The NFX Podcast

Ep 9: Why Network Effects Are (Even) More Powerful In Web3 (NFX Masterclass)

The NFX Podcast

Show Notes

In Web3, network effects are fundamental and critical to survival. If you’re building in Web3 properly, then it should automatically include network effects. Listen in as General Partner Morgan Beller acts like the river guide of network effects for Web3 as she shares her experience and insights on how to be defensible in this new world.

Eventually, we will see Web3 swallow Web2 - look how much we’ve learned since that white paper for BTC arrived in 2009. Founders on the frontlines of the Web3 world are educating us on how to remain defensible and retain growth amongst competitors.

This is an audio version of episode 9 from The Network Effects Masterclass, curated for audio and listening on the go. For the full video experience, transcripts, and recommended reading, join the free Network Effects Masterclass at - NFX.com/masterclass.

More from The NFX Podcast

Apr 1, 2026

Max Child (Founder & CEO of Weekend, the #1 voice AI games company in the world, formerly Volley) breaks down why AI will turn everyone into a gamer — not just the hardcore players. We explore how AI is shifting gaming from button presses to conversation, unlocking entirely new types of interactive experiences on the biggest screen in the home: the TV. Max shares how Weekend is building AI-powered games across smart TVs, why this platform shift could expand gaming to billions of new users, and how conversational AI is becoming the core mechanic behind the next generation of entertainment. We also go deep on the founder journey — from staying alive long enough for luck to hit, to moving fast, taking more shots on goal, and understanding the only three growth strategies that actually work. This episode is about more than games — it’s about how new categories emerge, how platforms shift, and how founders position themselves to win in the age of AI.

Mar 4, 2026

AI is transforming gaming — not incrementally, but fundamentally. In this episode of The NFX Podcast, James Currier sits down with Nick Walton, CEO of Latitude (AI Dungeon, Voyage), to break down what it really means to build an AI-native game company — and why traditional AAA studios may be unprepared for what’s coming.

Jan 30, 2026

Recorded at the NFX SF HQ, this episode features Madhavan Ramanujam (author of Monetizing Innovation and Scaling Innovation), alongside Pete Flint (GP at NFX, founder of Trulia) and Anna Piñol (Partner at NFX). Together, they break down how AI is changing the rules of pricing, defensibility, and growth. He covers the shift from services to venture capital, AI monetization, and how early discussions on willingness to pay shape value capture. Strategies for seed-stage startups, successful POCs, and enterprise deals are examined, highlighting simple pricing communication. The episode also addresses outcome-based pricing, AI's potential to reduce pricing bias, and tactics for profitable growth. As startups navigate AI adoption, the significance of the 20-80 axiom and overcoming resistance to price changes are emphasized.

Jan 28, 2026

Kamakshi Sivaramakrishnan shares her journey from AdMob to founding Drawbridge and her subsequent transition to LinkedIn. She discusses the mobile advertising revolution, the success of AdMob during the iPhone launch, and its acquisition by Google. Kamakshi highlights Drawbridge's unique value proposition and the challenges of navigating ad tech regulations. She offers insights on customer relationships, board management, and acquisition processes. Kamakshi also delves into her transition to LinkedIn, founding Samooha, and the complexities of data collaboration. The episode concludes with advice for founders, especially female entrepreneurs, and the importance of empowering product teams.

Jan 26, 2026

Russ Heddleston, founder of DocSend, shares how nearly going bankrupt forced them to rethink everything—turning a failing startup into a product-led rocket ship that Dropbox bought for $165M. From spreadsheets of startup ideas, to the painful lessons of chasing enterprise sales, to doubling their prices and watching conversions skyrocket, Russ breaks down the hard truths behind building a breakout SaaS company. Plus: why he wishes he hadn’t sold, and what he’s doing differently with his next startup.

See all episodes →