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VC firm NFX laid off 4 employees and plans to hire more investors

The pre-seed and seed-focused firm cut roles in software and engineering and plans to grow its investment team by 20%, it tells TechCrunch.

About a week ago, Amy Lin, chief product officer since 2017, announced that she had departed the firm on LinkedIn. NFX built and runs its own internal software to find and evaluate companies, but, Flint said, the firm has recently found that it can use AI to do the same level of output with less people. San Francisco-based NFX, founded in 2015, invests in pre-seed and seed-stage companies across categories like biotech, gaming, generative AI, and fintech, among others.

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