Shopify sells 6 River Systems to new owner

Shopify last week announced that it would be the latest big tech firm to undergo mass layoffs. The company is cutting 20% of its 11,600-person staff. The news arrived during earnings that beat Wall Street expectations, shooting its stock price up as a result. Also included in the announcement was news that the Canadian e-commerce…

Why founders ‘have to keep pivoting’

Are you a seed-stage founder who’s building a unicorn? NFX Founding Partner James Currier would like to save you some time: Startups that grow into billion-dollar companies have three basic forms of defensibility. Network effects: Your product becomes more valuable as more people use it. Embedding: Integrate your services so deeply, customers “cannot rip them…