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NFX’s James Currier: Where unicorn ideas come from and why founders ‘have to keep pivoting’

Are you a seed-stage founder who’s building a unicorn?
NFX Founding Partner James Currier would like to save you some time: Startups that grow into billion-dollar companies have three basic forms of defensibility.
Network effects: Your product becomes more valuable as more people use it.
Embedding: Integrate your services so deeply, customers “cannot rip them out.”
Data loops: Gather, process and act on real-time data.
“This is really only talking about world-changing, big-ass businesses with a lot of impact that could be a billion dollars or more in value,” he said at TechCrunch Early Stage

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