Fabrice Grinda

12 statements across 1 episodes · 4 bullish · 2 bearish · 1 people on the record · first statement Jan 24, 2022 by Fabrice Grinda · across every show →

On the record as a speaker too: Fabrice Grinda's record, appearances and statements → this page counts the times other people say the name.

Everything said about Fabrice Grinda, oldest first

Jan 24, 2022 negative
Insight
Grinda: Employer reference checks on startup founders are a negative signal
“We tried doing reference checks on founders and realized that they were a negative signal. Some of the very best founders were horrible employees. They would talk back to their bosses. They would work on their startup at their job. They had the worst reference…”
Fabrice Grinda Jan 24, 2022 ▶ 47:25 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022 positive
Insight
Grinda: Compounding 1% multivariate testing gains creates game-changing scale
“When you have something at scale like OLX, when you have three hundred million unique visitors a month, we're at like twenty million a day, everything you do is statistically significant. And as a result, you can have infinite one percent improvements that are…”
Fabrice Grinda Jan 24, 2022 ▶ 27:42 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022 neutral
Opinion
Grinda: Concentrating on one Uber early beats high-volume venture models
“If you find Uber or Airbnb early, if that's all you do for the vast decade, you're probably going to do better than with my approach.”
Fabrice Grinda Jan 24, 2022 ▶ 44:46 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022
Assertion Not checkable as stated
Grinda: Exported high-end US computers to Europe to fund Princeton
“I went to Princeton and I studied economics rather than computer science because it explained to me the way the world worked. But I went to Princeton having no money coming from France. And so I actually built my first reasonably small company there, exporting…”
Fabrice Grinda Jan 24, 2022 ▶ 10:49 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022 positive
Disclosure
Grinda: Made marketplace angel investment decisions in one hour
“And I created a set of euristics, essentially four decision criteria That I use to value companies in one hour. In one hour, I would decide, do I invest yes or no?”
Fabrice Grinda Jan 24, 2022 ▶ 30:16 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022
Insight
Grinda: Startups Die From Lack of PMF and Founder Conflict, Not Competition
“Actually the main thing founders worry about is competition, and yet the main thing that kills companies is product market fit, making the unit economics work, and co-founders fighting.”
Fabrice Grinda Jan 24, 2022 ▶ 47:11 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022 neutral
Disclosure
Grinda: Auto-signed angel legal documents to exit without reading them
“And in fact, I wouldn't even read any of the legal docs they ever sent me. I auto signed or docu signed every single doc they sent me from the investment docs all the way to the exit without even reading them.”
Fabrice Grinda Jan 24, 2022 ▶ 30:28 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022
Assertion Contradicted
Grinda: Zingy scaled revenue from $1M to $200M in three years
“We went from one million in revenues in O-two to five million in O-three, but most of that in Q-four, and so the most important date in my life professionally, in fact, probably to this date, is August 15 of 2003, when the check from Sprint Mobile arrived for …”
Fabrice Grinda Jan 24, 2022 ▶ 17:43 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022 positive
Insight
Grinda: Strong Oratory Skills Enable Founders to Raise at Higher Valuations
“When you have amazing oratory skills, you're going to raise money at a higher valuation. You're going to attract better people. You can get better BD deals. You're gonna get more PR.”
Fabrice Grinda Jan 24, 2022 ▶ 31:38 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022
Disclosure
Grinda: FJ Labs receives 150 inbound deals weekly and takes 50 calls
“So right now we get a 150 deals in about a week. They get randomly assigned to one of the team members. The team member reviews whether or not we should take a call. We ended up taking a call with about 50 of these.”
Fabrice Grinda Jan 24, 2022 ▶ 35:55 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022 negative
Opinion
Grinda: LPs are too rigid and fail to back unconventional high-performing funds
“Now, the investment side, I definitely have a pet peeve, which is you would think that with a track record that we have, it'd be actually reasonably easy to raise capital. You would think investors or LPs would be more for it thinking and more creative in term…”
Fabrice Grinda Jan 24, 2022 ▶ 1:06:19 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
Jan 24, 2022 bullish
Disclosure
Grinda: FJ Labs generated a 300x to 400x return on Brazilian startup Méliuz
“An example, we invested in a rewards company in Brazil called Milius that was in a tertiary city. They had extraordinary traction, but because they were in tertiary city, and they were not very eloquent, and their English wasn't great, no one wanted to back th…”
Fabrice Grinda Jan 24, 2022 ▶ 52:33 Fabrice Grinda – Canvassing Seed Stage Marketplaces at FJ Labs, Venture is Eating the Investment World 4 (Capital Allocators, EP.232)
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