The Jess Larsen Show on Innovation & Leadership

From $0 to 1100 Startups: Building a Billion-Dollar Portfolio | FJ Labs Co-Founder, Fabrice Grinda

Dec 17, 2024
Fabrice Grinda, co-founder of FJ Labs and seasoned angel investor, shares his fascinating journey in the startup world. He discusses the vital balance of profitability and growth for sustainable success. Grinda emphasizes customer acquisition metrics and the need for operational excellence in startup ventures. He delves into the art of storytelling in fundraising and the crucial strategies for marketplaces. Lastly, he expresses his optimism in using technology to tackle global challenges like climate change, showcasing a hopeful vision for the future.
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ANECDOTE

Fabrice's Entrepreneurial Journey

  • Fabrice Grinda shared his journey from loving computers at age 10 to building multi-million dollar tech companies and investing in over 1100 startups.
  • He highlighted experiences with startups like OLX, selling companies, and founding FJ Labs, a venture fund focused on marketplaces.
ADVICE

Diversify and Filter Deals Smartly

  • Diversification in venture investing reduces risk and increases chances of hitting top returns driven by a power law distribution.
  • Carefully filter investments using heuristics rather than spray and pray to make large-scale angel investing work.
ADVICE

Sell Winners to Boost IRR

  • Write small checks to behave like angels, allowing quick decisions and the ability to sell shares without being a negative signal.
  • Sell winners partially when overvalued to improve IRR rather than doubling down blindly.
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