Source: NFX’s James Currier: Where unicorn ideas come from and why founders ‘have to keep pivoting’
Summary
NFX Founding Partner James Currier suggests that startups that become billion-dollar companies have three basic forms of defensibility: network effects, embedding, and data loops. He advises founders to avoid market risk and find things that people want and do a better job at it, rather than aim to create something new and original.
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