James Currier, a founding partner at NFX, gave a presentation on how to become a unicorn founder. He said that most startups that grow into billion-dollar companies have three forms of defense. The first is that the business has a lot of impact, the second is that the founders are able to attract the right talent, and the third is that the company is able to attract the right capital. Currier said that most people think of having an idea when it comes to becoming a unicorn founder, but he stressed the importance of doing a better job than the competition. NFX reviews about 8,000 deals each year, but only invests in around 30.
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