The Power of Network Effects: A VC Masterclass

NFX, a leading seed-stage firm, focuses on network effects to help founders build successful companies. They offer a master class encapsulating 20 years of learning on this topic. Companies like Mammoth Biosciences and Incredible Health are highlighted as examples of leveraging network effects. Despite economic downturns, NFX remains optimistic, investing with a long-term perspective, focusing on building substantial revenue in real businesses.

What is the primary mission of NFX as a seed-stage firm?

• To create a new social media platform

• To invest in every startup they encounter

• To help 10 million founders through software and content

• To focus solely on fintech companies

Which company is building a platform similar to an operating system in the biotech space?

• Uber

• Incredible Health

• Facebook

• Mammoth Biosciences

What type of marketplace has Incredible Health created?

• A marketplace for cryptocurrency

• A marketplace for nurse labor forces and hospitals

• A marketplace for biotech products

• A marketplace for tech gadgets

How does NFX view the current market downturn in terms of investment opportunities?

• As a period to only invest in established companies

• As a reason to stop investing

• As an opportunity to invest with a long-term perspective

• As a time to focus only on short-term gains

What is the investment horizon NFX is focusing on during the market downturn?

• 7 to 10 years

• 3 to 5 years

• 1 to 2 years

• 11 to 15 years