Date: 2017-11-18 16:10
Flint, and the other cofounders of venture capital firm NFX, are on the hunt for “network effects” — products that increase in value as more people use it. That’s what propelled Microsoft's Windows operating system to become the dominant computing platform , years before the internet was a factor. And more recently, it’s the secret to the success of giants like Facebook, Airbnb and Uber among others.
NFX recently closed a $655 million fund to invest in early-stage startups that fit the bill. The firm says it has identified 68 types of network effects, in industries ranging from synthetic biology to machine learning and blockchain.
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The product development effort is being led by Amy Lin, the former CEO of online education startup Blendspace and a former Microsoft employee. NFX plans to beef up its current team of 67 engineers to 75 next year, building more tools for things like hiring and fundraising.
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