PRIVATE BETA — FOUNDER ACCESS ONLY/INVESTORS PERMANENTLY EXCLUDED/VERIFIED FOUNDERS ONLY/PRIVATE BETA — FOUNDER ACCESS ONLY/INVESTORS PERMANENTLY EXCLUDED/VERIFIED FOUNDERS ONLY/PRIVATE BETA — FOUNDER ACCESS ONLY/INVESTORS PERMANENTLY EXCLUDED/VERIFIED FOUNDERS ONLY/PRIVATE BETA — FOUNDER ACCESS ONLY/INVESTORS PERMANENTLY EXCLUDED/VERIFIED FOUNDERS ONLY/PRIVATE BETA — FOUNDER ACCESS ONLY/INVESTORS PERMANENTLY EXCLUDED/VERIFIED FOUNDERS ONLY/PRIVATE BETA — FOUNDER ACCESS ONLY/INVESTORS PERMANENTLY EXCLUDED/VERIFIED FOUNDERS ONLY/PRIVATE BETA — FOUNDER ACCESS ONLY/INVESTORS PERMANENTLY EXCLUDED/VERIFIED FOUNDERS ONLY/PRIVATE BETA — FOUNDER ACCESS ONLY/INVESTORS PERMANENTLY EXCLUDED/VERIFIED FOUNDERS ONLY/
← Fund Intelligence
DOSSIER // VERIFIED INTEL

NFX

San Francisco, CANFX
0
Truth Cards
0
Partners Rated
Avg Score
Get Access
Access Level
◈ Truth Cards
0 VERIFIED

No verified intel yet.
Be the first founder to leave a truth card.

Request Founder Access →
Dossier Summary

No summary available yet.

Classification
Slugnfx
HQSan Francisco, CA
Stage FocusPre-seed ($1M-$2M) and seed ($2M-$5M) with strong prefere…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

NFX is the real deal - they're actual operators who built and sold $10B+ worth of companies before becoming VCs. Unlike many funds that just talk about 'value-add,' they've built 7 software products from scratch to help founders and run one of the most connected portfolio networks in early-stage VC. Their obsession with network effects isn't marketing fluff - it's their genuine competitive advantage and they've proven it works with 25+ unicorns. The partners are legitimately helpful post-investment, not just check-writers. Warning: they're picky as hell (0.4% acceptance rate) and if your business doesn't have network effects potential, don't waste your time.

KEY TAKEAWAYS
  • Best for: Network effects businesses and founders who want genuinely useful operational support
  • Watch out for: Extremely selective - if you don't have clear network effects, skip them
  • Known for: Ex-founder partners, proprietary growth frameworks, and The Guild founder network
Investment Thesis

NFX invests in pre-seed and seed companies where network effects drive defensibility and long-term value creation. They focus on 'visionary, anti-normal' founders building market-transforming businesses with clear network effects dynamics across AI, bio, gaming, proptech, marketplaces, fintech, and crypto.

Stage & Sector Focus

Pre-seed ($1M-$2M) and seed ($2M-$5M) with strong preference for network effects-driven businesses. Active across bio/biotech, AI/generative AI, gaming, proptech, space, fintech, marketplaces, and crypto. Geographic focus on US, Israel, Latin America, and Europe.

Notable Portfolio
DoorDashLyftTruliaMammoth BiosciencesPatreonMarqetaGlobal-eSimilarweb
Key Partners
James Currier
General Partner

Co-founded and was CEO of four successful venture-backed companies. Thought leader on network effects and co-invented much of modern 'growth hacking.' Known for his frameworks and content creation. Founders appreciate his product expertise and growth insights.

Pete Flint
General Partner

Co-founded Trulia (sold to Zillow). Brings deep consumer internet and marketplace expertise from 20+ years of hyper-growth business experience. Known for his operational guidance and understanding of scaling challenges.

Morgan Beller
General Partner

Co-founder of Facebook's Libra project and former Head of Strategy for Novi. Previously at Andreessen Horowitz and Medium. Joined NFX in 2020 with deep web3, crypto, and network/marketplace expertise.

Gigi Levy-Weiss
General Partner

Named Israel's #1 Angel investor. Splits time between Israel and Bay Area. Strong operational background as founder, CEO, and investor. Known as an excellent teacher and coach, particularly for Israeli tech ecosystem.

Have a specific question about NFX?

Ask Bernie →
INVESTOR ACCESS PERMANENTLY DENIEDBERNBOOK // DOSSIER v1