Inside NFX: The Seed Fund Behind Unicorns like Lyft, DoorDash, and Patreon

How top VCs spot the 20 companies that matter each year and why network effects create billion-dollar outcomes

NFX is one of the most mythical VCs in Silicon Valley. They've invested in 232 companies and 25 have become unicorns which is a crazy metric 🤯

Ruben Dominguez Ibar

and I interviewed Anna Piñol, ex Y Combinator founder & partner at NFX, a Silicon Valley Venture Capital firm with 25 unicorns 🤯

If you want to sponsor Product Market Fit email us at g@guillermoflor.com

Anna Piñol moved to SF for a Stanford MBA and stayed there. She's works & invest with some of the smartest minds in Silicon Valley.

This podcast is a masterclass about Venture Capital and startups.

In it you’ll learn:

1. How to become partner at a top Silicon Valley VC. The path from Amazon Spain to Stanford to leading investments at NFX.

2. How to identify the 20 companies that matter each year. Why VCs focus on extreme outliers and how they filter for them.

3. How to make contrarian bets. Why consensus can be dangerous in venture and how trust inside a fund enables bold decisions.

4. How venture capital really works. Fundraising from LPs, structuring a fund, deciding on follow ons, and why the power law drives every decision.

5. How to build defensibility through network effects. Why 80 percent of tech value comes from them and what it means for founders raising at seed.

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🔒 NFX Growth Guide (for paid subscribers)

If you want to go deeper, I pulled together four resources that NFX partners often reference when evaluating companies.

These are not theory pieces, they are playbooks that founders use to raise capital, design defensible products, and scale growth.

They include:

1. The Network Effects Bible

2. The 16 Types of Network Effects

3. The Upgraded GTM Playbook

4. The 12 Wedges of Growth

Check it out with the free trial (no strings attached), or jump straight into premium if you’re ready for the full scoop👇