20VC: WTF Is Going On? 3 Outcomes for What Could Happen From Here; What Needs to Happen To Avoid Recession? Why Stagnation is Most Likely and What This Means for Startups and Venture & Why Catastrophe is More Likely Than Ever and Switzerland Could Be a "H
Fabrice Grinda, the Founding Partner at FJ Labs and a top-ranked angel investor, shares his insights on the current economic landscape. He discusses how inflation and shifting market conditions are impacting startups and venture capital. Grinda explores three potential future scenarios for the economy: optimistic recovery, stagnation, and the looming threat of catastrophe. He underscores the importance of technology and strategic capital allocation in navigating uncertainty, while also reflecting on his evolution from founder to investor.
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Investing as a Founder
Fabrice Grinda started angel investing in 1998 while building his first company, Auckland.
He found that explaining lessons to others made him a better founder and kept him connected to the market.
volunteer_activism ADVICE
Investment Criteria
Evaluate investment opportunities using four criteria: team, business economics, deal terms, and market thesis.
Grinda historically auto-signed all legal documents without review, but now FJ Labs has a dedicated team and process.
insights INSIGHT
Angel Investing Benefits Founders
Grinda believes that angel investing, even while running a company, can be beneficial for founders.
It provides insights into market trends and different approaches, ultimately making them better CEOs.
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This book surveys the history of humankind from the Stone Age to the 21st century, focusing on Homo sapiens. It divides human history into four major parts: the Cognitive Revolution, the Agricultural Revolution, the Unification of Humankind, and the Scientific Revolution. Harari argues that Homo sapiens dominate the world due to their unique ability to cooperate in large numbers through beliefs in imagined realities such as gods, nations, money, and human rights. The book also examines the impact of human activities on the global ecosystem and speculates on the future of humanity, including the potential for genetic engineering and non-organic life.
Fabrice Grinda is the Founding Partner @ FJ Labs, with over 700 investments, Fabrice has had over 250 exits and built a portfolio including Alibaba, Coupang, Airbnb, Instacart, Flexport, and Delivery Hero, and many more. Prior to FJ Labs, Fabrice served as CEO for three multinational companies; including OLX, one of the largest websites in the world with over 300 million unique visitors per month. As a result of his incredible investing success, Fabrice was named the #1 Angel Investor in the world by Forbes.
In Today's Episode with Fabrice Grinda:
1.) Everything Great Starts Small:
How did Fabrice make his way into the world of investing from founding 3 companies?
How does Fabrice feel about founders raising funds with external LPs?
Why does Fabrice feel that investing as an angel made him a better CEO?
2.) WTF is Going On: The Market Today
How does Fabrice assess what is happening in the market today?
What is causing the massive public market drops we are seeing?
How do inflation rates and interest rates have such an impact on where we are?
How much of this is a result of COVID, the shift to goods from services and supply chains?
3.) The Optimistic Case:
How does Fabrice think things could get better from here? What needs to happen?
What could the Fed do to enable this optimistic outcome to take place?
What would need to happen in geo-politics and Russia for this to happen?
What is the probability today of this optimistic case happening?
4.) The Great Stagnation:
How does Fabrice think the economy could go sideways from here?
What are the core drivers of this?
Why is this the most likely outcome of all? What is the probability of this happening?
5.) The Catastrophe:
How could this market get so much worse?
What level of interest rate change would cause this outcome to occur?
Why does Fabrice think that Switzerland is a "House of Cards"? What would this mean if Switzerland fell? What other European countries does Fabrice think are vulnerable?
6.) What this Means for Venture:
How will LPs respond to these differing situations?
How does this impact how Fabrice thinks about his rate of deployment?
What segment of the market is Fabrice most excited for; early or growth?
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 