EM Group Chat

Recording of the Everything Marketplaces Group Chat #143 (10/24) with James Currier, who's a Founding Partner at NFX. NFX is a leading venture fund that's invested in 80+ marketplaces like DoorDash, Lyft, Poshmark, Outdoorsy, Incredible Health, and more. James is a leading mind when it comes to both network effects & marketplaces and frequently publishes posts about them on the NFX blog.
0:06 Intro
1:28 James's background
3:01 Early founder & operator learnings
5:21 An overview of NFX as a leading venture fund
7:39 How NFX works with early stage founders & marketplaces
10:15 How NFX evaluates marketplaces
13:17 What differentiates the good vs. great marketplaces
15:51 The importance of the white hot center
17:49 Marketplace expansion
21:18 Characteristics & traits of the best founders
23:38 Opportunities with B2B marketplaces
26:04 How marketplaces can leverage AI
27:13 Pitfalls for marketplace founders
29:26 Group Q&A on trends for marketplaces to vertically integrate
32:13 Group Q&A on the impact LLM's will have on marketplaces
34:58 Group Q&A on how metrics driven early stage marketplaces should be
39:10 Group Q&A on benchmarks to raise a Seed round from NFX
41:50 Group Q&A on marketplace defensibility
46:21 Parting advice
James's blog posts: www.nfx.com/li...
James on Twitter: / jamescurrier
NFX: www.nfx.com
Join other marketplace founders & all of our group chats: www.everything...

[@EverythingMarketplaces]

If you enjoyed this chat you can join Everything Marketplaces and access all group chats, community with 2,000+ marketplace founders, and more at www.everythingmarketplaces.com

[@BryanClayton1]

What an absolutely fantastic interview. Thank you so much for having him on.

[@EverythingMarketplaces]

Glad you enjoyed the group chat and it was a real treat to have James join us!

[@UjjawalChauhan]

@EverythingMarketplaces: James is one of the best minds in marketplaces and it's absolutely a joy listening to him :)

[@EverythingMarketplaces]

We certainly agree!

[@fcordobaot]

Interesting perception on the proprietary data for LLMs.
Great interview

[@javi_park]

brilliant chat

[@MikeWilliamsYoroomie]

Such an awesome chat and James really delivered the insights!

[@anthonyk6274]

outstanding

[@EverythingMarketplaces]

Agree!