitching. Today I'm sharing 16 non-obvious pitching lessons that make a critical difference.
- Thread: What city you live in. Who you date or marry. Which job you choose. We think we make these choices ourselves. The unseen hand in them all is the networks that surround us. Networks are key to life's 7 big crossroads:
- Today we're releasing the Network Effects Bible: a comprehensive collection of terms & insights related to network effects, all in one place. Very excited to finally publish. A great effort by the whole team @GigiLevy @peteflint @NFXGuild
- As a Founder I learned that growth for your startup takes personal growth, too. There's no company transformation without personal transformation. Highest return for your company is often investment in yourself.
- Our new $450M Fund 3 @NFX is the largest pre-seed & seed-only fund in the world. We don't do Series A's. We're here to be your first investor and have the firepower to really have your back, including 45 employees and software systems.
- As a 4-time Founder, here's a big thing I learned when fundraising: Avoid complex investment terms at all costs. If a VC comes at you with a complexity in their terms, walk away. Get money elsewhere. The best deal terms go to those who set their own.
- Silicon Valley is no longer a place. It's now a mindset -- a set of cultural network protocols that power the high density and network efficiency of the tech ecosystem.
- A great startup idea has compounding benefits for you over time. It's a myth that execution is the only thing that matters. Mediocre execution of an excellent idea will often win over excellent execution of a mediocre idea.
- It's a myth that startups are 1% idea & 99% execution. The idea matters, a lot. At @NFX we work w/ many repeat & new Founders at idea stage. After >300 investments, we've seen clear patterns behind A+ ideas. Now we're sharing 5 patterns we've seen:
- Just announced our NFX Fund II $275M. We're doubling-down on seed stage because we think it's the most important stage. And we're fighting for creative-startup culture over money-first culture. nfx.com/post/announcin… @peteflint @GigiLevy @NFXGuild
- I've heard mediocre PM's say: "We can build a product fast, good, OR cheap. Pick two. You can't have all three." This is a corrosive mindset used by bureaucrats to justify mediocrity, or people afraid of failure so they set the bar low. Build your product fast, good, AND cheap.
