NFX recently closed a $150 million fund to invest in early stage startups that can harness the power of network effects.
A venture firm founded by the former Trulia CEO and other tech veterans has raised a $150 million fund to invest in startups.
The firm is hiring a team of engineers to build its own products.
Everyone wants to be an internet entrepreneur these days.
But according to Pete Flint, the cofounder of real-estate website Trulia, the most successful businesses are built on something even more powerful than the internet.
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 $150 million fund to invest in early-stage startups that fit the bill.
Tech: The founder of real estate website Trulia has a new twist on startup investing — and it involves building his own products
