"World of DaaS" Fabrice Grinda of FJ Labs - diversified portfolios, secondary sales and dinner parties
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Jul 1, 2025 Fabrice Grinda, co-founder of FJ Labs and a successful entrepreneur, dives into the world of venture capital. He shares insights on curiosity-driven investing and the importance of focusing on innovative founders. The conversation further explores diverse investment strategies, emphasizing secondary sales and adapting to market changes. Fabrice also touches on organizing Jeffersonian dinners for meaningful discussions, and the complexities of balancing personal passion with market demands while integrating AI tools in investment research.
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Curiosity Drives Diversified Investing
- Fabrice Grinda follows intellectual curiosity, backing founders solving interesting problems across all kinds of industries.
- This approach naturally leads to a diversified portfolio, well suited to the venture capital power-law returns.
Founder Quality Assessment
- Assess founders by gauging initial personal chemistry and whether they're eloquent storytellers and effective executors.
- Drill down on business knowledge, including metrics like customer acquisition cost and contribution margin.
Importance of Product and Competition in Seed
- Product presence at seed stage is vital as it shows team capability and problem-solving.
- Investing earlier often means risking overlap due to many similar ideas emerging simultaneously.
