The last couple of days have been big for founders as there has been an announcement about massive seed funding by NFX. Founders are now asking what the NFX Fast programs are and how to apply for them. This article will tell you about NFX, their FAST programs, and how to apply.
About NFX & NFX FAST Programs
Based in Herzliya, Israel, and San Francisco, CA, NFX is a leading seed-stage venture firm. The founding entrepreneurs built ten businesses above $10 billion, within exits over several markets and regions. NFX partners with the best founders in the world to solve problems with expertise in network, platform effects, and technology.
What are NFX FAST Programs?
The NFX venture capital firm announced a $450 million pre-seed and seed fund recently. They have made the capital auctionable and re-launched their FAST programs initiative.
FAST is their Founder-Friendly, Application-driven, Software-enabled, and Transparent program. This is a method of getting pre-seed and seed founders’ capital in less than nine days. They also have a FAST division for the “big tech dropouts”, upcoming founders/entrepreneurs preparing to leave their jobs at big companies like Google, Amazon, Facebook, and others. The tagline for this FAST program is “We’ll give you capital to leave”.
General partners of NFX are the founders and operators themselves; they have an excess of $10 billion in exits among them. Their entrepreneur’s personal experience believes that investor operators and seed specialists who have walked down the same road should support early founders. They have 25 unicorns today, including Trulia, Mammoth Biosciences, Lyft, DoorDash, and more. They are dedicated to do what they do best and help early founders with their startups by providing fast capital and guidance.
NFX is launching six different pre-seed stage FAST funding initiatives. Each initiative is concentrated on the core sectors of NFX. These sectors are the ones that have changed the way people live during COVID. $20 million in funds have been allocated towards these programs. These sectors of the NFX FAST programs include:
- Crypto gaming FAST – It is for early founders to bring gaming and crypto / web3 / NTFS together in new ways.
- TechBio Fast – TechBio is for grad students and professors that are ready to start new businesses. They are looking for a Scientist-Founder now.
- Fintech FAST – FinTech FAST is for the next-generation entrepreneur’s ideas in payments and finance.
- Marketplace FAST – Marketplace FAST is for early founders that seek opportunities that others do not.
- PropTech FAST – It is for those early founders that are obsessed with transforming the way real estate works.
- Big Tech Dropouts FAST – This is a special program for those upcoming entrepreneurs that plan to leave their jobs at Google, Amazon, Facebook, etc.
How to apply for NFX Fast Programs?
The founders of this program know the effort it takes to raise funds. They made it easier for entrepreneurs and founders to access capital quickly for their earliest, biggest, and valuable ideas. NFX has launched Signal and Brieflink as tools for the founder community through which you can apply and raise funds.
Ready to Apply for the NFX Fast Program?
As an entrepreneur, it is not easy to get your hands on funds. For those seeking venture capital funding, NFX has made it easier for founders to access funds quickly so that they are not distracted by such issues and continue to innovate. If you are thinking of starting your company, Eqvista is a platform through which you can form your startup. You can also manage your cap table, issue shares, and get your 409a valuation done by professionals on Eqvista.