Why NFX: Interviews, Careers, & Portfolio

NFX Overview

NFX (which stands for network effects) is a venture capital firm that exclusively invests in pre-seed and seed stage startups with an average check size of $1M to $5M.

Their eight area of focus includes:

• Bio
• Gaming
• Generative AI
• PropTech
• Space
• Marketplaces
• FinTech
• Crypto

Whenever NFX invests, they also grant founders access to their entire team. The business also gets support in content, building software, data products, and events.

Portfolio companies of NFX also get to join The NFX Guild – an invite-only network of 500+ leading founders.

NFX was founded in 2017 by James Currier and has headquarters in San Francisco, California.

NFX AUM

While information about NFX’s assets under management are not publicly available, their Fund III is known to be approximately $450 million.

NFX Interview Process & Questions

Each candidate may go through a slightly different interview process. But, if you interview at NFX (or a firm like it), you’ll most likely experience the following:

• More or less five rounds of interviews
• Junior investment professionals or the HR team will be the ones interviewing you during the initial rounds, while more senior staff supervise the later rounds
• The whole interview process can take weeks – unless it’s on-cycle or on-campus recruiting

Expect the interviews at NFX to be a combination of behavioral questions, fit questions, and investing / technical questions.

If you’re looking for detailed and structured interview preparation material, you may find my Growth Equity Interview Guide helpful.

Why NFX

Most (if not all) interviewers will ask you the “why this firm” question.

If you’ve attended networking events and had the chance to meet their employees, this is the perfect time to mention whoever you’ve met and mention how they’ve positively influenced your decision to apply at the firm.

It’s also a good practice to know more about the firm. For this I’d suggest listening to interviews with its investors, founders, and key personnels.

To help you get started, here’s Omri Amirav-Drory, General Partner at NFX, sharing everything he learned as a Founder and Investor:

More Interviews

• Gigi Levy-Weiss, Managing Partner at NFX, shares what it takes to be a strong startup CEO
• NFX General Partner James Currier shares his perspective on investing in the future of generative tech

NFX Case Study

Case studies almost always show up during interviews. That’s because case studies reveal a candidate’s level of technical knowledge and communication skills.

Most case studies at firms like NFX are about investment recommendations and financial modeling. However, junior roles are also often tasked to perform a cold calling case study as well.

I’ve discussed case studies in great detail inside my Growth Equity Interview Guide.

NFX Salary & Compensation

According to Glassdoor, NFX offers an annual salary of $97K – $152K to their analysts, while there’s no recent salary information for associate hires.

Salaries vary depending on several factors such as location, education, experience, and more.

Analyst

NFX Careers, Jobs, & Internships

To view the latest opportunities at top growth / VC firms, including NFX, head over to our job board.

NFX Portfolio & Investments

According to Crunchbase, NFX has made 386 investments across five funds. Some of their notable deals include Utila, Overmoon, and ScaleOps.

Notable Transaction: PVML

PVML is a company which provides a data access platform that helps grant access, connect, and ensure privacy for multiple data sources.

In April 2024, PVML raised $8 million in Seed funding.

NFX led the funding round, with participation from Gefen Capital and FJ Labs.

PVML plans to use the investment to improve their platform, promote brand awareness, and help more organizations get AI-powered and secure data access.

Next Steps

If you’re interested in pre-seed and seed stage investments, NFX could be the perfect firm for you. To increase your chances of securing a role at their firm, I highly suggest you check out my Growth Equity Interview Guide.

It covers topics that typically show up during interviews such as financial modeling, case studies, and more. Start preparing for interviews today!