4.4 • 637 Ratings
🗓️ 16 September 2015
⏱️ 32 minutes
🧾️ Download transcript
Fabrice Grinda is among the world’s leading Internet entrepreneurs and investors with over $300 million in exits and 200 angel investments including the likes of Alibaba, LendingClub and BrightRoll. Fabrice is currently investing in startups and building companies through FJ Labs, which he cofounded with business partner Jose Marin. Fabrice is also co-founder and executive chairman of Beepi, a next generation used car marketplace which recently raised $60 million in series B funding.
Prior to FJ Labs and Beepi, Fabrice was co-founder and co-CEO of OLX, one of the largest websites in the world with over 200 million unique visitors per month.
Submit Your Startup To Fabrice
In Today's Episode You Will Learn:
1.) How did Fabrice make his entry into the world of investing?
2.) How important is it for investors to have entrepreneurial experience?
3.) What are the most common problems Fabrice's portfolio companies face?
4.) What is Fabrice's selection criteria for startups when investing and what determines the valuation of a startup?
5.) How does Fabrice respond to the allegation that he is a clone collector?
6.) With Fabrice's $1m syndicate, does he believe syndicates have the potential to replace VC?
Items Mentioned In Today's Show:
Fabrice's Fave Book: What If by Randall Munroe, Think Like A Freak by Stephen Dubner
Fabrice's Fave Newsletter: TechCrunch
Fabric's Most Recent Investment: Flexport
As always you can follow Harry, The Twenty Minute VC and Fabrice on Twitter here!
If you would like to see a more colourful side to Harry with many a mojito session, you can follow Harry on Instagram here!
Click on a timestamp to play from that location
0:00.0 | You're listening to the 20-minute VC with your host, Terry Stebbings, and today we return to the world of New York investing with the welcoming of Super Angel Fabrice Grinder onto the show. |
0:11.1 | Fabrice is among the world's leading internet entrepreneurs and investors. Just to hit you with some numbers, he has over $300 million in exits and has made over 200 angel investments, including in the likes of Ali Barbar, Lending Club and Bright Roll. |
0:28.0 | Fabrice is currently investing in startups and building companies through FJ Labs, which he co-founded with business partner Jose Marin. |
0:36.6 | Fabrice is also co-founder and executive chairman of |
0:39.5 | BP, a next generation used car marketplace, which recently raised an astonishing 60 million in |
0:46.3 | Series B funding. Prior to FJ Labs and BP, Fabrice was co-founder and co-CEO of OLX, one of the |
0:53.8 | largest websites in the world, with over 200 million unique visitors per month. |
0:59.0 | But before we dive into the stage show with the legend that is Fabrice, I want to talk to you about my favourite law firm, Vidar Law. |
1:07.0 | The reason they're so great is because they assist startups to build a solid legal foundation |
1:11.5 | and take away all the hassle and worry of any legal conflicts or issues that might arise in the startup journey, |
1:18.2 | allowing you the startup to grow and focus on your business and transition to the next phase. |
1:23.8 | It really is worth taking a look at www.vidharlaw.com or by following at Chris underscore V-D-A-R-Law on Twitter. |
1:35.4 | But ladies and gentlemen, without further ado, it is time to welcome the super angel himself. It is, of course, Fabrice Grinder. |
1:46.0 | You know, It is, of course, Fabrice Grinder. Three, two, one, zero. |
1:50.5 | You have now arrived at your destination. |
1:53.5 | Well, Fabrice, welcome to the 20-minute VC. |
1:55.6 | It's an absolute pleasure to have you on the show. |
1:57.5 | That's a pleasure to be here. |
2:10.4 | And I'd love to kick off today's show by hearing a little about your background and how you made the move from founding three startups and exiting OLX to making over 200 investments, I believe it is now. |
2:19.8 | Yeah, I mean, the reality is I still define myself as an entrepreneur, not as an investor. I started becoming an entrepreneur 17 years ago when I built my first startup, which is an eBay-type site for |
2:24.7 | frames, then built a mobile content company in the U.S., and then built OLOX. But actually, |
2:30.2 | the reality is over the last two years, I've co-founded four more startups in the U.S. |
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