Fun Interview on The Twenty Minute VC

I had the pleasure of being interviewed by Harry Stebbings of The Twenty Minute VC. You can find the interviews on iTunes at http://bitly/thetwentyminutevc and on the Web at: I also recreated it below for your reading pleasure. 20 VC 072: SUPER ANGEL, FABRICE GRINDA: THE FUTURE OF STARTUP INVESTING 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… Read More

FFR-Delta 3b

Asset prices are more sensitive to very low interest rates than most suspect

Global interest rates are now at historical lows. Conversely we are seeing record prices for asset prices be they share prices of listed companies, privately held Internet startups, art, collectible cars or real estate. The theoretical value of an asset is the net present value of the discounted future cash flows it can generate. The lower the acceptable internal rate of return (IRR) an investor accepts, the less future cash flows are discounted and the greater an asset can be valued. The impact of the decrease in interest rate by central banks on asset prices has a time lag. When… Read More


Apparently I am the second most prolific French angel!

It’s funny. I never set out to be an angel investor. If you are a visible entrepreneur, you get approached by other entrepreneurs in need of advice and capital. I loved helping out and kind of fell into it. I never set a number of startups I wanted to invest in or an amount of capital I wanted to deploy. I just met many amazing people building fascinating companies. I had to participate. We are in an unprecedented moment in history where almost all industries are being reinventing by tech startups. It’s awesome to be in the middle of it. A… Read More

I failed my way to success!

I wanted to share a fun interview I gave to JobSpotting. They kindly allowed me to reproduce it on my blog. You can find the original at: Fabrice Grinda likes building things. He also happens to be very, very good at it. Since starting his first company at age 23, Grinda has become one of the world’s most successful Internet entrepreneurs and investors. Originally from France, Grinda has built his career in the USA, having moved there at age 17 to attend university, founding his first startup just 6 years later. Now, with over $300m in exits and 150… Read More

2015 Venture Investing Update

It’s been a while since I posted a missive on our venture investments and I felt it was long overdue given the fundamental changes we’ve made to our strategy. We are now investors in a mind-boggling 182 startups! We had 56 exits, 26 successful and 30 unsuccessful with an average exit multiple of 5.5x. We’ve also been on fire of late with the IPO of Alibaba Group and Lending Club, the exits of Brightroll and Sunrise and several of our seed investments passing the billion dollar valuation mark like Delivery… Read More


Building Marketplaces

I gave a few speeches last year on building marketplaces. I covered the evolution of marketplaces, what it takes to build successful vertical marketplaces, marketplace design, how to growth hack liquidity and manage your suppliers. Even it’s missing the commentary, I felt some of you might appreciate the supporting slides…. Read More